Incitatus plays hardball with $1M ruling against Adler, seeks foreclosure on Miami site
Incitatus Real Estate is going hard in its attempt to collect a month-old $1.2 million judgment against Miami-based Adler Group. The New York-based brokerage, led by Alan Ballinger, filed a foreclosure complaint in Miami-Dade Circuit Court Tuesday against an Adler affiliate that owns two development sites at 230 and 300 Southwest Third Street in downtown Miami. Miami-based Adler, led by Michael and David Adler, and Dallas-based Mill Creek Residential last year completed Modera Riverside, a 36-story apartment tower with 345 units and ground-floor retail at 300 Southwest Third Avenue. Incitatus is seeking to seize the adjacent 0.7-acre parcel at 230 […]This article originally appeared on The Real Deal. Click here to read the full story.
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