Real estate 
Second bulk sale for Artech Residences(0)
A second bulk sale of condominiums at the troubled Artech Residences in Aventura highlights the fire sale strategy that’s taking hold among developers. And a decision by mortgage-holders to block the rental of unsold units could be playing a major role in the trend.
The South Florida Business Journal is reporting Aventek LLC has paid $6.3 [...]
Aventura developers hit with foreclosure suit
Six weeks after the Bank of Florida reported over $40 million in delinquent loans had compromised its capitalization ratios, the bank moved against an Aventura group that it says is among the largest of its delinquent borrowers.
Bank of Florida has sued Lantana Plaza Development, seeking to seize the group’s troubled Lake Worth shopping center in [...]
34 condos at 3030 Aventura in $15.4 mil short sale
Faced with a foreclosure lawsuit, the developer of 3030 Aventura Condominium project has sold 34 units in the 45-unit building for $15.4 million, the Condo Vultures LLC is reporting.
The short sale came after Wachovia Bank filed suit against 3030 Associates. Records indicate the mortgage was for $23.5 million after a modification in 2006.
The bulk buyer [...]
Aventura’s Parc Central target of foreclosure suit
Bank of America has sued MCZ/Centrum Developers for $23.5 million in a foreclosure action involving Parc Central in Aventura, the South Florida Business Journal is reporting.
The weekly says the 351-unit Aventura condo project is one of four MCZ/Centrum properties involved in the suit. The bank is seeking to take possession of 64 unsold units at [...]