The First Domino? Investors Pull Billions as Real Estate Bank Runs Return
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Prosper, European developer buy Miami River condo dev site for $50M
Prosper Group and European firm Versluys Group bought a condo development site on the Miami River in Brickell for $50 million. They put the 1-acre lot under contract last year from Harvey Hernandez’s Newgard Development Group and Two Roads Development. The property was part of the sellers’ One Brickell Riverfront assemblage.   Miami-based Prosper, led by former Wall Street financier Jay Roberts, and Belgium-based Versluys plan a $650 million, 60-story luxury condo tower on the adjacen
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 as