A three-building bundle of Fort Lauderdale commercial and residential
property, whose owner recently lost a $4.3 million foreclosure suit, is heading to the auction block Feb. 23. The properties are as follows: A 15,204-square-foot
professional services building at 1212 E. Broward Boulevard, purchased for
$2.5 million in 2006; a 2,726-square-foot office building at 105 N.E.
Third Street, bought for $1.1 million in 2005; and a 1,337-square-foot
residential property, at 442 N.E. First Avenue, bought for $285,000 in
2004. Lender 1st National Bank of South
Florida, based in Homestead, foreclosed on the properties, owned by
Glenn Wright
Construction & Development affiliates GW 120 LLC, GW 1212 LLC, Blair
International and managing
member Glenn Wright, in a suit tried in Broward County Circuit
Court.  Wright’s company also lost foreclosure suits
filed by National City Bank and JPMorgan Chase in November and December. [SFBJ]

Former Miami Dolphins quarterback Bernie Kosar, a beloved figure in
Florida football, took a $4.2 million hit from National City Bank in a
judgment against his real estate and restaurant investments. It’s the
latest economic tackle for the former University of Miami and Cleveland
Browns star, who ended his NFL career with the Dolphins in 1996. The
latest legal clash, over an unspecified promissory note, follows
foreclosures on real estate investments in April and May, as well as a
slew of personal tax woes for the Weston resident. [more]