Distress & Opportunity / South Florida / Source Briefing
Alirio Torrealba's MG Developer has listed its entitled Metro Station II site in Hialeah with Cushman & Wakefield, price undisclosed, as lender suits pile up.
Oct 6
SAGA 01 / UPDATING · 6 filings covereds
MG Developer: The Creditor Lawsuits
MG Developer and Alirio Torrealba have been sued repeatedly by their own creditors across Coral Gables and North Bay Village. Every filing, in order, updated as each one lands.
MG Developer, the Coral Gables firm led by Alirio Torrealba, has been sued repeatedly by the contractors, suppliers and lenders who worked on its projects. Each suit is a matter of public record, and together they describe a pattern that no single filing shows on its own.
This page is the running record: every complaint, the amount claimed, the project it attaches to, and the date it was filed. We add to it as new filings appear rather than writing the same story twice.
We report what the filings say and attribute every claim to the document. A complaint is an allegation, not a finding.
The record, in order
- MG Developer's Torrealba Sued Four Times Over Coral Gables Debt
- MG Developer Faces Six Lawsuits Over North Bay Village, Gables Debt
- Timeline: MG Developer and the Coral Gables Creditor Lawsuits
- Torrealba's MG Developer Sells North Bay Village Stake to Prosper
- Lenders Move to Retake 347-Unit Hialeah Tower Over $31.1M Default
- MG Developer Lists Hialeah Metro Station II Site as Suits Mount
Latest first
Distress & Opportunity / South Florida / Source Briefing
Slate Property Group and Carlyle sued to foreclose on Metro Parc South, a 10-story, 347-unit Hialeah project, alleging a $31.1M default on a $105M loan.
Sep 29
Distress & Opportunity / South Florida / Source Briefing
The eighth creditor suit against MG Developer surfaced the sale price for the North Bay Village site, as Alirio Torrealba's firm exits its own condo project.
Sep 17
Distress & Opportunity / South Florida / Source Briefing
A dated recap of every creditor lawsuit filed against Alirio Torrealba's Coral Gables firm since mid-August, with the running total claimed.
Sep 16
Distress & Opportunity / South Florida / Source Briefing
VFI Capital, tied to the Galleria Farms family, says Alirio Torrealba personally guaranteed loans on MG NBV in North Bay Village and a Coral Gables townhome project.
Aug 26
Distress & Opportunity / South Florida / Source Briefing
MFD International and Yosse LLC say MG defaulted on a $2.2M preferred-equity stake and loans tied to a Coral Gables project and a Miami airport hotel.
Aug 22
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Frequently asked
- How many lawsuits have been filed?
- The count is updated on this page as each new complaint is filed. Every entry links to the filing it is drawn from.
- Does a lawsuit mean the developer did something wrong?
- No. A complaint is an allegation. We report what the filings claim and attribute every figure to the document; nothing here is a finding of liability.