A disgraced Venezuelan ex-banker identified in the Panama Papers joins a growing number of South Florida commercial real estate owners feeling the pinch of distress.
Tag: Foreclosures
Collins Avenue retail storefront targeted in $6M foreclosure
The retail woes along a stretch of Collins Avenue in South Beach have sparked a foreclosure lawsuit against a storefront owner that allegedly owes $5.5
Only in America! Don King slapped with foreclosure lawsuit alleging $5M default
A lender is going toe-to-toe with Don King, alleging the Donald Trump loving boxing promoter defaulted on a $5.3 million mortgage. An affiliate of Miami-based
Fraud accusations fly in Miami waterfront dev site foreclosure suit
A lender is accusing Gomez Development Group and Avenue 4 Partners’ joint venture of engaging in fraud to obtain a $10 million loan. An affiliate
Foreclosure woes worsen for Raoul Thomas’ CGI Merchant Group
Investor Raoul Thomas is having a hard time stemming the collapse of his commercial real estate portfolio. Recently, Thomas’ CGI Merchant Group lost its Coconut
Nightingale’s lender takes over Miami Beach building tied to Elie Schwartz scandal
A lender for Nightingale Properties is the new owner of a Miami Beach building that played a leading role in the downfall of Nightingale CEO
Aby Rosen pulls another office building back from the brink
After a rough close to 2024, Aby Rosen is starting 2025 on a financing hot streak. RFR Holding recapitalized 475 Fifth Avenue in Midtown Manhattan
Self-storage facility owner backed by Easton faces $22M foreclosure
A self-storage facility owner backed by Doral-based Easton Group is in danger of losing a seven-story warehouse in Miami’s Allapattah tied to a $22.1 million
Coastline hit with $5.8M foreclosure on Hallandale Beach dev site, as South Florida debt woes continue
A developer planning a medical office building in Hallandale Beach was hit with a $5.8 million foreclosure suit on the site. The case comes as
Poof! Judge dismisses foreclosure lawsuit against Masoud Shojaee
In one of the shortest lived foreclosure actions, City National Bank of Florida resolved a loan dispute with developer Masoud Shojaee in less than a