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The boys of Miami beach-based Hudson Capital LLC scoff at the notion you should never go into business with family or friends.
The principles of the real estate development firm--Eric B. Galbut, 28, Seth Frohlich, 35, and brothers Andrew Greenbaum, 33, and Neil Greenbaum, 37--have been friends since childhood. Between attending synagogue together on Miami Beach and summer camps together in New York's Adirondack Mountains, the men have kept in close contact.
By early 2004, they decided to combine their professional talents to form Hudson Capital. Galbut handles property operations; Andrew Greenbaum is responsible for negotiating property deals; Frohlich gets funding for projects; and Neil Greenbaum, an attorney, makes sure any acquisitions pass legal muster.
"We met with the Greenbaum brothers and decided together to take an adventure in condo conversions," Galbut says. "Since then, we've been aggressively acquiring."
Even as they close multi-million dollar deals, the environment at the firm's office can get pretty hairy.