Opera Tower, LLC & Tibor Hollo Sues Me for $25M

January 29, 2008

As some of you may already know, my employment at EWM Realtors was terminated this afternoon. The Miami Herald published a story this evening on their website revealing that developer Tibor Hollo of Opera Tower has sued EWM, and myself, for $25M.

The interesting thing about this case is that I did not have my license hung with EWM when I wrote that post. In my opinion, Tibor Hollo and Opera Tower, LLC are coming after EWM because their parent company is owned by Warren Buffett’s Berkshire Hathaway. I have no ill feelings against EWM. I fully understand their position on the situation, given that they are owned by a much larger entity.

The reason why I wrote the post is because I was receiving a lot of phone calls from contract holders at Opera Tower telling me that they had no intention on closing on their condos. In my opinion, a blog is a vehicle to share opinions, thoughts and concerns. I was merely sharing these concerns with potential buyers and contract holders. About three weeks ago, a local newspaper disclosed a story about a class-action lawsuit against the developer filed by contract holders wanting to get out. This topic was an area of concern, and one that I felt needed to be addressed to my readers.

I had no malicious intent against Tibor Hollo nor the condo development. I was merely sharing my opinion with the readers of my Miami real estate blog and the concerns of current contract holders. I see myself as a real estate agent on the street that is sharing the concerns and opinions of others.