Fortune

KAR, Fortune Launch Sales of Faena Residences on Miami River

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KAR, Fortune Launch Sales of Faena Residences on Miami River

Clad in his signature all-white suit and matching fedora, Alan Faena stood on the crimson stage –– flanked by his development partners Edgardo Defortuna and Shahab Karmely –– and said their planned Faena Residences towers won’t merely offer condos.  “We are offering happiness,” Faena said at the Saturday night party for the official opening of … Read more

Dr. Phil Tried To File for Chapter 11 Bankruptcy for Media Startup—Despite $460 Million Fortune That Includes $39 Million Property Portfolio

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Dr. Phil Tried To File for Chapter 11 Bankruptcy for Media Startup—Despite $460 Million Fortune That Includes $39 Million Property Portfolio

Television legend Dr. Phil‘s attempt to file for Chapter 11 bankruptcy for his media startup, Merit Street Media, has been denied by a judge, who has ordered that he liquidate the fledgling company. The 75-year-old, whose full name is Phillip Calvin McGraw, filed for Chapter 11 for Merit Street in July, a move that would … Read more