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.
Penn-Florida Companies
Every story on The American Developer that names Penn-Florida Companies, 5 and counting.
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.
A New York judge has already blocked the lender's UCC auction once, with a hearing set for October 1.
Palm Beach County's civil docket shows a fifth-figure sub payment fight layered on top of a nine-figure foreclosure at the same Boca Raton tower.
The county's own parcel record still codes the 1.49-acre site as vacant land, even with a tower standing on it.