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The sale to the stalking-horse bidder and secured lender is approved after no one else qualified to bid on unsold units at the hotel-condo a block from the beach.

Lender for embattled Costa Hollywood Beach Resorts acquired the 52 unsold condos, avoiding a bankruptcy auction.

The unsold condo units in the Costa Hollywood Beach Resort will be handed over to the project’s lender as the developer exits bankruptcy.

Law360 (August 28, 2020, 8:21 PM EDT) -- A Florida bankruptcy judge has approved the sale of a recently built Hollywood, Florida, beach resort's assets to a secured lender for $43 million after [...]

Law360 (August 21, 2020, 2:05 PM EDT) -- Miami bankruptcy attorney Peter D. Russin has been named to serve as a bankruptcy judge for the Southern District of Florida, realizing a long-held [...]

Dozens of unsold units at the beachfront condo-hotel are expected to end up in the hands of the lender, which offered a $43 million credit bid in a bankruptcy auction that drew no bidders.

The firm is expecting partners such as James C. Moon, Solomon B. Genet Daniel N. Gonzalez and Joshua Dobin to fill the leadership void left by the new federal bankruptcy judge.

Michele Gorman  Law360 is providing free access to its coronavirus coverage to make sure all members of the legal community have accurate information in this time of uncertainty and change. Use [...]

Sam Reisman  A cannabis mogul whom one trade publication dubbed the “California Cannabis King” has been hit with a $3 million lawsuit in Florida state court, alleging he treated his [...]