10-Year Relationship Lets Greenberg Attorney Close on Setai
An unshaven Ralph Bekkevold left his family and the damaged Greenberg Traurig offices after Hurricane Wilma to close a deal for a client that ended up being Nakash Holdings. Since then, Bekkevold says the Nakashes have treated him like family.
March 10, 2015 at 01:42 PM
4 minute read
Dealmaker: Ralph Bekkevold
The Deal: The Greenberg Traurig shareholder represented Nakash Holdings, a closely held investment firm controlled by the founders of the designer jeans company Jordache Enterprises, as it teamed with financier Alex von Furstenberg in the $86.1 million purchase of the five-star luxury hotel The Setai Miami Beach. The sale closed Feb. 27.
Details: The seller is a subsidiary of Lehman Brothers Holdings Inc. Von Furstenberg, the son of fashion designer Diane von Furstenberg, is a minority partner with less than a 33 percent stake. The purchase price of the 120-room hotel-condominium property amounts to about $720,000 per room in another example of the overheated Miami Beach market.
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