Sale of Miami Beach Resort

Blackstone Said to Plan Sale of Miami Beach Resort
Blackstone Group LP (BX) agreed to sell the Miami Beach Resort in Florida to Joseph Chetrit for $117 million as part of a debt restructuring in its LXR Luxury Resorts & Hotels unit, a person with knowledge of the deal said. Chetrit, the New York ...

Weekend Itinerary at The Ritz-Carlton, South Beach
Dilido Beach Club at The Ritz-Carlton, South Beach, is hosting a number of exclusive events every Friday, Saturday, and Sunday to serve as the perfect respite from a hectic week. Enjoy LaDi Fridays, a happy hour featuring complimentary Champagne and ...

Isabel Dos Santos, Daughter Of Angola's President, Is Africa's First Woman Billionaire - Forbes: "Isabel dos Santos studied engineering at King’s College in London, where she lived with her mother, who is divorced from President dos Santos. She opened her first business in 1997, at age 24, in Luanda in Angola– a restaurant called Miami Beach. She has come a long way since then. She sits on the boards of several companies in Angola and Portugal and has been instrumental in making business decisions."

Report: Miami among top cities to snag foreclosed homes - Business - Topping a list of 20 metropolitan areas is Palm Bay-Melbourne-Titusville, the Irvine, Calif.-based real estate data firm said. RealtyTrac looked at four criteria in tallying the “best places:” the supply of foreclosure inventory; foreclosure sales as a percentage of all transactions; the average percentage discount on foreclosures; and the annual percentage change in foreclosure activity in 2012 compared with 2011. Also among the top 20 metro areas for buying foreclosures is Lakeland (No. 5), Tampa (No. 6), Jacksonville (No.7), Orlando (No. 9) and Miami (No. 12), according to the RealtyTrac report. The No. 12 ranking for the metropolitan area of Miami, Fort Lauderdale and Pompano Beach was based on the area having a 29-month supply of foreclosures, with foreclosures accounting for 28.7 percent of all sales during 2012. The average price discount on a foreclosed home in the Miami-Fort Lauderdale-Pompano Beach area was 31 percent in 2012, when foreclosure activity rose 36 percent from a year earlier, RealtyTrac said. Read more here:

Who killed Miami Beach hotel heir Benji Novack? - CBS News: " . . . But in the end, all that's left is the money -- $10 million by some estimates, dwindling fast between lawyers and squabbling family members. For the Novack family, once the royalty of Miami Beach, the lights are out and the party is over. Narcy Novack and her brother, Cristobal Veliz, were sentenced to life in prison without the possibility of parole."

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