Nahla Capital bids $275M for Shvo’s stalled Raleigh Miami Beach project
A potential buyer has entered the ring at The Raleigh, a stalled condo and hotel project planned in Miami Beach. New York-based Nahla Capital won a bid to purchase the property for about $275 million, Business Insider reported. Michael Shvo’s firm, New York-based Shvo, has the right of first refusal and is trying to match the offer. Nahla recently completed The Rosewood Residences Beverly Hills. Rosewood is also set to brand the Raleigh project, which includes the restoration and renovation of the historic structures on the 3-acre property and a new, separate 17-story, oceanfront condo tower. Peter Marino is working […]This article originally appeared on The Real Deal. Click here to read the full story.
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Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131