Skip to content
The Miami

Inside developer Michael Stern and his Italian investor’s breakup

Inside developer Michael Stern and his Italian investor’s breakup
Photo: The Real Deal · view original

A partnership between developer Michael Stern and Italian investor and entrepreneur Gianluca Vacchi is imploding, newly filed court records show. Stern, founder and CEO of JDS Development Group, teamed up with Vacchi in 2024. They formed a joint venture to invest in a $4 billion pipeline of new deve

Sources and story details