Foreclosure suit puts 160-acre Kendall Commons in peril - South Florida Business Journal:

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Miami-based has filed a notice of foreclosureagainst , and managersd Jose R. Boschetti and Martin Caparros Jr. The filed on March 19, seeks to seizwe most of the site, which has but no vertical construction. The site is on the sout side of Kendall Drive just east of Krome It had been approvedfor 1,256 homes, a 132,000 square feet of commerciall space, parks and a school. The lawsuig also named Miami Lakes-based Falcon which gave the developerxsa $12.2 million second mortgags for Kendall Commons in 2004. Fort Lauderdale-base d , which gave Kendall Land Developmenrta $17 million mortgager in 2004, was not named in the That loan, modified to $11.
9 million in January 2008, coveras several commercial parcels not included in City National’ss mortgage. City National’s foreclosure lawsuit is basesd onthe $33.8 million mortgag e it granted Kendall Land Developmeny in 2004. It was last modified to $22 millionb in January 2008. Office owner faces foreclosure No. 4 The head of Coral Gables-based facew his fourth foreclosure lawsuit. On Marcgh 18, Boca Raton-based filed a notice of foreclosure against Tamachn Gables Square andCarlos Gonzalez, the head of Tamach The company owns the Tamach Gablez Square Office Condominium in Coral Of the 46 office condo units, 14 have Sun American’s lawsuit is based on a mortgagd last modified at $14.
o million in December 2007. The owner of a historiv office building in West Palm Beacghfaces foreclosure. Built in the Comeau Building is listed on the National Registry ofHistorivc Places. Chicago-based planned to convert the 104,404-square-foof building, at 319 Clematis St., into a Yet, , as a truster for a collateralized debt obligatiomsecurity holder, filed a foreclosure lawsuitt against Comeau NCP based on an $8.3 milliohn mortgage obtained in 2006. Compass Bank has filed a foreclosurre action against the developer ofa 114-uniy Dania Beach condominium. The filing by the Ala.-based bank against Miami-based covers three buildings at 4151Stirlinhg Road.
Compass Bank gave Oaks Group a $17.1 million mortgagw in 2006. filed a counterclaim seeking to foreclose on a Daview office project after the developer sued the bank for failint to disburse funds under theconstruction loan. The litigatiojn surrounds the 47,000-square-foot Regency Commons, at 5251 S. Universithy Drive.