The Real Deal Miami

Opera Place in foreclosure

May 23, 2011 09:29AM

Following an auction concerning unpaid commissions at the unfinished
Opera Place condominium project in West Palm Beach, the two-tower,
550-unit complex is now in foreclosure. The suit was filed by Cyma
Finance on a $13.9 million mortgage. The complaint names Timothy Harris
and Hope Lyons Caroselli, two brokers who won title to the property in
last week’s auction after winning a $440,000 judgment against Opera
Place for unpaid commissions. [SFBJ]