ZOM affiliate files for bankruptcy after $308M Arizona judgment, seeks to sell its assets

A ZOM Living entity filed for bankruptcy with plans to sell substantially all of its assets, marking the fallout from a massive $308.6 million judgment entered against the company this spring tied to an Arizona property dispute. Affiliates of Winter Park, Florida-based ZOM, which is a prolific multi

Florida’s $7B-plus in hotel deals drive national investment activity despite mounting financing, operating challenges

Florida is a major driver for the national hotel investment market, accounting for more than one-fifth of U.S. hotel sales in the latest four-quarter period, as investors poured $7.2 billion into the Sunshine State’s hospitality properties even as owners faced higher borrowing costs and rising opera

Walmart-anchored retail sale in Fort Lauderdale marks second deal in a week for Miami Heat co-owner’s firm

Miami Heat co-owner Raanan Katz’s other company, RK Centers, acquired a Walmart-anchored retail center in Fort Lauderdale less than a week after purchasing a shopping center in north Miami-Dade County. The Sunny Isles Beach-based firm paid $28.6 million for the 186,000-square-foot Riverbend Marketpl

Sean Conlon secures financing on West Palm property after Chicago foreclosure on personal guarantee 

Real estate investor Sean Conlon refinanced his historic West Palm Beach property shortly after he was ordered to pay more than $10 million in a Chicago foreclosure judgement. The merchant bank founder and CNBC personality secured a $13.8 million loan on his 38-unit apartment property at 206 Clemati