UPDATED 11:06 a.m., Sept. 17: The Nakash family of Jordache jeans fame bought the Versace mansion at auction today, putting in a high bid of $41.5 million and announcing plans to convert the palatial Mediterranean-style estate into a hotel with the Versace name. [more]
Posts Tagged ‘peter loftin’
The Versace mansion will go to bankruptcy auction on Sept. 17, listing broker Jill Eber told The Real Deal. [more]
Recently-released transcripts of depositions from two lawsuits involving Ponzi schemer Scott Rothstein explain how he used his ill-gotten gains to purchase a 9.9 percent stake in the former Versace mansion in South Beach, where he was married and spent part of his honeymoon. [more]
The late designer Gianni Versace’s former Miami Beach home Casa Casuarina is on the market asking $125 million, according to the Wall Street Journal. The 10-bedroom, 11-bathroom, 19,000-square-foot estate was purchased by Versace in 1992 for close to $10 million. [more]
Paul Mitchell hair product founder John Paul DeJoria, has expressed his intention to pay the government $100,000 to drop its claim on Scott Rothstein’s former 9.9 percent stake in the Versace mansion in South Beach, now a boutique hotel, the South Florida Business Journal reported.
Attorneys for the Casa Casuarina LLC, the company that owns the mansion, filed papers today in federal court, stating that DeJoria is prepared to close the deal.
The stake was seized from Rothstein in 2009, after his $1.2 billion ponzi scheme was exposed.
“At the end of the day, we wanted to let the court know about this fantastic offer,” an attorney for Casa Casuarina said. “The Rothstein stain has been cleaned up now. Mr. DeJoria has been interested in the property for quite some time.” [SFBJ]
The U.S. government filed papers Monday admitting its claim against the Versace mansion in Miami Beach is worthless, the South Florida Business Journal reported. Federal prosecutors have been pursuing a claim against the mansion because they say Ponzi-schemer Scott Rothstein invested in its former owner Casa Casuarina.
His restaurant operation, Bova, briefly ran Casa Casuarina in an effort to revive the finances at the troubled former Versace mansion. Owner Peter Loftin dismissed the Rothstein team after investigators accused the Broward lawyer of the scandal. [more]
Casa Casuarina, the glitzy South Beach hotel, restaurant and club, is one of the many businesses and properties affected by attorney Scott Rothstein’s alleged $1 billion Ponzi scheme. His restaurant operation, Bova, briefly ran Casa Casuarina in an effort to revive the finances at the troubled former Versace mansion. Owner Peter Loftin dismissed the Rothstein team after investigators accused the Broward lawyer of the scandal. Loftin said the club would re-open with a new, respected operator. Members have paid as much as $50,000 for initiation fees; Casa faces $160,000 in state and federal tax liens. [Miami Herald]
South Beach’s former Gianni Versace mansion will open as a nightclub
following a change of control. Fort Lauderdale attorney and investor
Scott Rothstein purchased a stake in the property from owner Peter
Loftin. The deal, which closed two weeks ago, gives Rothstein control
over operations at the property. Rothstein’s plans for the mansion,
called Casa Casuarina, are modeled after Bova Ristorante, a Fort
Lauderdale and Boca Raton restaurant chain in which Rothstein is a
Peter Loftin, the telecommunications multimillionaire who bought the
former Gianni Versace mansion known as Casa Casuarina on South Beach,
was sued by the mother of his 4-year-old son for childhood support for
another son. Kairee Hall, 27, a former Miami Dolphins cheerleader with
whom Loftin had Jagger, now 4, sued him again for child support after
Jett was born May 19, 2008. The suit wouldn’t have either boy live at
the luxurious South Beach home, but would keep primary custody of the
baby where she lives in Orlando.