The Real Deal New York

Posts Tagged ‘related group’

  • Related Companies CEO Stephen Ross and his colleague, Miami condo mogul Jorge Perez, head of the Related Group, had $4 million invested with accused fraudster Scott Rothstein, according to bankruptcy court documents filed Dec. 22, Paul Brinkmann of the South Florida Business Journal reported. Related PR, whose mailing address matches that of a Miami office of the Related Group, appears on a list of investors in the Fort Lauderdale attorney’s former law firm, Rothstein Rosenfeldt Adler, which filed for Chapter 11 bankruptcy after Rothstein’s massive Ponzi scheme was revealed. Perez is director and president of Related PR and Ross is a director, according to state documents. Most of the other investors on the list are from Florida, but a group of New York investors, including Ross and Zack Hampton Bacon III, a hedge fund manager who invested $500,000 with Rothstein, were also scammed. [SFBJ]

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  • At 85-89 Jane Street in the West Village, Danta Raso and Ricard de La Rosa’s two historic buildings, which for decades housed their Pro Piano shop, are on the market for $35 million. Pro Piano, which carved out a niche selling Steinway pianos to concert pianists, moved out of the spot after the Related Group offered the owners an undisclosed sum in order to use the space as a showroom for Superior Ink, the riverfront condominium at West Street and West 12th Street. While the properties’ price may ultimately hinge on whether the Landmarks Preservation Commission allows the combined 12,200-square-foot space to be razed and rebuilt as something larger, hedge fund manager Noam Gottesman paid $34 million for a property belonging to fashion and commercial photographer Albert Watson across the street. He had the property demolished with the Commission’s approval and is now building a three-story home in its place. [NYT]

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  • From the South Florida Web site: Trump Hollywood officially opened its doors on Friday with all the fanfare that usually accompanies a grand opening bearing the Donald’s surname. Developed by the Related Group, the $355 million, 40-story luxury tower faces the Atlantic Ocean with a glass facade, beachfront pool deck, library, private dining room, club room, screening room and a list of other amenities. Related Group CEO Jorge Perez and Donald Trump Jr. were on hand to host a luncheon and tour of the property, which includes a 4,000-square-foot spa and fitness center, yoga studio and treatment rooms, a wine cellar, cigar room and sunrise bistro. [more]

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