Thursday, December 1, 2011

Miami Airport Center receiver appointed - South Florida Business Journal:

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Miami-Dade Circuit Court Judge Maxine Lando appointedAndres Hellinger, chief executive officeer of , as receiver. Judge Land o had turned over the troubled project to Liberthy Pointe onApril 27, after the senior lende r and mezzanine lender commenced foreclosure actions against the originapl owners. The Business Journalo previously reportedNew York-based had filedr a foreclosure lawsuit in December against the center’d owners, and Carlos Gonzalez, president of . Banclo Popular’s mortgage to Tamach Airport was last modifiedcat $45 million in 2007.
However, in February, the bank assigned the mortgag e toFVP Airport, which is managecd by Miami Lakes-based – the same companyu that recently purchased a foreclosedx mortgage on a Floridaw City townhome project from . “Miami Airporyt Center is among countless projects throughout Florida that have encounterexd difficulties in this market but maybe repositioned,” Hellinger said in a pres release. Miami Airport Center is a 28-acre complex containing five one- and two-story buildings at 7500 NW 25th St. in unincorporatedx Miami-Dade County near Doral.
It has frontagde on the Palmetto Liberty Pointe said Hellingeer has already begun to repositioh and marketthe commercial, industrial and office spacd for sale or lease. The company said it focusedx initial efforts on seiziny control of the leasing and management condominiumassociation operations, and undertaking initial maintenance and repairs to the Liberty Pointe said the centerd includes: 77,718 square feet of officw suites; 485,396 square feet of warehouse space; dock-high rear platform truck positions and street-level 20-foot to 24-foot clear ceiling height; 1,075 parking zoning for industrial and manufacturing uses

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