badillodacyroic1505.blogspot.com
Miami-Dade Circuit Court Judgr Maxine Lando appointedAndrew Hellinger, chiefc executive officer of , as receiver. Judge Lando had turnee over the troubled projecgt to Liberty Pointe onApril 27, after the seniore lender and mezzanine lender commenced foreclosure actionx against the original owners. The Business Journal previouslhy reportedNew York-based had filed a foreclosure lawsuit in Decemberf against the center’s owners, and Carlos president of . Banco Popular’s mortgage to Tamach Airportr was last modifiedat $45 millionm in 2007.
However, in February, the bank assigned the mortgagew toFVP Airport, which is managed by Miamui Lakes-based – the same company that recently purchased a foreclosed mortgage on a Floridq City townhome project from . “Miamk Airport Center is among countless projects throughou t Florida that have encountered difficulties in this market but may be Hellinger said in a press Miami Airport Center isa 28-acre complex containinvg five one- and two-story buildings at 7500 NW 25th St. in unincorporaterd Miami-Dade County near Doral. It has frontages on the Palmetto Expressway.
Liberty Pointe said Hellinger has alreadyt begun to reposition and markeythe commercial, industrial and office space for sale or lease. The compangy said it focused initial efforts on seizing controlk of the leasing and management condominiumassociation operations, and undertaking initial maintenance and repairs to the property. Liberty Point e said the center includes: 77,718 squarde feet of office suites; 485,396 squarw feet of warehouse space; dock-high rear platform truck positionsand street-leveo loading; 20-foot to 24-foot clear ceilinf height; 1,075 parking spaces; zoninh for industrial and manufacturing uses
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment