Paul Brinkmann Reporter- South Florida Business Journal June 27, 2013 A subsidiary of American Land Ventures recorded a $48.5 million mortgage on Thursday for a Phase III luxury apartment tower at New River Village in downtown Fort Lauderdale. The financing from Regions Bank as agent and City National Bank as participant are backing construction – already underway – for a […]

Commercial real estate stars shine amid rebound As a section, Heavy Hitters in Commercial Real Estate is fun because each person’s story is a piece of the overall real estate picture from 2012. For South Florida, that picture is improving, with retail, hospitality, industrial and residential rebounding. Even office, one of the market’s hardest-hit sectors, is on the mend, with […]

Oscar Pedro Musibay Reporter- South Florida Business Journal February 27, 2013 It could be a game changing kind of loan – the $160 million bank financing of the ultra-luxury, 79-unit Mansions at Acqualina. What it could mean is that banks have the same kind of confidence in the market that developers have had for more than a year. It could […]

Gala honored Keith and Doreen Koenig for their service to the Museum and community. “The Mercedes-Benz Fort Lauderdale MAD for MODS Gala held Saturday, November 3, 2012, was the Museum’s most successful gala in the event’s history and raised over $500,000 to benefit the Museum of Discovery and Science.” Kim Cavendish – President and CEO, Museum of Discovery and Science […]

By Paul Brinkmann, South Florida Business Journal Gun manufacturer Taurus USA, a subsidiary of Brazil-based Taurus International, acquired Opa Locka-based Heritage Manufacturing. A U.S. subsidiary of Brazil-based Taurus International has acquired local gun-maker Heritage Manufacturing, based in Opa Locka. The acquisition was the latest example in a string of Brazilian investments in South Florida. A spokeswoman for Taurus said the […]

By Paul Brinkmann, South Florida Business Journal Fort Lauderdale developer Bob Moss and his wife, Sandra Moss, are being called before a federal judge to explain why her name is on a $1.25 million promissory note that is the object of a seizure attempt. Lenders are pursuing Bob Moss and his assets over personal guarantees he provided for loans on […]

New litigation turns nasty as countersuit moves forward By Paul Brinkmann, South Florida Business Journal A bitter legal fight has erupted between one of South Florida’s biggest business celebrities, Jeffrey Soffer of the Turnberry companies, and Bruce Weiner, a former CEO of Turnberry Residential LP. The litigation has turned nasty, with Weiner alleging that Soffer siphoned millions of dollars from […]

By Paul Brinkmann, South Florida Business Journal Attorneys for the lender on the stalled Chub Cay Club resort in the Bahamas have succeeded in gaining a charging order against one of Bob Moss’ companies. The order means the company is now held legally responsible for paying a judgment against it, possibly in addition to interest and costs. Moss, owner of […]

By Paul Brinkmann, South Florida Business Journal Prominent mezzanine lender BuilderFinancial Corp. recently won a small victory in its ongoing legal battles against investors and borrowers in South Florida courts. Fort Lauderdale securities attorney Charles Pearlman and the former chairman of Arthur Andersen are part of a group that’s suing a prominent Wharton School alumnus amid the collapse of a […]

By Paul Brinkmann, South Florida Business Journal Attorneys for the lender on the stalled Chub Cay Club resort in the Bahamas are still trying to collect a $24 million judgment against three Fort Lauderdale businessmen who invested in the project. In the most recent action, a Broward County Circuit Court judge approved an effort to include Cheryl Pearson, the widow […]