Southeast
Mixed-Use Project Near Miami Faces Foreclosure
South Florida Business JournalWoolbright Development is being hit with a foreclosure suit by Wells Fargo Bank, which provided it a $15.9 million loan against a retail property in a mixed-use project in Jupiter, Fla. The subject of the suit is...
Foreclosure Suit Filed against Fla. Apartment Property
South Florida Business Journal Bank of America has filed to foreclose on an $8 million loan against the 151-unit Pines at Springfield apartment property in Palm Springs, Fla. The loan is securitized via LB-UBS Commercial Mortgage Trust, 2005-C1. It was...
South Fla. Self-Storage Facility Hit with Foreclosure Suit
South Florida Business Journal A foreclosure suit was filed against the owner of the Space Plus self-storage facility in Boynton Beach, Fla. Bank of America filed the suit against Mega Mini Co., which owns the 119,893-square-foot property on 10 acres...
South Fla. Industrial Portfolio Faces Foreclosure
South Florida Business JournalA portfolio of industrial properties in Pompano Beach, Fla., is being targeted for foreclosure. U.S. Bank last month filed a suit against the portfolio's owner, a group that is managed by Michael D. Horsley of RLX Media....
Distribution Center Planned for Suburban Memphis
Memphis Business JournalEarle M. Jorgensen Co., a steel processing company, is planning to increase its presence in the Memphis, Tenn., suburb of Arlington, Tenn. The Lynwood, Calif., company, which already occupies more than 40,000 square feet at 2076 Whitten Road,...
Foreclosure Suit Filed Against Owner of Jacksonville, Fla., Property
Jacksonville Business JournalMassachusetts Mutual Life Insurance Co. has filed a foreclose suit against the owner of a Jacksonville, Fla., retail property that was expected to undergo a $164 million redevelopment. A group calling itself Bailard Sawgrass LLC had wanted to...
Orlando, Fla., Apartments Sold for $43.3Mln
Orlando Business JournalA fund established by TA Associates has paid $43.3 million for The Estates at Park Avenue, a 432-unit apartment complex in Orlando, Fla. An institutional fund related to Epoch Properties Inc. of Winter Park, Fla., sold the property,...
South Fla. Business Center Faces Foreclosure
South Florida Business JournalSunTrust Bank has filed a foreclosure suit against the owner of the Greenwich Business Center in Kendall, Fla. The three-building complex at 13311, 13321 and 13331 S.W. 132nd Ave. was developed by Greenwich Development Group. The Miami...
Nashville Apartment Property Sold
Nashville Business JournalPalatine Capital Partners has bought the Turtle Creek Apartments, a 320-unit complex in Nashville, Tenn. The property at 121 Hickory Trace Road, which was sold for $7 million, had been owned by Turtle Creek Realty Co., but it...
Antioch, Tenn., Apartments Sold
Nashville Business JournalOlympus Property has paid $26.15 million for the 452-unit Overlook Apartment Homes in Antioch, Tenn. G&I Hickory Hollow sold the property at 727 Bell Road, which it acquired in 2005 for $29 million. The property is 94 percent...
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