Catalfumo loses $41M judgment

Palm Beach County developer Daniel Catalfumo has lost a $40.9 million judgment to Fort
Lauderdale-based BankAtlantic, which won an action against Catalfumo,
PGA Flyover Corporate Park and PGA Transportation Oriented Development.
The suit involved a loan guarantee by Catalfumo, but not a foreclosure
against the properties securing the loan, which include a building at
4290 Design Center Drive and a vacant site at 11200 RCA Center Drive,
both of which are in Palm Beach Gardens. Catalfumo has experienced a
series of legal problems of late, including a foreclosure action on
another site in Palm Beach Gardens. [SFBJ]