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Tommy Mattola, Thalia Buys Miami Beach House from Adam Wyden


Tommy Mottola and Thalía with an aerial view of 31 La Gorce Circle (Getty)
A hedge fund manager’s investment in a La Gorce Island teardown in Miami Beach appears to have paid off.
Adam Wyden, who heads his investment firm ADW Capital, and his wife Allison, sold their home at 31 La Gorce Circle for $5.5 million to music executive Tommy Mottola and his wife, Mexican singer and actress Thalía,
The Real Deal has learned. The Wydens bought the house in December for $4.2 million.
Mottola, chairman of Mottola Media Group and former chairman and CEO of Sony Music Entertainment, and Thalía recently flipped their oceanfront condo at the Four Seasons Residences at The Surf Club for $10.4 million, $2.4 million more than their purchase price less than a year ago. ....

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More out-of-town financial execs spend millions on Miami Beach houses. Yes, more


More out-of-town financial execs spend millions on Miami Beach houses. Yes, more
Rebecca San Juan, The Miami Herald
Feb. 1 Two more financial executives bought houses in Miami last week, proving that the inbound migration of investors is far from over.
Byron Roth, chairperson and CEO of the California-based investment banking company Roth Capital Partners, and Jason Wright, partner at the New York-headquartered Apax Partners, bought houses in Miami Beach, as reported in the South Florida Business Journal and The Real Deal, respectively.
Roth bought the two-story waterfront home of former TV producer Douglas Cramer and artist Hubert Bush III on La Gorce Island for $23 million. Cramer produced The Brady Bunch and Star Trek. The house has four bedrooms, five bathrooms and two half bathrooms. Prior to Cramer, the house was owned by the late famed attorney Dan Paul. ....

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