Crescent Heights sues CitizenM over commercial units at Miami Beach hotel
Crescent Heights is suing CitizenM to force an ownership transfer of commercial units at a recently opened Miami Beach hotel. In a lawsuit filed in Miami federal court, an affiliate of Miami-based Crescent Heights, led by Russell Galbut, Sonny Kahn and Bruce Menin, alleges the CitizenM entity that owns the 160-key hotel at 1628-1634 Alton Road is refusing to transfer ownership of the ground floor and second level commercial spaces, as required by a seven-year-old agreement. In 2018, Voorschoten, Netherlands-based CitizenM, led by CEO Lennert de Jong, entered into an agreement to buy a portion of Crescent Heights’ 1212 Lincoln […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
The next test for master-planned communities is staying power
How Higharc is turning floor plans into intelligent data
Congress Reaches Compromise on Major Housing Bill After Months of Gridlock
Broward County drops pursuit of Spirit Airlines Dania Beach HQ
“Nonsensical”: Miami-Dade votes to pursue Fisher Island site via eminent domain
L.A. Power Couple List Hancock Park Estate Where They’ve Hosted an Array of High-Profile Political Events for $16.5 Million
Taylor Morrison names Mike Carlo Sarasota division president
Contestants on HGTV Show ‘Battle on the Beach’ Reveal They Were Homeless While Filming the Hit Series: ‘We Kept It to Ourselves’
What to look for in Kevin Warsh’s first Fed meeting
Builders slow starts in May to rebalance pricing and incentives
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131