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Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanGVA sells Georgetown apartments for $25M in “forced sale” GVA sells Georgetown apartments for $25M in “forced sale” Housing deal could rescue Halletts North, other stalled projectsHousing deal could rescue Halletts North, other stalled projects
South Florida

Area officials face foreclosures

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West Palm Beach Commissioner Molly Douglas avoided foreclosure last month by paying off in cash the $194,000 she still owed on her $217,000 home loan. It isn’t the first time she’s faced foreclosure: she lost her Vero Beach home to bankruptcy in 1993. When her home was seized, she owed more than $90,000 on her home loan. Key West Mayor Morgan McPherson, who is also a real estate agent, has two properties in foreclosure, his primary home in Key West and a rental property in Rockland Key. McPherson and his wife owe $646,500 on their Key West home and $555,814 on their rental property. As mayor, McPherson has prioritized affordable housing. TRD