Lender targets Charles Cohen’s West Palm Beach dev site in $10M foreclosure

Cohen Brothers Realty’s Charles Cohen, cover of foreclosure complaint and aerial of dev site at 850 South Dixie Highway in West Palm Beach A lender is seeking to foreclose on the site of a stalled office project in West Palm Beach by Charles Cohen, adding more woes to the New York-based billionaire developer. On Monday, Union Labor Life Insurance Company sued an affiliate of Cohen’s New York-based Cohen Brothers Realty Corporation in Palm Beach County Circuit Court, according to real estate database Vizzda and court records. The foreclosure complaint alleges the Cohen affiliate defaulted on a $10 million loan issued […]This article originally appeared on The Real Deal. Click here to read the full story.