Inside the power struggle between PMG and a downtown Miami condo-hotel association
Property Markets Group sued the condo association at the Elser Hotel & Residences, marking the latest dispute between them over control of the downtown Miami condo-hotel. Last week, an affiliate of Miami-based PMG sued 398 NE 5th Street Condominium Association, the property management firm RealManage and Steve Hardee, alleging the association has been running a fraudulent scheme to take unit owners’ fees that are owed to PMG. PMG’s complaint was filed just days after the condo association sued the developer over the parking garage operations at the mixed-use tower, and months after the developer and the association settled a lawsuit. […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts

#MovingToMiami: Are the Design District and $250 per sf rents the next office-market wave?

Tight inventory, sky-high prices: Miami’s top resi brokers on how they close deals in an ultra-competitive market

Rug mogul Ben Soleimani buys Wellington mansion as equestrian real estate attracts buyers

No pioneer, but early follower: Miami newcomer Genghis Hadi talks Raleigh prices, branded condos, capital markets

Developer-friendly amendments rejected by Deerfield Beach voters

Voters green light property deal changes in Fort Lauderdale and Hollywood

Voters elect Live Local, condo reform advocate Vicki Lopez, shoot down Miami marina, Miami Beach office projects

Florida voters approve Amendment 3

Florida voters approve Amendment 3 property tax referendum

Real estate industry-backed Byron Donalds narrowly wins historic Florida governor’s race

