Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI-Carbon Capital III Co-Investments has saved the Continental Oceanfront Hotel situated in South Beach from foreclosure. In 2009, Swedbank and Bank Midwest struck 1825 Collins Avenue Owner, a firm operated by New York-based Ian Schrager and Aby Rosen, of Studio 54, with a foreclosure suit.

The foreclosure lawsuit was filed on the 250-room hotel over a $146.5-million mortgage. The mortgage was later changed hands to 1825 Collins Mortgage Acquisition and then to Carbon Capital III. The owner refinanced its loan with Carbon Capital. For the full story, go to South Florida Business Journal.

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.