JBG Sues Miami Builder For Trying To Escape $15.8M Loan

Law360, Miami (October 08, 2013, 4:17 PM ET) -- JBG Development LLC filed suit against BrickellHouse Holding LLC and its principals in Florida state court Friday, seeking to foreclose on a $15.8 million mortgage loan for property in Miami's Brickell neighborhood, where a $170 million, 46-story condominium tower is currently rising.

JBG Development claims that BrickellHouse has failed to repay any of the August 2012 loan, which was made about a year after the parties entered into an agreement in which BrickellHouse purchased JBG Development's property at 1300 Brickell Bay Drive with the intention of...
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