Thomas Kramer loses waterfront Star Island homes to winning $40M bid

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5 Star Island and Thomas Kramer

South Beach developer Thomas Kramer has lost his party homes. Kramer’s lenders submitted the winning $40 million bid for his Star Island mansions on Tuesday. Verena von Mitschke-Collande and Claudia Miller-Otto won the auction for the adjacent properties at 4 and 5 Star Island Drive,

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