The Real Deal Miami

Luck of the Irish evades SF real estate

December 13, 2010 11:07PM

European regulators reportedly plan to gradually shut down Anglo Irish
Bank, a Dublin-based bank which has not yet filed a foreclosure in
South Florida but could soon do so. Due to the winding-down process at
the bank, several properties could see their mortgages available for
sale, including the Promenade Condominium in Boynton Beach, funded by a
$117.4 million mortgage; the Office in the Grove, a 105,062-square-foot
building on South Bayshore Drive in Coconut Grove; and a
15,552-square-foot building on Lincoln Road. Several other properties
face similar fates. [SFBJ]