Conchita has her own seven-bedroom, $8.3 million mansion on Miami Beach. She has a $3 million trust fund. A publicist. A four-season wardrobe. Diamond jewelry. A full-time staff. Weekly spa trips for manicures and pedicures. Her very own Escalade. What a pampered little puppy.
Submitted by Anonymous on Thu, 06/17/2010 - 7:41am
While many law firms and companies alike are doing well despite today’s challenging economic environment, the mood and message this holiday season is different. Schwartz Media Strategies’ clients Leesfield & Partners and Kluger Kaplan Silverman Katzen & Levine, two prestigious law firms with a long history of giving back to the South Florida community, kept with tradition this holiday season in supporting local charities, while recognizing the hard work of their own staff with festive, yet modest holiday parties. See today’s excellent article on this topic by Vanessa Blum of American Lawyer Media.
Economic Crisis Law firms forego holiday parties for holiday giving
Tis the season to be … frugal?
Submitted by Anonymous on Mon, 12/21/2009 - 5:38am
It’s back to the ’90s for a growing number of troubled hotel properties.
Sale prices for some South Florida hotels have declined to levels not seen in 10 years.
Judging by two recent hotel deals, the hospitality industry could be the hardest hit of all commercial real estate sectors, experts say. A former Holiday Inn in Fort Lauderdale and the Doubletree Hotel Coconut Grove sold earlier this month at prices lower than their values in the 1990s.
With hotel property owners drowning in debt and a recession that has discouraged Americans from traveling, the hospitality industry will struggle for years, said real estate litigator Steve Silverman, a partner in Kluger Kaplan Silverman Katzen & Levine in Miami.
In South Florida alone there are $1.2 billion in distressed hotel loans, according to Real Capital Analytics.
“The hotel sector is driven by disposable income,” Silverman said. “Given the problems in the general economy, hotel stays are going to be considered a luxury item for several years. Business travel is down and will continue to be depressed for several years.”
Knowing some hotel owners basically have to sell off their properties, investors are becoming increasingly “vulturistic” in the hunt for bargains, said broker Jeff Cohen, head of the commercial real estate division of Esslinger Wooten Maxwell’s Miami Beach office.
“Those who are suffering need to dispose of their assets,” he said. “With the pressure on the whole industry on the liquidity side, buyers are scrutinizing every possible deal to get it as cheap as they can.”
Submitted by Anonymous on Tue, 09/29/2009 - 6:07pm
Attorney Abbey Kaplan of Kluger Kaplan Silverman Katzen & Levine, P.L., is launching a search in New York, New Jersey and Pennsylvania for $16 million a Florida judge says his client is owed over lost profits in a real estate deal.
DAILY BUSINESS REVIEW - JULY 29, 2009
In another chapter of a long-running fight over a failed land deal, attorney Abbey Kaplan is about to hit the road in search of more than $16 million awarded a client over lost profits.
Kaplan represented Downtown Associates in its suit against New Jersey investor Eli Weinstein and his related companies. And while Downtown won the suit, getting paid is the next step in a 5-year-old journey that now is likely to take Kaplan to New York, New Jersey and Pennsylvania.
“My suspicion is that his assets are located in the Northeast, primarily in New Jersey,” said Kaplan, a partner in Kluger Kaplan Silverman Katzen & Levine in Miami. As some investors, sellers and lenders head to court in the aftermath of the implosion of the commercial real estate market, more lawyers could be joining the hunt for money over soured deals.
Submitted by Anonymous on Wed, 07/29/2009 - 1:31pm