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Mandarin Oriental Foreclosure Battle | Real Estate News
A high-stakes legal battle is unfolding as Penn-Florida Companies fights to save the Mandarin Oriental Boca Raton project from foreclosure, after lender Madison Realty Capital triggered a sale — only to be stopped by a court order granting a crucial October 1 hearing. The developer is also suing for over $500 million, accusing Madison of intentionally engineering the default and then sabotaging the project with inexperienced leadership and “scorched earth” tactics. With buyers stuck in limbo and the unfinished tower becoming a local eyesore, the upcoming court date could decide the fate of…
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