Lender moves to foreclose on JDS affiliate’s Mercedes-Benz Miami project
Days after taking over the loan backing the Mercedes-Benz Places condo project, Cottonwood Group filed a foreclosure lawsuit against the developer, affiliates of Michael Stern’s JDS Development Group. Maxim Credit Group provided the original $85 million loan in July 2015. It matured in late 2023, b
Astor pivots to for-sale condos in Little Havana amid rental slump
Henry Torres’ Astor Companies is pivoting its planned Little Havana apartment project to condos. The developer secured a $36 million construction loan in September for the eight-story, 179-unit Havana Enclave complex planned at 315 Northwest 27th Avenue. Six months later, Torres is launching sales,
Brian Tuttle accused of trying to “sabotage” $60M Main Street bankruptcy sale
Brian Tuttle is trying to “sabotage” a $60 million bankruptcy sale of his distressed Main Street development site in Royal Palm Beach, a lawsuit alleges. Concord Wilshire Capital is in line to purchase the site and says it was working to close the deal within all deadlines. But Tuttle “conspired” t
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