Bankrupt Miami Hospital Gets OK For Ch. 11 Auction Plans

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Bankrupt Miami Hospital Gets OK For Ch. 11 Auction Plans

A shuttered Miami hospital in Chapter 11 stayed on track to be sold in auction in late June when a Florida bankruptcy judge gave her blessing to the sale process Monday after approving a settlement the parties reached to resolve objections from the unsecured creditors committee.

Posted in In the News, Peter D. Russin - In the news

Arena Capital sells two retail buildings in Hialeah

Miami-based Arena Capital just sold two of its retail buildings in Hialeah for a total of $7.65 million.

Posted in Bryan Vega - In the news, In the News, Mark S. Meland - In the News

Miami hospital files Chapter 11 with $67M in debt

Miami International Medical Center LLC, which ran the recently closed Miami Medical Center, has filed Chapter 11 while listing $31.4 million in assets versus $67.3 million in liabilities.

Posted in In the News, Peter D. Russin - In the news

End to Government Shutdown Avoids Risk of Home Sale Delays

U.S. Senate progress Monday to end the federal government shutdown was good news for federal employees facing furloughs as well as home buyers facing dragged-out deals.

Posted in In the News, Mark S. Meland - In the News

Meland Russin Closes $7.5 Million Palm Beach County Bulk Condo Buy

Meland, Russin & Budwick partner Mark Meland closed the $7.5 million purchase of some of the units at a condominium west of Delray Beach. New York-based multifamily property investor ESG Kullen bought 93 of the 275 units at the Murano of Delray Beach at 15005 Michelangelo Blvd. southwest of Atlantic Avenue and Jog Road.

Posted in In the News, Mark S. Meland - In the News

ESG Kullen does bulk condo buy in Delray Beach

ESG Kullen just closed on a bulk condo deal in Delray Beach, and plans to immediately renovate and sell them off individually.

Posted in In the News, Mark S. Meland - In the News

Billionaire, fund manager buy Coconut Grove properties out of bankruptcy

A company managed by billionaire insurance magnate William R. Berkley and equity fund manager Bruce Berkowitz acquired a collection of properties in Miami’s Coconut Grove at bankruptcy auction for $5.4 million.

Posted in Daniel N. Gonzalez - In the news, In the News, Peter D. Russin - In the news

The buyers of six key lots in West Grove aren’t so mysterious after all

The “mystery” buyers who won six sought after West Coconut Grove lots in U.S. bankruptcy court are not so mysterious after all: They are well known Miami financial figures Bruce Berkowitz and Bill Mahone.

Posted in Daniel N. Gonzalez - In the news, In the News, Peter D. Russin - In the news

Bruce Berkowitz and billionaire W.R. Berkley buy Coconut Grove site

A company led by billionaire William Berkley and Bruce Berkowitz of Fairholme Holdings just picked up pieces of an assemblage in west Coconut Grove.

Posted in Daniel N. Gonzalez - In the news, In the News, Peter D. Russin - In the news

Revealed: Buyers of 6 Coconut Grove Properties in Bankruptcy Sale

The $5.4 million purchase of six lots along Miami’s Grand Avenue is the latest development for a storied stretch that’s been mired in lawsuits, including a bankruptcy filing, and is home to dilapidated buildings and vacant parcels.

Posted in Daniel N. Gonzalez - In the news, In the News, Peter D. Russin - In the news