The Real Deal Miami

Ross gets loan mod on CityPlace

December 23, 2011 09:39AM


CityPlace

Miami Dolphins owner Stephen Ross has negotiated a loan modification on
the CityPlace mixed-use development in West Palm Beach, following a
foreclosure by Miami Beach-based special servicer LNR Partners,
according to the South Florida Business Journal. While complete terms
were not disclosed, the deal likely lowers the monthly payments on the
loan. CityPlace is the largest delinquent commercial loan in South
Florida. [SFBJ]