(This story, in slightly different form, originally appeared in ALM’s Daily Business Review.)

MIAMI-In the latest sign of Jorge Perez’s downsizing, his Related Group is no longer a partner in the Trump Towers luxury condo in Sunny Isles Beach.

“We have no comment other than to confirm we have satisfied The Related Group’s lender obligations, and we have sold the two projects (Trump II and Trump III at Sunny Isles) to former partners in these developments,” Betsy McCoy, Related’s vice president and associate general counsel, said in an e-mail.


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