Russell W. Galbut

Russell W. Galbut
Born c. 1954
Miami Beach, Florida, U.S.
Residence South Beach, Miami Beach, Florida, U.S.
Alma mater Cornell University
University of Miami School of Law
Occupation Lawyer, real estate developer, philanthropist
Spouse(s) Ronalee Eisenberg
Parent(s) Hyman P. Galbut
Bessie Galbut
Relatives Bruce Menin (cousin)
Julie Menin (cousin-in-law)
Jared Galbut (nephew)[1]

Russell W. Galbut (born c. 1954) is an American lawyer, real estate developer and philanthropist. He is the co-founder of Crescent Heights, a real estate development company.[2]

Early life

Russell W. Galbut was born to a Jewish family[3][4] in Miami Beach, Florida circa 1954.[5][6] His paternal grandparents, Abraham and Bessie Galbut, settled in Miami Beach in 1931[7] where they opened a 24-hour drugstore-restaurant which became the go-to place for local politicians.[8] His father, Hyman P. Galbut, who was an attorney who also served as a captain in the United States Navy[9] and as a city commissioner.[8] His mother, Bessie Galbut, was a philanthropist; the Bessie M. Galbut Daughters of Israel Mikvah Center in Miami Beach is named in her honor.[9] Galbut has three brothers: Dr. Robert Galbut, Dr. David Galbut and Abraham Galbut.[9] He is a graduate of Rabbi Alexander S. Gross Hebrew Academy.[10]

In 1974, he graduated from the School of Hotel Administration at Cornell University.[5] In 1980, he received a JD from the University of Miami School of Law.[6]

Career

Galbut started his career at Laventhol and Horwath, an accounting firm which went bankrupt in 1990.[5] Meanwhile, he became a real estate developer in Miami where he built apartment buildings and shopping malls.[5] He later built a chain of retirement facilities in South Florida.[5] In 1983, he acquired The Shelborne, a hotel in Miami.[5]

With his cousin Bruce Menin and business partner Sonny Kahn, Galbut co-founded Crescent Heights, a real estate development company, in 1989.[5][7] In Miami Beach, they built "the Alexander, the Decoplage, Carriage Club, and the Casablanca".[7] They also built "35,000 residential units" across the United States.[7] In 1991, he argued that Miami Beach should have topless beaches to attract European tourists.[11]

Galbut serves on the board of directors of Norwegian Cruise Line.[12]

Philanthropy

Galbut serves as the chairman of Colel Chabad, a non-profit organization which runs soup kitchens in Israel.[5] Additionally, he serves on the Board of Trustees of the Simon Wiesenthal Center in Los Angeles, California.[13]

Galbut serves on the Advisory Board of the Center for Real Estate and Finance in the School of Hotel Administration at his alma mater, Cornell University.[5]

Personal life

Galbut resides in South Beach, a neighborhood of Miami Beach, Florida.[14] His father-in-law is Miami Beach commissioner Sy Eisenberg.[8]

References

  1. ↑ "Jared Galbut". Menin Hospitality. Retrieved February 23, 2016.
  2. ↑ "Will Miami Beach make a deal with Russell Galbut?". The Real Deal Miami. 2018-04-10. Retrieved 2018-09-05.
  3. ↑ Miami Herald: "Bessie Galbut, matriarch of pioneering Miami Beach family, dies at 92" by Howard Cohen February 06, 2015
  4. ↑ "Billionaires' Bid Had 1 Condition". COLlive. November 16, 2014.
  5. 1 2 3 4 5 6 7 8 9 "Russell Galbut '74". School of Hotel Administration. Cornell University. Retrieved February 20, 2016.
  6. 1 2 "Company Overview of Norwegian Cruise Line Holdings Ltd.: Russell W. Galbut". Bloomberg Business. Retrieved February 20, 2016.
  7. 1 2 3 4 Warech, Jon (May 1, 2015). "The Secrets to the Galbut Family's Success". Ocean Drive Magazine. Retrieved February 20, 2016.
  8. 1 2 3 Semple, Kirk (April 6, 1994). "Hot Properties". Miami New Times. Retrieved February 27, 2016.
  9. 1 2 3 Cohen, Howard (February 6, 2015). "Bessie Galbut, matriarch of pioneering Miami Beach family, dies at 92". Miami Herald. Retrieved February 23, 2016.
  10. ↑ "Leadership Spotlight – Russell Galbut". Miami'sCommunity Newspapers. November 22, 2013.
  11. ↑ "Topless beaches proposed in Florida". Logansport Pharos-Tribune. Logansport, Indiana. March 18, 1991. p. 43. Retrieved February 24, 2016 – via Newspapers.com. (Registration required (help)).
  12. ↑ "Board of Directors". Norwegian Cruise Line. Retrieved February 23, 2016.
  13. ↑ "SWC Board of Trustees". Simon Wiesenthal Center. Retrieved February 20, 2016.
  14. ↑ McCoy, Terrence (February 14, 2014). "MILLIONAIRE RUSSELL GALBUT BUILDING INSANE MANSION ATOP SOBE PARKING GARAGE". Miami New Times. Retrieved February 23, 2016.
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