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Tag: Foreclosures

More South Florida distress: Brickell commercial condo owner’s bankruptcy filing delays foreclosure sale
Business

More South Florida distress: Brickell commercial condo owner’s bankruptcy filing delays foreclosure sale

March 13, 2025March 13, 2025

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. 

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Collins Avenue retail storefront targeted in M foreclosure
Business

Collins Avenue retail storefront targeted in $6M foreclosure

March 12, 2025March 12, 2025

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

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Only in America! Don King slapped with foreclosure lawsuit alleging M default
Business

Only in America! Don King slapped with foreclosure lawsuit alleging $5M default

March 11, 2025March 11, 2025

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

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Fraud accusations fly in Miami waterfront dev site foreclosure suit
Business

Fraud accusations fly in Miami waterfront dev site foreclosure suit

March 4, 2025March 4, 2025

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

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Foreclosure woes worsen for Raoul Thomas’ CGI Merchant Group
Business

Foreclosure woes worsen for Raoul Thomas’ CGI Merchant Group

February 28, 2025February 28, 2025

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

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Nightingale’s lender takes over Miami Beach building tied to Elie Schwartz scandal
Business

Nightingale’s lender takes over Miami Beach building tied to Elie Schwartz scandal

February 27, 2025February 27, 2025

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

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Aby Rosen pulls another office building back from the brink
Business

Aby Rosen pulls another office building back from the brink

February 24, 2025February 24, 2025

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

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Self-storage facility owner backed by Easton faces M foreclosure
Business

Self-storage facility owner backed by Easton faces $22M foreclosure

February 21, 2025February 21, 2025

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

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Coastline hit with .8M foreclosure on Hallandale Beach dev site, as South Florida debt woes continue
Business

Coastline hit with $5.8M foreclosure on Hallandale Beach dev site, as South Florida debt woes continue

February 19, 2025February 19, 2025

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

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Poof! Judge dismisses foreclosure lawsuit against Masoud Shojaee 
Business

Poof! Judge dismisses foreclosure lawsuit against Masoud Shojaee 

February 6, 2025February 6, 2025

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

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