Russell W. Galbut

Russell William Galbut (born October 20, 1952) is an American lawyer, CPA, real estate developer and philanthropist. He is the co-founder of Crescent Heights, a real estate development company.[6][7]

Russell W. Galbut
Born
Russell William Galbut[1][2]

(1952-10-20) October 20, 1952[3][4]
Miami Beach, Florida, U.S.[4]
Alma materCornell University
University of Miami School of Law
OccupationLawyer, real estate developer, philanthropist
Spouse(s)Ronalee Eisenberg[4]
Parent(s)Hyman P. Galbut
Bessie Galbut
RelativesBruce Menin (cousin)
Julie Menin (cousin-in-law)
Jared Galbut (nephew)[5]

Early life

Russell W. Galbut was born to a Jewish family in Miami Beach, Florida circa 1953.[8][9][10][11][12] His paternal grandparents, Abraham and Bessie Galbut, settled in Miami Beach in 1931 where they opened a 24-hour drugstore-restaurant which became the go-to place for local politicians.[13][10] His father, Hyman P. Galbut, was an attorney who also served as a captain in the United States Navy,[14] and as a city commissioner.[10] His mother, Bessie Galbut, was a philanthropist; the Bessie M. Galbut Daughters of Israel Mikvah Center in Miami Beach is named in her honor.[14]

Galbut has three brothers: Dr. Robert Galbut, Dr. David Galbut and Abraham Galbut.[14] He is a graduate of Rabbi Alexander S. Gross Hebrew Academy.[15]

In 1974, he graduated from the School of Hotel Administration at Cornell University.[11] In 1980, he received a JD from the University of Miami School of Law, and also earned his CPA certification in Florida.[12][16]

Career

Galbut started his career at Laventhol & Horwath, an accounting firm which went bankrupt in 1990.[11] Meanwhile, he became a real estate developer in Miami where he built apartment buildings and shopping malls.[11] He later built a chain of retirement facilities in South Florida.[11] In 1983, he acquired The Shelborne, a hotel in Miami.[11]

With his cousin Bruce Menin and business partner Sonny Kahn, Galbut co-founded Crescent Heights, a real estate development company, in 1989.[11][13] In Miami Beach, they built The Alexander, The Decoplage, Carriage Club, and The Casablanca.[13] They also built 35,000 residential units across the United States.[13]

Galbut serves on the board of directors of Norwegian Cruise Line,[17] and is a member of the American Arbitration Association.[18]

The Miami Beach Chamber of Commerce awarded Galbut the Champion of Business Award in 2014.[19]

Philanthropy

Galbut serves as the chairman of Colel Chabad, a non-profit organization which runs soup kitchens in Israel.[11] Additionally, he serves on the Board of Trustees of the Simon Wiesenthal Center in Los Angeles, California.[20]

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.[11]

Personal life

Galbut resides in South Beach, a neighborhood of Miami Beach, Florida.[21] His father-in-law is Miami Beach commissioner Sy Eisenberg.[10]

References
  1. https://www.floridabar.org/directories/find-mbr/profile/?num=296015
  2. https://www.martindale.com/miami/florida/russell-william-galbut-814429-a/
  3. Hubbell, Martindale (March 2001). Martindale-Hubbell Law Directory: Florida (Volume 5 - 2001). Martindale-Hubbell. ISBN 9781561604395.
  4. Who's Who, Marquis (December 1985). Who's Who in the South and Southwest. Marquis Who's Who, Inc. ISBN 9780837908199.
  5. "Jared Galbut". Menin Hospitality. Retrieved February 23, 2016.
  6. https://www.marketscreener.com/business-leaders/Russell-Galbut-09W8B4-E/biography/
  7. "Will Miami Beach make a deal with Russell Galbut?". The Real Deal Miami. 2018-04-10. Retrieved 2018-09-05.
  8. Miami Herald: "Bessie Galbut, matriarch of pioneering Miami Beach family, dies at 92" by Howard Cohen February 06, 2015
  9. "Billionaires' Bid Had 1 Condition". COLlive. November 16, 2014.
  10. Semple, Kirk (April 6, 1994). "Hot Properties". Miami New Times. "It was an absolutely amazing day!" reiterates the 41-year-old Galbut, putting a final exclamation point on his recollection.
  11. "Russell Galbut '74". School of Hotel Administration. Cornell University. Retrieved February 20, 2016.
  12. "Company Overview of Norwegian Cruise Line Holdings Ltd.: Russell W. Galbut". Bloomberg Business. Retrieved February 20, 2016.
  13. Warech, Jon (May 1, 2015). "The Secrets to the Galbut Family's Success". Ocean Drive Magazine. Retrieved February 20, 2016.
  14. Cohen, Howard (February 6, 2015). "Bessie Galbut, matriarch of pioneering Miami Beach family, dies at 92". Miami Herald. Retrieved February 23, 2016.
  15. "Leadership Spotlight – Russell Galbut". Miami'sCommunity Newspapers. November 22, 2013.
  16. https://sha.cornell.edu/about/deans-welcome/deans-advisory-board/galbut.html
  17. "Board of Directors". Norwegian Cruise Line. Retrieved February 23, 2016.
  18. https://www.bloomberg.com/research/stocks/private/person.asp?personId=11252855&privcapId=4588079
  19. http://mbtc.org/champion-of-business-award/
  20. "SWC Board of Trustees". Simon Wiesenthal Center. Retrieved February 20, 2016.
  21. 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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