Terra, Russell Galbut sued over Five Park short-term guest suites
A luxury penthouse buyer sued Terra and Russell Galbut alleging a bait-and-switch amenity offering at their 48-story Five Park condo tower in South Beach. Former hedge fund portfolio manager Jay Newman, as trustee for the Jay H. Newman trust, alleges the development entity failed to make short-term
Bridgeton pays $68M for hotel near David Beckham’s Miami soccer stadium
Bridgeton Holdings is making a South Florida hospitality play by picking up a Miami hotel that stands to draw scores of soccer fans as guests in the coming years. An affiliate of New York-based Bridgeton, led by Atit Jariwala, paid $67.5 million for the Sheraton Miami Airport Hotel at 3900 Northwes
Fed Keeps Interest Rates Unchanged
The Fed left rates unchanged, citing solid growth and a steady job market. Officials want clearer progress on inflation before resuming cuts, likely later this year.
Recent Posts
