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Tag: UCC Foreclosures

Nick of time: Penn-Florida files bankruptcy on Boca Raton Via Mizner apartments, dodging 5M UCC auction
Business

Nick of time: Penn-Florida files bankruptcy on Boca Raton Via Mizner apartments, dodging $145M UCC auction

January 16, 2025January 16, 2025

An affiliate of Penn-Florida Companies filed bankruptcy on its 101 Via Mizner apartment building in Boca Raton, warding off a foreclosure auction over a $145

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Downtown Miami Holiday Inn hit with M UCC foreclosure, as debt woes pop up in South Florida
Business

Downtown Miami Holiday Inn hit with $70M UCC foreclosure, as debt woes pop up in South Florida

December 11, 2024December 11, 2024

The Holiday Inn Port of Miami-Downtown is headed to a foreclosure auction.  Lender Cirrus Real Estate Partners filed a Uniform Commercial Code foreclosure against the

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CGI Merchant hit with M UCC foreclosure on Coral Gables office building, its fourth distressed asset 
Business

CGI Merchant hit with $49M UCC foreclosure on Coral Gables office building, its fourth distressed asset 

December 5, 2024December 5, 2024

Raoul Thomas is having a rough year.  After losing two of his marquee hotels to lenders and facing an auction of a Miami Beach hotel,

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Penn-Florida hit with 5M UCC foreclosure on Boca Raton’s Via Mizner, as South Florida multifamily debt woes grow
Business

Penn-Florida hit with $195M UCC foreclosure on Boca Raton’s Via Mizner, as South Florida multifamily debt woes grow

December 4, 2024December 4, 2024

Penn-Florida Companies could lose its 101 Via Mizner apartment building in Boca Raton to foreclosure over its alleged failure to pay off a $195 million

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Chetrit avoids foreclosure of Hollywood, Pompano Beach projects
Business

Chetrit avoids foreclosure of Hollywood, Pompano Beach projects

November 18, 2024November 18, 2024

Joe and Jacob Chetrit refinanced their massive Hollywood Beach and Pompano Beach projects, staving off a foreclosure attempt by Madison Realty Capital. Madison had launched

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CGI Merchant loses downtown Miami Gabriel hotel in UCC auction
Business

CGI Merchant loses downtown Miami Gabriel hotel in UCC auction

August 9, 2024August 9, 2024

CGI Merchant Group lost its downtown Miami hotel in a UCC auction, marking the second time this week the firm parted with one of its

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