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South Florida

Foreclosure filed on Davie office complex

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PNC Bank, a subsidiary of Pittsburgh-based PNC Financial Services Group, has filed to foreclose on the Flamingo Commons Office Park in Davie. The seven-building, 73,499-square-foot complex at 4351 S.W. 124th Avenue was built in 2003 and has a mortgage which was last modified at $13 million in 2007. The office vacancy rate for Broward County exceeded 14 percent in the third quarter, according to Colliers Abood Wood-Fay. [SFBJ]

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