Massive Palm Beach County tract to hit market as Don King’s jai alai fronton heads to bankruptcy
Don King is bobbing and weaving to avoid foreclosure on a massive Palm Beach County property. An entity linked to the legendary boxing promoter filed for Chapter 11 bankruptcy reorganization last week for the 53-acre jai alai fronton at 1415 45th Street in Magnolia Park, narrowly dodging a court-ordered foreclosure auction, the Palm Beach Post reported. The filing hits the pause button on a Taylor Made Lending affiliate’s $43 million foreclosure lawsuit brought against King, his business entities and DK Arena. The lender secured a final judgment in November after suing for foreclosure a year ago. The site was scheduled […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Texas HOA laws are changing board responsibilities. Here’s how communities can keep up.
When it comes to closing workflow gaps, does one size really fit all?
The hidden data problem costing national builders millions
Oprah Winfrey Returns to Her Former Hometown of Chicago as She Makes Rare Appearance With Partner Stedman Graham
One of Broward’s biggest HOAs sparks backlash over proposed rental restrictions
Homeowners Insurance Premiums in Texas Surged 30% in 5 Years—10 Times Faster Than Incomes
Mario Lopez’s Former Glendale Home Returns to Market for $5.8 Million—With TV Host’s Bold Renovation Pick Still Intact
Small businesses shun retirement plans over cost, complexity fears
Inflation and interest rates are still choking CRE i-sales, excluding industrial
FirstTeam expands in Midwest with new Kansas City office
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131