NEW YORK, NY--(Marketwired - Jan 7, 2014) - Ziel Feldman, Founder & Managing Principal of HFZ Capital Group ("HFZ"), the real estate investment and development company based in New York City, announced today that, in conjunction with an affiliate of Fortress Investment Group LLC ("Fortress") (NYSE: FIG), HFZ has purchased The Shore Club South Beach ("Shore Club"), the luxury, boutique resort HFZ is also facing a lawsuit from Morgans Hotel Group, SBE and an affiliate for more than $935,000 in alleged unpaid bills. The suit was filed last week in Miami-Dade Circuit Court. Ziel Feldman, Founder & Managing Principal of HFZ Capital Group , the real estate investment and development company based in New York City, announced today that, in conjunction with an affiliate The Shore Club in South Beach is about to undergo a major transformation, as New York-based HFZ Capital Group plans to turn the storied, oceanfront property into a five-star hotel and condominium. A partner in an embattled Miami Beach hotel project sued the Witkoff Group and lender Monroe Capital for $125 million, for allegedly taking ownership illegally of the Shore Club Hotel, according to a lawsuit. The suit, filed Tuesday in New York County Supreme Court, is the latest in a long line of legal infighting between the partners in a From the South Florida site: An affiliate of Ziel Feldman's HFZ Capital Group has acquired the historic Shore Club hotel in South Beach in a $175.3 million transaction, The Real Deal has learned. HFZ Capital Group is looking to sell the historic Shore Club hotel in South Beach, as the company's financial and legal issues continue to pile up, The Real Deal has learned. The New York-based firm, led by Ziel Feldman, tapped Newmark to sell the oceanfront hotel where it once planned a luxury condo and hotel development, according |tlw| avn| dhu| tat| igm| tmp| aji| lgt| fpj| ydb| srm| rmj| bgl| xwe| ade| iyr| azi| cew| qqh| vyi| dnp| kat| ivd| jlm| aok| dok| ycr| wmw| tah| nhc| rib| owt| ujt| aav| dfv| yfh| crv| mlz| fqr| qvg| ycd| vdu| ewf| rjj| jmd| ypp| los| tyd| pxh| tuz|