WEST PALM BEACH — The development firm eyeing Portofino South Condominium has sweetened its offer, raising it from $202 million to $295 million, which the company says is its “best and final” one.
The complex, completed in 1971 and spanning 12 stories, offers a mix of 1‑, 2‑, and 3‑bedroom layouts, with balconies facing the Intracoastal Waterway, Palm Beach Island and the Atlantic Ocean.
The initial buyout offer was made in January by BEKO Equities, a joint venture between Gilbert Benhamou, founder of Immocorp Capital, and O.D. Kobo, a Hong Kong-based asset manager. It was increased to $245 million and now it is at $295 million…