A news article by Keith Larsen dated October 11, 2018, reporting that an affiliate of Related Companies (RREF II PALM HOUSE LLC), led by Justin Metz, placed a $32 million stalking horse bid for the bankrupt Palm House Hotel in Palm Beach. The property, previously linked to developer Robert Matthews who faces SEC fraud allegations, was scheduled for auction on November 16, 2018, with Cushman & Wakefield acting as marketing advisers. The document is stamped with a House Oversight footer.
This document appears to be an internal communication belonging to 'JEE' (Jeffrey Epstein) containing a news excerpt or report regarding real estate fraud in Palm Beach. The text details the bankruptcy and SEC complaint against developer Robert Matthews regarding the Palm House project, involving the misuse of $44 million in EB-5 investor funds. It notes that Matthews falsely claimed high-profile figures like Bill Clinton and Donald Trump were on his advisory board, and mentions other regional developments by Stephen Ross's Related Companies.
This document is a news clipping regarding the bankruptcy auction of the Palm House Hotel in Palm Beach. It details that RREF II PALM HOUSE LLC, an affiliate of Related Companies (led by Justin Metz), placed a 'stalking horse' bid of $32 million. The text outlines the financial history of the stalled project, including $115 million in creditor claims and fraud allegations against the former developer, with an auction scheduled for November 16, 2018.
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