BBX Capital Real Estate Completes the Sale of Its Las Flores Center for $4.0 Million

BBX Capital Real Estate Completes the Sale of Its Las Flores Center for $4.0 Million


    
      
      

FORT LAUDERDALE, FL--(Marketwired - April 24, 2014) - BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE: BBX), announced today it has completed the sale of its Las Flores Center for $4.0 million. Located in Miami, Florida, the Las Flores Center is a retail and office project with total square footage of nearly 114,000 square feet on approximately 2.9 acres of land.

The Las Flores Center is part of the BankAtlantic legacy portfolio of loans and real estate that was retained by BBX Capital.

About BBX Capital Corporation:   BBX Capital, a New York Stock Exchange listed company (NYSE: BBX), is involved in the acquisition, ownership and management of, and joint ventures and investments in real estate and real estate development projects as well as investments and management of middle market operating businesses. In addition, BBX Capital and its holding company, BFC Financial Corporation, have a 46% and 54% respective interest in Bluegreen Corporation; a vacation ownership company with more than 60 owned or managed resorts, 225,000 owners and 5,000 employees.

As of December 31, 2013, BBX Capital had consolidated total assets of $431.1 million, shareholders' equity of $302.4 million, and its book value per share was $19.00. For more information, visit www.BBXCapital.com.

About BFC Financial Corporation : BFC (OTCQB: BFCF) is a holding company whose principal holdings include a 52% ownership interest in BBX Capital Corporation (NYSE: BBX) and a 54% indirect interest in Bluegreen Corporation. As of December 31, 2013, BFC had total consolidated assets of approximately $1.4 billion, shareholders' equity attributable to BFC of approximately $239.4 million, and total consolidated equity of approximately $422.4 million. For more information, visit www.BFCFinancial.com. 

For further BBX Capital information, please visit our family of companies: BBX Capital: www.BBXCapital.com Bluegreen Corp.: www.BluegreenVacations.com Renin Corp.: www.ReninCorp.com Hoffman's Chocolates: www.Hoffmans.com, www.BocaBons.com and www.GoodFortunes.com Williams & Bennett: www.WilliamsandBennett.com BFC Financial Corp.: www.BFCFinancial.com

BBX Capital Contact Info: Investor Relations: Leo Hinkley Managing Director, Investor Relations Officer 954-940-5300 Email: [e-mail] contact: Caren Berg Boardroom Communications [phone] Email: [e-mail]