search

The Real Deal Logo

Trending

Trump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudBank of Southern California puts Neil Shekhter portfolio up for saleBank of Southern California puts Neil Shekhter portfolio up for saleRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlords
South Florida

Office park hit with foreclosure suit

Sign Up for the undefined Newsletter

The Wellington Reserve Office Park in Palm Beach County is facing a foreclosure lawsuit based on its $29 million mortgage originally issued by National Bank in 2007 on the 20-acre property. Centerline Servicing, a special servicer for the Morgan Stanley Capital CMBS fund, which invests in commercial mortgage-backed securities, now owns the mortgage and has filed a suit against owner Ching Enterprises and Shin Ching.