Tommy Mottola and Thalía with an aerial view of 31 La Gorce Circle (Getty)
A hedge fund manager’s investment in a La Gorce Island teardown in Miami Beach appears to have paid off.
Adam Wyden, who heads his investment firm ADW Capital, and his wife Allison, sold their home at 31 La Gorce Circle for $5.5 million to music executive Tommy Mottola and his wife, Mexican singer and actress Thalía,
The Real Deal has learned. The Wydens bought the house in December for $4.2 million.
Mottola, chairman of Mottola Media Group and former chairman and CEO of Sony Music Entertainment, and Thalía recently flipped their oceanfront condo at the Four Seasons Residences at The Surf Club for $10.4 million, $2.4 million more than their purchase price less than a year ago.
Johnny Mansilla (Nest Seekers, Realtor, Zillow)
Nest Seekers International has been falsely claiming exclusivity on a number of listings in Miami, and in some cases feeding that information to Zillow and Realtor.com, an investigation by
The Real Deal reveals.
The New York-based brokerage, led by founder and CEO Eddie Shapiro, has a number of listings on its website that are labeled “exclusive,” which state that “This is a Nest Seekers Exclusive Listing.” However, in many cases, the listings belong to another brokerage, have already been sold, or have not been listed by the developer.
The Nest Seekers information is sometimes also posted on Zillow.com, Realtor.com and other websites for the public to see. That means potential buyers are presented with the wrong contact information for a listing and oftentimes price.