Repossessed shopping center sold for $10M

The repossessed Marketplace at Hillsboro in Coconut Creek was sold for $10 million, resulting in a moderate loss for the lender. A commercial mortgage-backed securities (CMBS) trust using the name 4411 West Hillsboro Boulevard Holdings seized the 112,142-square-foot retail plaza and the 6,781-square-foot automotive building at 4301 and 4589 West Hillsboro Blvd. in 2014 after…

Developer seeks EB-5 money for Metropica

Rendering of Metropica Add Metropica in west Broward County to the list of South Florida real estate developments in the market for EB-5 money. The developer of Metropica, a vast mixed-use development in Sunrise, is trying to raise foreign investment in the project through the federal EB-5 program. Metropica developer Joseph Kavana, chief executive officer…