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Michael Stern Exits Casablanca Stake | Real Estate News
Michael Stern just sold his stake in Miami Beach’s iconic Casablanca condo-hotel — a 1948 landmark known for its statues and short-term rentals — to Activate Hospitality, which is buying out the entire property. For $2.8 million, Activate snagged 33 units and now controls nearly 150, even snapping up a synagogue space inside the complex after a legal battle. This isn’t Stern’s first exit: last year he handed off another project to David Martin after securing a major zoning win. Meanwhile, Stern’s other ventures — including Mercedes-Benz Places and a Dolce & Gabbana tower — are in legal limbo…
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