The Real Deal Miami

Talbott, Infinity II projects enmeshed in foreclosure

October 07, 2009 03:32PM

High-profile Boca Raton developer Gregory Talbott has lost another property to foreclosure in a $4.5 million judgment as his spiral of defaults continues. The property, which is located at 390 E. Palmetto Park Road in Boca Raton, will be auctioned Nov. 12. Meanwhile, SMA Partners, a Coral Gables lender, filed a $6.4 million foreclosure suit against the planned Infinity II Lofts in Miami. Corus Bank assigned the $12 million mortgage to SMA before it failed last month. [SFBJ] and [SFBJ]