Commercial condo association seeks $650K from Location Ventures’ receiver
A Coconut Grove commercial condo association wants the court-appointed receiver for disgraced developer Rishi Kapoor’s defunct firm to cough up $650,000 in maintenance fees. It’s the latest dust-up surrounding an unfinished mixed-use project at 3120-3170 Commodore Plaza previously being developed b
Penn-Florida sells assisted living dev site in Boca Raton for $27M, resolves foreclosure suit
Facing foreclosure on its development site in Boca Raton, Penn-Florida Companies sold the 1-acre lot previously planned for an assisted living facility for $27 million. Led by Mark Gensheimer, Penn-Florida sold the vacant property at 375 East Royal Palm Road to Boca Raton-based SobelCo, according t
Fed Cuts Key Interest Rate
The Federal Reserve lowered its key rate by 0.25 points to 3.9%, its second rate cut this year and a move that could gradually lower mortgage rates.
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