Related Companies affiliate bids $32M for Palm House Hotel amid SEC fraud allegations and EB‑5 investor claims

Related Companies affiliate bids $32M for Palm House Hotel amid SEC fraud allegations and EB‑5 investor claims The passage links a high‑profile real‑estate developer (Stephen Ross/Related Companies) to a bankruptcy auction of a troubled condo‑hotel that is under SEC fraud investigation and involves EB‑5 foreign investor funds. It provides concrete details-bid amount, auction date, parties involved-enabling follow‑up on the SEC case, the EB‑5 financing structure, and potential conflicts of interest. However, the information is largely public filing data and does not reveal new wrongdoing, so the lead is moderate rather than blockbuster. Key insights: Related Companies affiliate RREF II PALM HOUSE LLC is the stalking‑horse bidder at $32 M.; Auction scheduled for Nov 16, 2018 with floor price $32.5 M.; Former developer faces SEC fraud allegations tied to EB‑5 investors.