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Riverbend in Fort Lauderdale in foreclosure

February 11, 2011 10:18AM

The Riverbend in Fort Lauderdale, a 17.3-acre planned redevelopment
project, is in foreclosure. Branch Banking & Trust filed a
foreclosure action against Riverbend concerning a mortgage last modified
at $11.7 million. BB&T inherited the loan from the former Colonial
Bank. The developer of the mixed-use project is affiliated with troubled
Amera, which has been involved in more than 10 foreclosures in Broward
County. [SFBJ]