The Real Deal New York

South Florida roundup: Pool of EB-5 seekers could dry up, Nakash family buys Setai Hotel in South Beach … and more

February 26, 2015 05:30PM
By Heather Grossmann

setai

The Setai Hotel in South Beach

From the February issue: The Nakash Family, founders of the Jordache Jeans empire, purchased The Setai Hotel in South Beach from Lehman Brothers Holdings Inc. for nearly $90 million, the pool of foreign investors looking to secure permanent U.S. residency through the EB-5 program could dry up, impacting investment in South Florida and more in this month’s Florida market report. [more]

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