Developer kept majority of units — and voting power — at Doral association, suit says
A group of Doral condo owners are taking aim at their community’s developer, alleging it retained a grip on the association years after completing the building and exempted its affiliates from the same rules imposed on the homeowners. The Grand at Doral I condominium association says the building’s developer, Pablo Jose Valdes Florida Irrevocable Trust, transferred more than half of the building’s units — 42 of the 80 condos — to two of its affiliates, Prime Properties at Doral and Premier Properties at Doral. That gave Prime and Premier the lion’s share of votes at the building, according to the […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts

South Florida Dirt: Overdue debt, a dead deal, and Miami’s sinking skyline

“Game changer” Galbut and partners’ Galleria mall Live Local mixed-use project scores approval after nearly 2 years

Construction workers injured in fall at Perigon Miami Beach project site

Over 300 affordable units on tap in Brownsville, Naranja amid market-rate multifamily glut

Miami developer sentenced to six years behind bars for fatal DUI crash

Mapping Publix’s recent $100M-plus retail shopping spree and its growing South Florida real estate empire

LeCesse scoops up $18M Deerfield Beach dev site as city weighs easing restrictions

Infamous “Animal House” Brickell condo cited for illegal hotel operations

NY investor picks up Boca office complex for $79M amid CP Group’s sell-off

Trump signs order aimed at reducing single-family housing costs

