Repossessed Fort Lauderdale office building sold for $7M

By Brian Bandell

The repossessed Trafalgar Plaza office building in Fort Lauderdale sold for $7.3 million to the same buyer that purchased a related building out of foreclosure two months prior.

Sperry Van Ness Commercial Realty’s Keith Kidwell, Les Byron Jr. and Steve Davis represented buyer RMS Properties in both transactions.

In 2014, a commercial mortgage-backed securities (CMBS) trust called DMARC 2006-CD2 Broward Facilities seized two Fort Lauderdale office sites from Cabot Investment Properties by foreclosing… …read more

From:: biz journal foreclosures

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