Developer Michael Shvo forced to sell Miami’s iconic Raleigh Hotel

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Michael Shvo, the once-high-flying New York developer, crashed to Earth on glam South Beach, Miami, boulevard Collins Avenue. Shvo was forced to unload the iconic Raleigh Hotel to Nahla Capital for $270 million this month, Bloomberg first reported. The project was beset by slow condo sales, stalled construction and a looming, $190 million mortgage payment. […]


Funeral Homes Are Forced to Innovate as Consumer Preferences Shift

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“Making It Work” is a series about small-business owners striving to endure hard times. When a young hunter died, Lanae Strovers didn’t plan a funeral service with organ music and the Lord’s Prayer. After Ms. Strovers, a director at Hamilton’s Funeral Home in Des Moines, Iowa, heard the man’s family wish for one last hunt […]


California restaurant Lima sued over ‘Ladies Night’ forced to close

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A popular restaurant in California’s Bay Area is shutting its doors after settling a costly discrimination lawsuit — over its ‘Ladies Night’ promotion. Lima Restaurant — a family-run Peruvian eatery in Concord, Calif., about 20 miles outside of Oakland — told patrons it will serve its final meal on New Year’s Eve because of the […]