The Real Deal Miami

Miami Green office tower foreclosed in $39 million judgment

April 16, 2010 11:59AM

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Miami-Dade County will auction the Miami Green Tower 1 LLC’s
120,000-square-foot building at 3140 SW 38 Avenue on July 14. iStar Tara
won the foreclosure action against Holly last week, with the loan
amount plus interest and fees totaling $38.9 million. The tower was
intended to be Miami’s first LEED-certified office high-rise. Holly’s
real estate holdings have been increasingly in trouble, with this
action the 13th filed against Holly. [SFBJ]

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