South Florida Dirt: A timeline of the Vacchi vs. Stern legal battle
Developer Michael Stern teamed up with Italian investor and TikToker Gianluca Vacchi in 2024. At the time, Stern said that Vacchi “understands new media and how to cut through the noise on social media in a way most real estate people don’t,” calling him an effective marketer and tastemaker. Online to his 22.1 million Instagram followers and 22.3 million TikTok followers, Vacchi has showcased his jetsetting lifestyle, workouts, cold plunges, and maybe most frequently, his dancing. Two years ago, Stern and Vacchi said they were 50-50 partners on a $4 billion pipeline of JDS Development’s projects (Stern’s firm). That included […]This article originally appeared on The Real Deal. Click here to read the full story.
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