BankAtlantic

Bluegreen Vacations Holding Corporation to be Acquired by Hilton Grand Vacations

Retrieved on: 
Monday, November 6, 2023

Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company" or “Bluegreen Vacations”) announced today that it has entered into a definitive agreement to be acquired by Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV”) for $75.00 per share in an all cash transaction, representing a total enterprise value of approximately $1.5 billion, inclusive of net debt.

Key Points: 
  • Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company" or “Bluegreen Vacations”) announced today that it has entered into a definitive agreement to be acquired by Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV”) for $75.00 per share in an all cash transaction, representing a total enterprise value of approximately $1.5 billion, inclusive of net debt.
  • In the 1970’s, Alan B. Levan founded the predecessor to Bluegreen Vacations Holding Corporation, and it has been a diversified holding company for over 50 years.
  • With headquarters in Boca Raton, Florida, Bluegreen Vacations has 49 Club Resorts and 24 Associate Resorts.
  • Alan Levan, the Company’s Chairman and Chief Executive Officer, said, “Today’s announcement represents another exciting chapter for Bluegreen Vacations.

Franklin BSP Realty Trust, Inc. Appoints Michael Comparato as President

Retrieved on: 
Wednesday, March 22, 2023

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the appointment of Michael Comparato as its new President.

Key Points: 
  • Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the appointment of Michael Comparato as its new President.
  • Richard J. Byrne, who previously served as President, will continue to serve as Chairman of the Board of Directors and Chief Executive Officer.
  • (“BSP”), the Company’s external manager, and has served as Head of Commercial Real Estate for BSP since 2017.
  • I have every confidence in his continued success.”
    The appointment of Michael Comparato is effective immediately.

BBX Capital Real Estate and The Altman Companies Close on Land and Financing to Commence Development of Altra Kendall in Miami, Florida

Retrieved on: 
Tuesday, November 29, 2022

About BBX Capital Real Estate: BBX Capital Real Estate, a principal holding of BBX Capital, Inc., is engaged in the acquisition, development, construction, ownership, financing, and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, and commercial properties located primarily in Florida.

Key Points: 
  • About BBX Capital Real Estate: BBX Capital Real Estate, a principal holding of BBX Capital, Inc., is engaged in the acquisition, development, construction, ownership, financing, and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, and commercial properties located primarily in Florida.
  • BBX Capital Real Estate also manages the legacy assets acquired in connection with BBX Capital, Inc.s sale of BankAtlantic in 2012, including portfolios of loans receivable, real estate properties, and judgments against past borrowers.
  • About The Altman Companies: The Altman Companies, a joint venture between BBX Capital Real Estate and Joel Altman, is engaged in the development, construction, and management of multifamily apartment communities.
  • About BBX Capital, Inc.: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin.

BBX Capital Real Estate, a subsidiary of BBX Capital, Inc., Announces the Sale of Altis Miramar and Altra Miramar

Retrieved on: 
Tuesday, August 2, 2022

BBX Capital Real Estate, a wholly-owned subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), today announced that its Altis Miramar East/West joint venture had completed the sale of Altis Miramar, a 320-unit multifamily apartment community located in Miramar, Florida, and Altra Miramar, a 330-unit multifamily apartment community adjacent to Altis Miramar.

Key Points: 
  • BBX Capital Real Estate, a wholly-owned subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), today announced that its Altis Miramar East/West joint venture had completed the sale of Altis Miramar, a 320-unit multifamily apartment community located in Miramar, Florida, and Altra Miramar, a 330-unit multifamily apartment community adjacent to Altis Miramar.
  • The Altis Miramar East/West joint venture was sponsored and formed by The Altman Companies in 2019 to develop Altis Miramar and Altra Miramar.
  • About BBX Capital Real Estate: BBX Capital Real Estate, a principal holding of BBX Capital, Inc., is engaged in the acquisition, development, construction, ownership, financing, and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, and commercial properties located primarily in Florida.
  • About BBX Capital, Inc.: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin.

BBX Capital Real Estate, a subsidiary of BBX Capital, Inc., Announces the Sale of Altis Little Havana

Retrieved on: 
Wednesday, June 8, 2022

BBX Capital Real Estate, a wholly-owned subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), today announced that its Altis Little Havana joint venture had completed the previously announced sale of Altis Little Havana, a 224-unit multifamily apartment community located in Miami, Florida.

Key Points: 
  • BBX Capital Real Estate, a wholly-owned subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), today announced that its Altis Little Havana joint venture had completed the previously announced sale of Altis Little Havana, a 224-unit multifamily apartment community located in Miami, Florida.
  • View the full release here: https://www.businesswire.com/news/home/20220607006368/en/
    The Altis Little Havana joint venture was sponsored and formed by The Altman Companies in 2019 to develop Altis Little Havana.
  • About BBX Capital Real Estate: BBX Capital Real Estate, a principal holding of BBX Capital, Inc., is engaged in the acquisition, development, construction, ownership, financing, and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, and commercial properties located primarily in Florida.
  • About BBX Capital, Inc.: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin.

BBX Capital Real Estate and The Altman Companies Break Ground to Develop Altís Blue Lake in West Palm Beach, Florida

Retrieved on: 
Tuesday, January 18, 2022

BBX Capital Real Estate (BBXRE), a wholly-owned subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) and an owner of 50% of the equity interests in The Altman Companies, a developer and manager of multifamily apartment communities, announced today that The Altman Companies has broken ground to develop Alts Blue Lake in West Palm Beach, Florida.

Key Points: 
  • BBX Capital Real Estate (BBXRE), a wholly-owned subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) and an owner of 50% of the equity interests in The Altman Companies, a developer and manager of multifamily apartment communities, announced today that The Altman Companies has broken ground to develop Alts Blue Lake in West Palm Beach, Florida.
  • About BBX Capital Real Estate: BBX Capital Real Estate, a principal holding of BBX Capital, Inc., is engaged in the acquisition, development, construction, ownership, financing, and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, and commercial properties located primarily in Florida.
  • About The Altman Companies: The Altman Companies, a joint venture between BBX Capital Real Estate and Joel Altman, is engaged in the development, construction, and management of multifamily apartment communities.
  • About BBX Capital, Inc.: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, which includes ITSUGAR, and Renin.

BBX Capital Real Estate and The Altman Companies Break Ground to Develop Altís Grand at Suncoast in Northwest Tampa, Florida

Retrieved on: 
Tuesday, January 18, 2022

The Altman Companies expects to deliver the first units at Alts Grand at Suncoast in 2023.

Key Points: 
  • The Altman Companies expects to deliver the first units at Alts Grand at Suncoast in 2023.
  • About BBX Capital Real Estate: BBX Capital Real Estate, a principal holding of BBX Capital, Inc., is engaged in the acquisition, development, construction, ownership, financing, and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, and commercial properties located primarily in Florida.
  • About The Altman Companies: The Altman Companies, a joint venture between BBX Capital Real Estate and Joel Altman, is engaged in the development, construction, and management of multifamily apartment communities.
  • About BBX Capital, Inc.: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, which includes ITSUGAR, and Renin.

Wursta Brings on Peter Hoff as Vice President of Cyber Security and Risk

Retrieved on: 
Wednesday, September 29, 2021

AUSTIN, Sept. 29, 2021 /PRNewswire/ -- Wursta , a premier Google Partner and technology advisor, announced the appointment of Peter Hoff as the company's new Vice President of Cyber Security and Risk.

Key Points: 
  • AUSTIN, Sept. 29, 2021 /PRNewswire/ -- Wursta , a premier Google Partner and technology advisor, announced the appointment of Peter Hoff as the company's new Vice President of Cyber Security and Risk.
  • Hoff, who's collaborated with Google for more than a decade on security aspects of its business solutions, will expand Wursta's security products and advisory services.
  • Hoff also served as Director of Information Security at JM Family Enterprises, a national automotive distributor, where he addressed technological challenges and emerging cyber threats.
  • "As Wursta continues to grow, I am delighted to join its talented team to build an enterprise-class security practice and further expand the Wursta suite-of-services," commented Hoff.

BBX Capital, Inc. Appoints Marcia Barry-Smith to its Board of Directors

Retrieved on: 
Wednesday, September 22, 2021

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (BBX Capital) announced today that its Board of Directors has appointed Ms. Marcia Barry-Smith to the Board of Directors.

Key Points: 
  • BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (BBX Capital) announced today that its Board of Directors has appointed Ms. Marcia Barry-Smith to the Board of Directors.
  • View the full release here: https://www.businesswire.com/news/home/20210922005847/en/
    BBX Capital, Inc. Appoints Marcia Barry-Smith to its Board of Directors (Photo: Business Wire)
    Marcia Barry-Smith is a renowned and highly respected professional within the South Florida community.
  • We are pleased to have Marcia join the BBX Capital Board of Directors.
  • We welcome Marcias leadership and experience, commented Jarett S. Levan, Chief Executive Officer and President of BBX Capital, Inc.
    About BBX Capital, Inc.: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, which includes ITSUGAR, and Renin.