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by CareyBot

Lucas Lechuga's Miami Condo Investments blog remains the lifeblood of his business, nearly one year after he and his former employer were hit with a $25 million lawsuit by a developer who said Lechuga defamed him.The lawsuit -- dismissed on Jan. 6 after parties in the case reached separate, confidential settlements -- stemmed from Lechuga's speculation about the prospects for Opera Tower, a 56-story, 635-unit condo project built by a prominent Miami developer, Tibor Hollo. Lechuga predicted that the development, in Miami's downtown Brickell district, was "doomed" and would have a 50 percent default rate. But Hollo said the main impetus for suing Lechuga and his employer, mega-broker Esslinger-Wooten-Maxwell, was an earlier, Nov. 25, 2007, blog post claiming the developer "we...