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South Florida

PGA Commons 1 in Palm Beach Gardens loses $8.7 million foreclosure suit

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Palm Beach Gardens’ PGA Commons 1, an open-air retail center, is set for auction this October after losing an $8.7 million foreclosure case, the South Florida Business Journal reported. LBUBS 2003 C8 PBG Retail, representing a commercial mortgage-backed securities trust, brought the case against the 4-acre property, located at 5540 PGA Boulevard, over a delinquent $6.8 million mortgage, plus fees and interest. The property is composed of two buildings totaling 40,600 square feet. [SFBJ] – Christopher Cameron

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ForeclosuresPalm Beach Gardens