search

The Real Deal Logo

Trending

Glossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseSwig finds new bottom with DTLA office sale at $94 a sfSwig finds new bottom with DTLA office sale at $94 a sf“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab lawHow Hochul played the “good cause eviction” game, and wonHow Hochul played the “good cause eviction” game, and won
South Florida

Royal pain in Royal Palm fracas

Sign Up for the undefined Newsletter

Accusations of fiscal shenanigans surfaced in court as Royal Palm hotel-owner Guy Mitchell’s legal troubles mount. The Miami hotel was placed into receivership earlier this month after the hotelier lost another court case in Chicago. The Royal Palm had been slated for a $134 million partial conversion to condominiums, but financing was upended by the ripples of the subprime mortgage market collapse and subsequent credit crunch. Mitchell is accused of diverting $4 million from the resort to offshore bank accounts.