Developer kept majority of units — and voting power — at Doral association, suit says

by Lidia Dinkova

A group of Doral condo owners are taking aim at their community’s developer, alleging it retained a grip on the association years after completing the building and exempted its affiliates from the same rules imposed on the homeowners.  The Grand at Doral I condominium association says the building’s developer, Pablo Jose Valdes Florida Irrevocable Trust, transferred more than half of the building’s units — 42 of the 80 condos — to two of its affiliates, Prime Properties at Doral and Premier Properties at Doral. That gave Prime and Premier the lion’s share of votes at the building, according to the […]

This article originally appeared on The Real Deal. Click here to read the full story.

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Stevan Stanisic

Stevan Stanisic

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Real Estate Advisor License ID: SL3518131

Real Estate Advisor License ID: SL3518131

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