The Bank of Nova Scotia officially took title of about 370 unsold units at the CityPlace South Tower in a foreclosure sale Monday. At the auction, the attorney for the bank, Gregory Grossman, said the lender was willing to bid up to $90 million – that’s about $30 million less than what the bank is owed.
No one bid and the bank – which had a bidding credit of $119.7 million, the loan balance – took the property with a minimum $100 bid.
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