MIAMI-Grove Plaza, a 46,900-square-foot building in CoconutGrove, was sold at a 52% discount. Boca Raton-based 1st United Bankseized the office building, located at 2900 S.W. 28th Terrace, in2011 after foreclosing on a $7.14-million mortgage held by GrovePlaza Group and William H. Holly.
Valor Investments bought the building for $3.4 million from 1stUnited Bank. Esslinger-Wooten-Maxwell Realtors' Chip Black andSilvia Lorenzo represented Valor Investments, while Brenner RealEstate Group's Suzanne Lopez and Helen Weissman represented 1stUnited in the deal. For the full story, go to South Florida Business Journal .
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