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      • Miami-Dade judge tosses out Hotel Greystone lawsuit
        by By Francisco Alvarado on January 26, 2022 at 11:00 pm

        In another court win for Hotel Greystone owner Branden Muhl, a Miami-Dade judge tossed out his ex-partner’s lawsuit accusing him of a hostile takeover of the South Beach property. Miami-Dade Circuit Court Judge Alan Fine last week dismissed an amended complaint filed by Greystone Hospitality, a company managed by Boca Raton-based hotelier James Vosotas. Vosotas alleges Muhl is attempting to squeeze him out of an ownership stake in Hotel Greystone, a 91-room Art Deco hotel ... [more] The post Miami-Dade judge tosses out Hotel Greystone lawsuit appeared first on The Real Deal South Florida.

      • Proptech stars — they’re just like us: Future City attendee spotlight
        by By Raji Pandya on January 26, 2022 at 10:45 pm

        You may have more in common with some of the leading proptech players than you think. For example, from March 20 to 22, you will all be in the Bahamas for Future City 2022 — that is, if you get your application in by Feb 24. The Real Deal’s executives-only retreat is locked and loaded with attendees who have the scoop on what’s next for real estate in the age of the algorithm. Here are ... [more] The post Proptech stars — they’re just like us: Future City attendee spotlight appeared first on The Real Deal South Florida.

      • Sam Zell’s Equity Lifestyle Properties invests $147M in manufactured homes
        by By Connie Kim | Research By Christian Bautista on January 26, 2022 at 10:30 pm

        Sam Zell is betting big on manufactured homes. Zell’s Equity Lifestyle Properties paid $105 million for RVC Outdoor Destinations, an entity that operates six recreational vehicle communities, according to its fourth quarter earnings report. The firm also bought MHVillage, a listing website for manufactured homes, and Datacomp, which provides market-based valuations for them, for a combined $43 million. Equity Lifestyle said it used cash, lines of credit and proceeds from stock sales to buy MHVillage, ... [more] The post Sam Zell’s Equity Lifestyle Properties invests $147M in manufactured homes appeared first on The Real Deal South Florida.

      • Capstone honcho pays record $7M for non-waterfront Bay Harbor Islands house
        by By Adam Farence on January 26, 2022 at 9:36 pm

        A New Jersey real estate honcho bought a non-waterfront house in Bay Harbor Islands for a record $6.5 million. The seller is the son of a former political aide to then-Israeli Prime Minister Ariel Sharon. Sagi and Elana Genger sold the house at 10031 West Broadview Drive to a New Jersey LLC, Menlo22, which is linked to Moshe Medlowitz, president of the advisory board of Lakewood, New Jersey-based Capstone, a real estate investment firm. Sagi ... [more] The post Capstone honcho pays record $7M for non-waterfront Bay Harbor Islands house appeared first on The Real Deal South Florida.

      • Dallas office towers tied to Ukrainian money laundering case, DOJ says
        by TRD Staff on January 26, 2022 at 8:30 pm

        Federal investigators plan to seize more than $6 million in revenue from the sale of commercial real estate in Dallas that the Department of Justice says was embezzled by the owners of a Ukrainian bank, according to the Dallas Morning News. The DOJ alleges the former headquarters of CompuCom Systems Inc. on Forest Lane was purchased with embezzled funds from PrivatBank, a Ukrainian bank tied to a criminal investigation. Profits from that property were allegedly ... [more] The post Dallas office towers tied to Ukrainian money laundering case, DOJ says appeared first on The Real Deal South Florida.