Documents tagged "The Related Companies"
Found 1 document with this tag
HOUSE_OVERSIGHT_027068.txt
The Related Companies is the initial bidder for the Palm House Hotel, which failed as a condo-hotel project. The stalking horse bidder, RREF II PALM HOUSE LLC, led by Related Companies Managing Principal Justin Metz, is offering $32 million for the property in a bankruptcy auction scheduled for next month. Bids at the auction will start at $32.5 million. The property faces allegations of fraud by the Securities and Exchange Commission and EB-5 investors. Given expects the property to sell for up to $40 million, and it could be the last opportunity for a developer to own a hotel in Palm Beach.
By Keith LarsenPalm House HotelRelated Companies StephenRelated CompaniesNew YorkRelated Companies Managing PrincipalJustin MetzBankruptcy CourtPalm Beach IslandExchange CommissionIn AugustRobert GivenErrol BlumerMichael MulkernRobert KaplanWest Palm BeachPalm BeachThe Related CompaniesKeithLarsenOctoberPalmHouseHotelRelatedCompaniesStephenNewYorkManagingPrincipalJustinMetzBankruptcyCourtBidsBeachIslandSecuritiesExchangeCommissionAugustCushmanWakefieldRobertGivenErrolBlumerMichaelMulkern