Forman Capital seeks foreclosure of dev site in Miami’s A&E District
Forman Capital is seeking to foreclose on a development site slated for a condo-hotel in Miami’s Art & Entertainment District over an alleged $8.3 million loan default. The project was being managed by developer Dan Kodsi, but he and the borrowers’ attorney Joseph Pardo told The Real Deal he is no longer involved. On Sept. 5, an affiliate of Delray Beach-based Forman Capital, led by Brett Forman and Ben Jacobson, sued two entities that own a 0.5-acre assemblage at 1317-1352 North Miami Avenue where the Miami-based developer planned a 30-story condo-hotel. The foreclosure complaint, filed in Miami-Dade Circuit Court, alleges […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
To Flip or Rent Out: What’s a Better Return on a Fixer-Upper Right Now?
Mississippi among slowest markets as gap with U.S. widens
CFO Kevin Ryan to retire from Better, will join PennyMac as chief strategy officer
Tech Pulse: Agent AI adoption remains slow; title fraud thwarted in Ohio
Government Shutdown Threatens D.C. Housing Market Already Rattled by DOGE Cuts
A Branch Falls in Brooklyn: Who Pays if a City Tree Damages Your Property?
Government Shutdown Adds Uncertainty to Housing Market as Mortgage Rates Tick Up Again
Georgia metros show sharp divide in days on market
Treo lands $132M refi for VOX UM student housing near UM
Tishman Speyer pays $125M for 270-unit apartment complex in Boca Raton
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131