Miami-based Crescent Heights has asked a bankruptcy judge to reject the proposed $19.5 million sale of developer Renzo Renzi's prime site near Brickell Avenue.
July 09, 2013 at 04:00 AM
1 minute read
Crescent Heights Inc. is fighting the proposed $19.5 million sale of Miami developer Renzo Renzi’s prime Brickell area site.
The Miami company has asked the bankruptcy judge in Chapter 7 cases involving two Renzi-managed companies to reject the sale to Crystal Tower on Brickell Plaza LLC. Crescent-managed lenders currently hold an $18.2 million foreclosure judgment against the Renzi companies and want a July 31 foreclosure auction to proceed as scheduled.
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