The unfinished Palm House Hotel in Palm Beach, Florida, which backers say is the main attraction in a $40 million EB-5 visa fraud and is tied to a Connecticut grand jury indictment,, is set for auction Nov. 16.
An affiliate of New York-based developer and fund manager Related Cos. LP won approval Wednesday from U.S. Bankruptcy Judge Erik Kimball for a $32 million stalking horse bid, according to Boca Raton attorney Philip Landau, who filed the Aug. 2 bankruptcy petition for the owner, 160 Royal Palm LLC.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]