Defaults, special servicing, foreclosures, note sales, auctions, workouts, and the redevelopment sites they create, in South Florida, aging and unsafe condos are a standing pipeline.
The data center loan sits inside CRED iQ's industrial bucket, and its maturity default is a repricing signal for anyone underwriting hyperscale demand as a sure thing.
Court testimony puts the once-billion-dollar portfolio underwater, but Miami-Dade records show a Chetrit entity still on the deed at Flow on the River.
The firm bought the Old Post Office ground lease for $375 million in 2022 with $285 million in floating-rate debt, then lost it two years later.
A fully-leased, credit-tenant office tower is headed toward default anyway, and that tells sponsors where the real risk sits.
A 106-key Broward Hampton Inn sold for $9.75M, about $1.7M under its 2015 price, a fresh below-basis comp for pricing distressed SoFla hotel assets.
Justice Andrew Borrok's temporary order buys Penn-Florida time on the Mandarin Oriental Boca Raton condo tower, but the underlying mortgage foreclosure keeps running in Palm Beach County.
A New York countersuit accuses Madison Realty of installing an inexperienced decision maker and ordering vendors starved, raising the stakes on lender control of branded-condo construction.
The most photographed failed project in America finally has a buyer. Graffiti removal starts within 30 days.
An enforcement action over an unregistered REIT offering leaves a 300-property portfolio inside a bankruptcy estate, not the open market.
