VEGAS DEVELOPER BUYS ASPEN HOME FOR RECORD $36.5 MILLION

Las Vegas and Miami real estate developer Jeffrey Soffer has purchased a home in Aspen for a record $36.5 million.

Soffer, who owns Turnberry Towers in Las Vegas with his father Don Soffer, bought one of the four Aspen residences owned by Saudi Prince Bandar bin Sultan.

The sales price is a record for single-family home in Aspen, according to the Aspen Times.

Jeffrey Soffer is redeveloping the Fontainebleau hotel in Miami Beach and building a $3 billion Fontainebleau casino and hotel project in Las Vegas. Fountainbleau Las Vegas is expected to open in 2009 with 3,889 rooms.
 
Prince Bandar, former ambassador to the U.S. from Saudi Arabia from 1983 to 2005, is head of Saudi Arabia's National Security Council and a member of the country's royal family.