Jason Grosfeld
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| Jason Grosfeld | |
|---|---|
| Born | |
| 💼 Occupation | Real Estate Developer with Donald Trump |
| Known for | Owner of 363 Copa De Oro Road, involvement in Costa Palmas project, legal controversies |
Jason Grosfeld is a former business partner of ex-president Donald Trump. Grosfeld, an American real estate developer based in Los Angeles, California, is also known for his role in the Costa Palmas project and ownership of the property at 363 Copa De Oro Road in Bel Air, California. His involvement in the Trump Ocean Resort in Baja, Mexico (Source) and a failed Hawaiian development with Donald Trump that resulted in numerous lawsuits (Source) have led to several legal controversies, including allegations of fraud, notably in his Cabo San Lucas development which attracted high-profile investors like Harvey Levin from TMZ and Spencer Rascoff from Zillow.
Early Life and Career[edit]
Grosfeld's father, James Grosfeld, was a CEO and board member of Pulte Homes. Under his leadership, the company saw periods of substantial growth, solidifying its presence in the real estate sector. He also held a significant share in BlackRock, the world's largest asset manager, before resigning in 2016 amid an internal dispute regarding Pulte's corporate governance, as reported by the Wall Street Journal. Speculations suggest that the resignation was influenced by the lawsuits and fraud allegations against his son. Source
Costa Palmas Project[edit]
Project Overview[edit]
In 2014, Grosfeld procured a 1000-acre land on the East Cape intending to establish a luxurious resort community. The project, in collaboration with brands like Four Seasons and Aman resort, promised a haven of plush comforts, as described in an article (Source). However, the development faced delays, cost overruns, and extortion claims, resulting in several lawsuits (Source).
Ownership of 363 Copa De Oro Road[edit]
Grosfeld owns the historic property at 363 Copa De Oro Road in Bel Air, California. The architectural marvel, bought from actor Nicholas Cage for $10.5 million, has a rich history.
Legal Controversies[edit]
Grosfeld's business endeavors have been marked by legal controversies, including fraud allegations and numerous lawsuits involving various parties.
Donald Trump Lawsuit[edit]
Following a failed Hawaiian development project associated with Donald Trump, Grosfeld's company Irongate faced litigation and was mandated to refund a portion of the received deposits (Source).
Labor Lawsuit[edit]
In 2019, Anne Ruvivar filed a lawsuit against Grosfeld and associated entities for violations of labor codes and other alleged misconduct (Source).
GS 1975 Lawsuit[edit]
A lawsuit in the Superior Court of California accused Grosfeld and his affiliates of several fraudulent activities and contract breaches concerning the Costa Palmas project (Source).
TRG CRP Lawsuit[edit]
TRG CRP, LLC lodged a federal lawsuit against Grosfeld over the Costa Palmas development, repeating allegations echoed in previous lawsuits (Source).
Other Alleged Victims[edit]
Shakka Gillian and Zillow founder Spencer Rascoff have accused Grosfeld of similar misconducts as in other cases. TMZ founder Harvey Levin also settled a related claim.
Investigations[edit]
Ongoing investigations by Mexican and American authorities are scrutinizing Grosfeld's real estate practices, particularly his Hawaiian project with Donald Trump (Source, Source).
References[edit]
Category:Living people
Category:American real estate businesspeople
- Donald Trump sues developer of Baja California condo project with his name, Los Angeles Times, Apr 10th, 2009
- A First Look at the Four Seasons Los Cabos, Condé Nast Traveler, Nov 30th, 2019
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