The Real Deal Miami

Talbott’s in trouble

September 02, 2008 01:26PM

Foreclosure proceedings could dethrone Boca Raton land king Gregory Talbott, who now faces lawsuits for $47 million from Fifth Third Bank. The litigation seeks to take his properties in Broward and Palm Beach counties, including prime downtown Boca Raton land, plus Talbott’s 11,800-square-foot estate on the Intracoastal in Boca. Talbott is the second-largest owner of commercial property in Boca, and says the litigation isn’t unexpected. He called it a counterclaim to his $180 million suit against the Cincinnati bank, which he filed in March.