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 by an affiliate of Location Ventures, the defunct Coral Gables-based firm founded by Kapoor in 2016. This month, Andrew Korge’s Miami-based KOR Development canceled a year-old purchase agreement to buy the project and its ground lease for $28.2 million. Bernice Lee, a Miami-based attorney who’s the receiver for Location Ventures and its affiliates, has a back-up buyer lined up, but […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Fly-by-wire: Why AI governance is instrumentation, not insurance
Support starter homes, not looser lending or financial fixes
$20 Million Tennessee Compound Comes with a Music Studio, Helipad—and Its Own Wedding Venue
Frank Lloyd Wright-Inspired Home Tucked Away on 5 Wooded Acres Is Listed for $1.23 Million Near Portland
South Florida Dirt: A timeline of how Mana turned $70M into over $1B
Waterfront ‘Taj Mahal’ on Mississippi’s ‘Secret Coast’ Returns to the Market With $2.5 Million Price Tag
Four Seasons Targets Lake Austin for Its First Residential Complex, Defying Market Softness
How Craftsman Architecture Created a Highly Sought-After Style of Home To Rebel Against Mass Production
What’s next for housing: 7%, 8% or 9% mortgage rates?
REVEALED: All the Celebrities Who Have Flocked to Nashville in Pursuit of a Slower Life—and Fewer Paparazzi
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131