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☆ Investor Carl Icahn charged with hiding billions in loans
▼ + stars: | 2024-08-19 | by ( Lucy Bayly | Reuters | ) edition.cnn.com time to read: +2 min

New York CNN —Billionaire investor Carl Icahn and his firm Icahn Enterprises have settled charges for failing to disclose pledges of the company’s securities as collateral for billions of dollars in personal loans, US regulators said Monday. The investigation came after a report from short-seller Hindenburg Research sent shares in Icahn’s investment firm spiraling last year. Hindenburg wrote that “Icahn has been using money taken in from new investors to pay out dividends to old investors. The Securities and Exchange Commission said Icahn, who partially inspired Wall Street villain Gordon Gekko in the 1987 film “Wall Street,” pledged up to 82% of shares in his companies to secure billions of dollars of margin loans — but failed to disclose those details. “Hindenburg’s modus operandi, which is to publish scurrilous and unsupported allegations, did damage to IEP and its investors,” Icahn said Monday.

Persons: Carl Icahn, Hindenburg, “ Icahn, ”, Icahn, Gordon Gekko, Osman Nawaz, ” Icahn, “ Organizations: New, New York CNN, Icahn Enterprises, Hindenburg Research, Forbes, The Securities, Exchange Commission, SEC, Division’s, Unit Locations: New York, Beach , Florida

☆ Aston Martin opens 66-story residential tower in Miami
▼ + stars: | 2024-05-02 | by ( Jack Guy | ) edition.cnn.com time to read: +5 min

CNN —Miami has a new addition to its skyline – a 66-story residential tower built by Aston Martin, marking the British luxury sports carmaker’s first foray into the residential real estate market. Comprising of 391 units, Aston Martin Residences Miami sits at the mouth of the Miami River on Biscayne Bay, the firm said in a statement Tuesday. Aston Martin touchesHomeowners are able to customize their interior space with the help of the Aston Martin design team, with three style packages – Timeless, Covert and Indulgent – drawing on the company’s British heritage, as well as the building’s context. Aston Martin Residences MiamiAston Martin said that 99% of the properties sold before the building was completed. Aston Martin isn’t the first luxury carmaker to enter the residential property market.

Persons: Aston Martin, Rodolfo Miani, Bodas Mian Anger, ”, Aston, Germán Coto, “, Coto, Marek Reichman, Reichman, ” Reichman, you’ve, Aston Martin Residences Miami Aston Martin, Aston Martin Vulcan, Aston Martin isn’t Organizations: CNN, Miami, Aston Martin Residences Miami, G Business, Formula, Prix, Martin Residences Miami, Aston Martin Residences, Aston, Aston Martin, Aston Martin Residences Miami Aston, Residences Locations: Miami, Biscayne Bay, jacuzzis, cabanas, Bentley, Sunny, Beach , Florida

☆ Scooter Braun's right-hand man wanted to make Camila Sterling a star. After she died in his hotel room, he wanted the world to forget.
▼ + stars: | 2023-11-08 | by ( Anna Silman | Jack Newsham | ) www.businessinsider.com time to read: +33 min

He also created an LLC under his initials in 2021, seemingly for the sole purpose of releasing Sterling's music. But since Sterling's death, Bolno has worked to distance himself from the tragedy and buff his reputation online. On June 29, 2023, three months after Sterling's death, Ozuna and Andino signed to SB Projects, Scooter Braun's management company. Since Sterling's death, Bolno has appeared to try to distance himself from the tragedy. However, in September, a message from Centeno's email address sent on behalf of Sterling's mother asked Insider to stop reporting on Sterling's death.

Persons: Camila Sterling, David Bolno, Scooter Braun's, Drake, Post, Bolno, Sterling, — who's, Daily Mail —, —, Laura Camila Lozano Sterling, Selena Gomez, Enmanuel Hernández Rodriguez, Rodriguez, it's, Scooter Braun, Taylor Swift, Camila Sterling's, Shaun White, schmoozing, sunning, David Geffen's, he's, Will.i.am, Justin Bieber, hadn't, bigwig, He's, Mariah Carey, Braun, Ariana Grande, Demi Lovato, Scooter, who's, Scooter hasn't, Peter Comisar, Comisar, Michael Tran, Bieber, he'd, David Grutman, LIV, Grutman, she'd, I'm, David, Usher, Sterling's, John Parra, I'd, Nordhia Centeno, Laura Castellanos Torres, Edgar Andino, Andino, Sterling wasn't, Gabby, there's, Sterling texted, Escalade, Cartier Juste, Bruce Lehr, tusi, Fabio Cabrera, Ernesto Rodriguez, Evan Siegfried, Mickey Segal, NKSFB, Nubia Esperanza Sterling Artunduaga, Camila, Rocio Cruz Maldonado, Centeno, Marcie Stefan Organizations: Miami Beach, Daily Mail, Miami Beach Police Department, Puerto, Sterling, Trump, Intracoastal Yacht, Space, Miami Dade College, Puerto Rican, Pump, Miami, DTB Records, Spotify, Records, Temple Law School, Ithaca Holdings, luxe Paramount Miami, Studios, Bay Eight Recording Studios, YouTube, Zero, SB Projects, Paramount Miami Worldcenter, Representatives, Police, Unreal Mobile, Red Pocket, European Business, University of Locations: Post Malone, Miami, Sterling, Latin America, Colombia, Bogotá, American, Puerto Rican, Sunny, Moscow, Sunny Isles, Givenchy, Cuba, Los Angeles, Delaware, Puerto Rico, New York City, Medellín, Ithaca, Korean, Brentwood, North Miami, French Montana, Bolno's, Miami Beach, Jerusalem, Nubia

☆ The Latest Cool Amenity? A Name Brand. How About Porsche?
▼ + stars: | 2023-09-15 | by ( Debra Kamin | More About Debra Kamin | ) www.nytimes.com time to read: +1 min

Chart a 10-mile path down the Miami coast, and the options for luxury shopping are endless. But from Fendi to Missoni to Porsche to Bentley, the branded products many shoppers are buying aren’t items you can take home. Branded real estate is surging: The market for name-brand luxury condominium units is projected to grow 12 percent each year between now and 2026, according to a report from the global real estate consultants, Knight Frank. Like blue jean makers and handbag designers, developers have long understood the power of a label, and today in nearly every major city, homeowners can shop residences from well-known hospitality brands like Four Seasons, Aman and Ritz-Carlton. Now more surprising brands are getting in on the trend, with purveyors of both luxury cars and couture looking to condos for their next frontier.

Persons: Knight Frank, jean, Aman, Armani Casa Organizations: Porsche, Bentley, Ritz, Carlton, Armani, Bentley Residences Locations: Miami, Fendi, Missoni, Dade County, British

☆ A 28-year-old paid just $10,000 for a rundown house that she and her dad are renovating into a hot-pink Airbnb
▼ + stars: | 2023-05-17 | by ( Dan Latu | ) www.businessinsider.com time to read: 1 min

Hanes posing at Rose Cafe in Sunny Isles Beach, Florida. Courtesy of Katie HanesKatie Hanes, 28, dreams of creating a one-of-a-kind Airbnb, an experience that is "more than just a place to sleep at night." After a visit to the all-pink Rose Cafe in Sunny Isles Beach, Florida, she imagined a pink palace where guests could create "lifetime memories."

☆ U.S.-Made Technology Is Flowing to Sanctioned Russian Airlines
▼ + stars: | 2023-05-15 | by ( Ana Swanson | Niraj Chokshi | ) www.nytimes.com time to read: +1 min

The shipments also increased over the course of last year as Russia recruited global businesses to help it bypass the sanctions. The men are accused of fielding requests for parts, including expensive brake systems for a Boeing 737, from at least three Russian airlines, including two that had been strictly barred from purchasing U.S.-made products through a so-called temporary denial order issued by the Commerce Department. Despite the level of sanctions evasion, airplane shipments into Russia remain significantly lower than before the war. U.S. officials say Russian airlines have been forced to cannibalize planes, breaking them down for spare parts to keep others in operation, as well as turning to Iran for maintenance and parts. Russia’s imports of aircraft and aircraft parts fell from $3.45 billion annually before the invasion to only about $286 million afterward, according to The Observatory of Economic Complexity, a data visualization platform that explores global trade dynamics.

☆ Carl Icahn's company stock falls as much as 20% after prosecutors seek financial information
▼ + stars: | 2023-05-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Regulators sought information a day after notable short seller Hindenburg Research took a short position against Icahn's company. The shares fell as much as 20% in morning trading, following a near 25% loss last week. Icahn Enterprises , Carl Icahn's conglomerate, saw its stock drop again Wednesday after a disclosure showed regulators are seeking information regarding its corporate governance. Headquartered in Sunny Isles Beach, Florida, Icahn Enterprises is a holding company that invests in a myriad of businesses including energy, automotive, food packaging, metals and real estate. Shares of Icahn Enterprises are now down more than 35% year to date.

☆ Hindenburg takes on billionaire Icahn with latest short position
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

May 2 (Reuters) - Hindenburg Research said on Tuesday it has a short position in activist investor Carl Icahn-controlled energy-to-pharma conglomerate Icahn Enterprises (IEP.O), making it the latest in a string of recent high-profile targets of the U.S. short seller. Icahn Enterprises did not immediately respond to a request for comment and Reuters could not independently verify the claims the short-seller has made in its report. Hindenburg also claimed Icahn was operating a "ponzi-like economic structure," selling its units to new investors to support its dividend payouts. Based in Sunny Isles Beach, Florida, Icahn Enterprises is one of the most successful activist investment firms and the chief investment vehicle of Icahn, who is known for his face-offs with several high-profile firms. As of last close, shares were down marginally this year, giving Icahn Enterprises a valuation of roughly $18 billion.

☆ Hindenburg Research goes after Carl Icahn in latest campaign for market-moving short seller
▼ + stars: | 2023-05-02 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.Notable short seller Hindenburg Research is going after famed activist investor Carl Icahn. "Overall, we think Icahn, a legend of Wall Street, has made a classic mistake of taking on too much leverage in the face of sustained losses: a combination that rarely ends well," Hindenburg Research said in a note released Tuesday. Headquartered in Sunny Isles Beach, Florida, Icahn Enterprises is a holding company that involves in a myriad of businesses including energy, automotive, food packaging, metals and real estate. Hindenburg said it believes the high dividend yield is "unsupported" by the company's cash flow and investment performance. Shares of Icahn Enterprises are down 0.5% on the year as of Monday's close.

☆ Short investor Hindenburg erases fifth of Icahn empire’s value
▼ + stars: | 2023-05-02 | by ( ) edition.cnn.com time to read: +4 min

In a report published on Tuesday, Hindenburg accused IEP of overvaluing its holdings and relying on a “Ponzi-like” structure to pay dividends. The subsequent plunge in IEP shares wiped $2.9 billion off Icahn’s net worth, leaving him with an estimated $14.7 billion, according to Forbes. NAV is a key gauge of a fund’s performance, measuring the market value of securities held by the fund. Driving the frothiness in IEP’s stock, Hindenburg argued, is its dividend yield of 15.8%, the highest of any US large cap company by far. Hindenburg also offered examples it said showed IEP itself was valuing its holdings way above their market value.

In a report published on Tuesday, Hindenburg accused IEP of overvaluing its holdings and relying on a "Ponzi-like" structure to pay dividends. The subsequent plunge in IEP shares wiped $2.9 billion off Icahn's net worth, leaving him with an estimated $14.7 billion, according to Forbes. NAV is a key gauge of a fund's performance, measuring the market value of securities held by the fund. Driving the frothiness in IEP's stock, Hindenburg argued, is its dividend yield of 15.8%, the highest of any U.S. large cap company by far. Hindenburg also offered examples it said showed IEP itself was valuing its holdings way above their market value.

☆ A man is suing a Trump beach resort, blaming its 'scorching hot' pool decks and beach sand for a partial amputation of his foot
▼ + stars: | 2023-04-30 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

A New Jersey man stayed with his family at Trump International Beach Resort in August 2022. He accused the resort of negligence for allowing the pool deck and beach sand to get "scorching hot." A New Jersey man is suing the Trump International Beach Resort in Miami over "dangerously hot" surfaces that he claims resulted in a partial amputation of his foot. The temperature was at least 95 degrees each day, the lawsuit said, and Lekas "generally" wore sandals to walk on the pool decks and beach sand. Lekas' attorney, Trump International Beach Resort, and Dezer Properties didn't immediately respond to requests for comment from Insider made outside normal working hours.

☆ A look inside a $22.5 million Miami condo with insane luxury amenities
▼ + stars: | 2023-03-09 | by ( Ray Parisi | ) www.cnbc.com time to read: +12 min

Turnberry Ocean Club ResidencesInside the Sky Club's fitness center where the treadmills come with impressive views. Turnberry Ocean Club ResidencesOutdoor sunset lounge Turnberry Ocean Club ResidencesAlso up on 32nd floor is a so-called dog retreat where lucky pooches can take in the ocean views and relieve themselves. Turnberry Ocean Club Residences / Leo DiazThe kitchen includes three islands and comes equipped with custom Italian-made cabinetry and high-end German appliances. A rendering of one of the Turnberry Ocean Club Residences' beach front cabanas. Turnberry Ocean Club Residences

☆ Inside a $22.5 million condo with over 70,000 sq ft of over-the-top amenities
▼ + stars: | 2023-03-09 | by ( Ray Parisi | ) www.cnbc.com time to read: 1 min

This $22.5 million condo in Miami spans 6,200 sq ft with four bedrooms, five and a half baths, but perhaps more impressive than what comes inside those four walls is the mind-blowing list of over-the-top amenities that comes with it. The luxury condo is situated on the 48th floor of the Turnberry Ocean Club Residences in Sunny Isles Beach where the list of amenities span over 70,000 sq ft from sunrise and sunset swimming pools to a $1.2 million beachfront cabana. CNBC's Ray Parisi and real estate broker Senada Adzem of Douglas Elliman take you inside for an exclusive tour.

☆ Hair Removal Mogul Looks to Break Miami’s Condo Record With $85 Million Listing
▼ + stars: | 2022-11-18 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A condo unit at the Estates at Acqualina, a $1.8 billion oceanfront project in Sunny Isles Beach, Fla., is coming on the market for $85 million. If it sells for anywhere close to that amount, it would be the most expensive condo sale ever recorded in the Miami area, records show.

☆ Hair Removal Mogul Looks to Break Miami’s Condo Record with $85 Million Listing
▼ + stars: | 2022-11-16 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

☆ $100 million is the new frontier for South Florida luxury homes, says agent Dina Goldentayer, who sold $750 million in real estate last year via chauffeured car, helicopter, and golf cart
▼ + stars: | 2022-09-27 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +4 min

Griffin's $100 million buy is more than double the 2019 record for Miami's priciest single-family home. A Golden Beach compound is on the market for $100 million — and is being marketed as a gut job. "Now $100 million seems to be the threshold that captures the public's imagination. While Miami's ultraluxury market thrives, its less-pricey sectors are beginning to normalize, Miller said. Douglas Elliman's South Florida market reports, which Miller compiles, point to a slowdown in new signed contracts, but that's in comparison with the supercharged market of 2021.

☆ Messi și-a cumpărat un apartaent de lux în SUA. Fotbalistul a plătit pe imobil șase milioane de euro
▼ + stars: | 2021-04-28 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Fotbalistul, care tocmai a primit o ofertă de la PSG, a plătit 6 milioane de euro pentru un nou apartament de lux lângă Miami.Messi a plătit 6 milioane de euro pentru o locuință de 711 metri pătraţi. Noua proprietate a fost achiziţionată complet mobilată şi se află în Sunny Isles Beach.Conform siteului imobiliar The Real Deal, apartamentul are piscină privată, pe lângă accesul la celelalte şase piscine ale clădirii, şi vedere la Oceanul Atlantic. Sunt patru dormitoare, patru băi, o cramă în care pot fi plasate 1.000 de sticle. De asemenea, are şi o terasă de 200 de metri pătraţi.Apartamentul costa iniţial 6,6 milioane de euro, dar Leo a obţinut o reducere din partea unei companii, care este administrată de nimeni altul decât Jorge Messi, tatăl starului argentinian.Pe plan sportiv, fotbalistul, deocamdată este angrenat cu echipa în lupta pentru titlu în La Liga. El a câștigat deja un trofeu în acest sezon, Cupa Spaniei.

Persons: Sunny Isles, Leo, Jorge Messi Organizations: Real Deal, Liga Locations: Sunny, Atlantic, Spaniei

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