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South Florida roundup: Pool of EB-5 seekers could dry up, Nakash family sold Setai Hotel in South Beach … and more

South Florida roundup: Pool of EB-5 seekers could dry up, Nakash family sold Setai Hotel in South Beach … and more
setai

The Setai Hotel in South Beach

From the February issue: The Nakash Family, founders of the Jordache Jeans empire, purchased The Setai Hotel in South Beach from Lehman Brothers Holdings Inc. for nearly $ 90 million, the pool of foreign investors looking to secure permanent U.S. residency through the EB-5 program could dry up, impacting investment in South Florida and more in this month’s Florida market report. [more]


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