Michael Stern sells interest in Miami Beach condos to majority owner Activate Hospitality 

Sagar Desai’s Activate Hospitality bought out developer Michael Stern’s interest in a group of units at the oceanfront Casablanca condo-hotel in Miami Beach, as Activate continues to pursue a buyout of the property.  The deal marks Stern’s second exit from a Miami Beach property over the past year, after transferring ownership of the property at 1250 West Avenue to developer David Martin in 2025. An affiliate of Stern’s JDS Development Group negotiated a condo buyout of 1250 West Avenue, which closed after Stern secured an upzoning for the bayfront property.  In the latest deal, property records show an affiliate of […]

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