Ocean Bank found a buyer for a repossessed 465.6-acre swath of farmland in southwest Miami-Dade County: Florida Power & Light.
The Miami-based bank seized the property at the northwest corner of Krome Avenue and Southwest 136th Street in 2015 after foreclosing on the $19.1 million mortgage of Krome Gold Ranches II, managed by Armando J. Guerra.
Ocean Bank subsidiary Krome REPH recently sold the property for $18 million to FPL, the largest electric utility in Florida and a subsidiary of NextEra… …read more
From:: biz journal foreclosures