Resort hotel owner in Broward files Chapter 11

The owners of the Inverrary Vacation Resort in Lauderhill filed Chapter 11 reorganization and will explore renegotiating its loan or selling the property. The Inverrary Resort Hotel Condominium Association, Nirvana Inverrary Lofts, and Alrames S.A. de C.V. Corp. filed related Chapter 11 cases in Bankruptcy Court in Fort Lauderdale on May 31. They own the…

City approves 23-story residential/hotel tower

The Hallandale Beach City Commission approved the 900 Building mixed-used tower on June 1. Hallandale Office Towers, managed by Alan Waserstein of Miami lakes-based LeaseFlorida, wants to build the 23-story, 415,882-square-foot tower at 900 S. Federal Highway, just west of the Village at Gulfstream Park. It was designed by BC Architects. The 900 Building would…

The Wrap: China City residential tower is challenged in court, Wynwood’s alcohol permits running dry…and more

Rendering of China City Construction’s project at 6747-6757 Collins Avenue (in center) 1. China City residential tower is challenged in court [The Next Miami]3. Wynwood’s alcohol permits running dry [Miami Today]3. Court fight stalls plans for Fort Lauderdale water park [Sun Sentinel]4. Craig Menin picks up waterfront Palm Beach manse for $25M [Palm Beach Daily…

Private school sells campus to public company

North Broward Preparatory School sold its Coconut Creek campus to a public real estate investment trust for $68.61 million. The private boarding school, a subsidiary of Hong Kong-based Nord Anglia Education, sold the 80-acre campus at 7600 Lyons Road to a subsidiary of New York-based W.P. Carey named BMOC-MIA (FL) LLC. The buyer is a…