UPDATED, June 5, 1:10 p.m.: Douglas Elliman chief Howard Lorber paid $12 million for a waterfront home in Miami Beach, less than a week after investors rejected his and other top executives’ compensation from 2019. Lorber closed on the house on Tuesday. The previous week, a majority of investors at Elliman parent Vector Group rejected executives’ pay, including the $11.7 million that Lorber took home last year. JP Investments I, a company managed by attorney
source https://therealdeal.com/2020/06/05/lorber-picks-up-12m-waterfront-miami-beach-house/
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