Brightline Miami station retail under court-appointed receivership amid $65M foreclosure
A Miami-Dade County judge appointed a receiver to the retail portion at Brightline’s MiamiCentral station, giving the court-appointed manager control of the property and its rental income as the station’s owner faces a $65 million foreclosure lawsuit. Miami-Dade Circuit Judge Jason E. Dimitris signed the order Friday appointing Mike Nevins of Cushman & Wakefield U.S. as receiver for the retail concourse at MiamiCentral. The order stems from an emergency motion filed by U.S. Bank Trust Company on behalf of the lender groups that filed a foreclosure lawsuit July 31 against Brightline Investment Holdings LLC and property manager FECI Realty over […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
The silent failure mode: What happens when your AI model quietly gets worse
How agents can vet a referral partner: 10 questions to ask before signing
The examiner never called
Before you say no: 5 borrower scenarios modern LOs can’t afford to miss
Why default servicing breaks at the handoffs
This under-the-radar region is having a 'quiet wine' boom. Here's why
Senate Bill Would Give First-Time Homebuyers Up to $50K—but It Faces Uphill Battle in Congress
Unison faces another class-action lawsuit, this time in North Carolina
Thor Equities, bullish on office, picks up Boca Raton building for $62M
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131