Sunday, November 21, 2010

Ceebraid-Signal faces foreclosure on 314-unit apartment - Washington Business Journal:

http://myfinanceinfo.com/krasnodar-between-holiday-making-and-entertainments.htm
This is the second pendingg foreclosure action in South Florida for the which has more than 50 yearxs of experience buildingin Florida, New Connecticut and Georgia. , acting as a trustee for a clases ofcommercial mortgage-backed securities issuesd by , filed the foreclosure lawsuit on May 21 agains CSC Village Club Apartments and Ceebraid-Signal President Adam Schlesinger, Jasomn Schlesinger and Leslie according to Palm Beach County Circuitr Court records. The 238,890-square-foot apartmeny complex is on 8.6 acres, at 550 Purdy Lane, in Palm east of Military Trail and south of ForestyHill Boulevard. CSC Village’s mortgage with last modified in 2006for $23.78 million.
Merrick Gross, the Miami-based attorne y who represents LaSalle Bank inthe lawsuit, did not immediatel return a call seeking comment. Ceebraid-Signal’s Web site says it has purchasefd or redeveloped morethan 25,000 residential Its project list includes the Mayfair Hotelo and Spa in Miami, Bocar Condominiums in Boca the newly completed Omphoh Ocean Resort in Palm Beach, and the in Miami Beach. The company splits its headquarters between West Palm Beachand N.Y.
Things began turning sour for Ceebraid-Signal in Februaruy when VII Holiday Isle Funding filefa $77M foreclosure lawsuigt against an affiliate of Ceebraid-Signal, targetinvg the Holiday Isle Beach Resort and Marinz in the Florida Keys. Ceebraid-Signal officials did not return a messag left atthe company’s West Palm Beachn office.

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