Nelson Peltz takes out another $30M mortgage on Palm Beach estate
Billionaire investor Nelson Peltz and his wife Claudia Heffner Peltz took out another mortgage on their Palm Beach waterfront estate, known as Montsorrel, about a year after borrowing $68.5 million against the house. The Peltzes borrowed $30 million from Bank of America to be repaid over 15 years, t
Six busted in $6M Miami condo association fraud scheme
Six people were arrested in connection to a $5.8 million HOA fraud scheme in Miami-Dade County this week after a two-year investigation. The investigation, called “Operation Sundown” by the Miami-Dade Sheriff’s Office Organized Crime Bureau, found the group deceived association board members and st
Inside South Florida’s billion-dollar convention center hotel building boom
Related Ross’ proposed Hilton Curio hotel at CityPlace heads to a second hearing with the West Palm Beach city commission Tuesday. The 18-story, 400-key project at 900 South Rosemary Avenue is part of a trend of convention center hotel developments popping up across South Florida. The developer i
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