South Florida saw a 60.1% drop in the number of properties with foreclosure filings from the same period last year, according to RealtyTrac data released today. The Miami-Fort Lauderdale-Pompano Beach metropolitan area recorded a total of 37,627 properties receiving foreclosure filings in the first six months of this year. Another important information included in RealtyTrac’s [...]
CityPlace, a 756,471-square-foot mixed-use center in West Palm Beach faces foreclosure auction. The owner of the commercial real estate is a New York-based developer Related Companies, Trepp has learned. Data sent to Trepp from LNR partners, the special servicer of the $150 million mortgage shows that payments stopped in April. Trepp analyst Spencer Hollerith believes [...]
Bonaventure Country Club and its two golf courses were hit with a foreclosure lawsuit. Texton Financial Corp., the Weston-based club’s lender filed a lawsuit on July 13 in US District Court for the Southern Disctrict of Florida against Tavor Holdings and its managing member Mordechai Boaziz. The foreclosure lawsuit targets the 36-hole 233-acre golf course [...]
The number of foreclosure actions going through the court system in the area is up in June. This could be a sing that the foreclosure moratorium is over and another wave of foreclosures will fluid the market. There were a total of 1,449 filings in Manatee, Sarasota and Charlotte counties last month, a 46% increase [...]
Miramar Parkway Plaza shopping center – anchored by Winn-Dixie – has been hit by a foreclosure lawsuit. Its lender, FirstBank Puerto Rico filed a lawsuit against the owner of the 155,336 square-foot real estate, Abel Homes from Key Winds, managed by Abel Amador. The lawsuit is based on a mortgage last modified at $16.5 million [...]
The Davie Commons project dreamed by Aventura-based Turnberry Associates as a 2 million square-foot mixed use center, is close to be lost in foreclosure. The project has been in the works since 2007 when an affiliate of Turnberry Associates, Davie Commons Holdings bought the 152.6 acres – now cow pasture – for $11 million and [...]
South Florida bank has filed to foreclose the remaining 167 unsold units in the Paradise at Dadeland condo project in the Miami suburb of Kendall, according to a report from Condo Vultures. The filing comes from a Coral Gables-based institution, Mercantil Commercebank, and targets the project’s owner, Dadeland 88 LLC with Antonio Alonso as manager [...]
Miami-Dade’s housing market is giving strong signs of recovery as it heads to a record in selling more homes and condominiums than ever in its history. The demand is coming from international buyers fueled by the attractive priced inventory. The stats show that the county’s inventory is down more than 60% in the past three [...]
Florida Power & Light Co. is the new owner of the 55-acre site in Palm Beach Gardens. The company paid 26% less than the mortgage the bank used to foreclose on it. The site was seized by the Stuart-based Seacoast National Bank, which foreclosed on the commercial real estate located at the northeast corner of [...]
