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Call us 877-451-9251Water Damage Restoration in Boca Raton, FL
Owning a home or business is one of the hallmarks of living the American Dream. While there are many fulfilling and positive aspects of owning property, one of the challenges that owners face is property damage. This type of damage can be caused by a range of disasters, both man-made and natural. Of all the types of property damage, water damage is among the most common.
Whether from broken pipes or heavy thunderstorms, it doesn't take a professor from Florida Atlantic University in Boca Raton to know that water damage can be incredibly harmful to your home. Water can spread quickly throughout your property, causing damage to furniture and porous materials as it moves. In the blink of an eye, you could be looking at substantial rotting, warping, and even mold growth. That's why water damage restoration in Boca Raton, FL is so important - to mitigate the damage to your home and help prevent it from happening in the future.
Trying to overcome flooding and other water-related disasters on your own can seem like a lost cause. But with Disaster Response by your side, you don't have to lose hope. As a local water damage clean-up company, we provide comprehensive restoration services to properties of all sizes in Boca Raton. From the first time we assess your water damage to the time we mitigate and restore, we're here for you.
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Dealing with property damage can be overwhelming. You're likely concerned about a few key things:
Navigating the insurance claim process
We guide you through every step, ensuring you understand the process and get the most out of your claim.
Scheduling for a quick and quality completion
We provide a clear timeline for restoration, prioritizing both speed and quality, so you can get back to normal as soon as possible.
You might also be thinking about:
Ensuring the safety and health of your family or employees during the restoration: Our team takes all necessary precautions to protect the safety and health of everyone involved, using the latest techniques and equipment.
Understanding the full scope of the damage and what needs to be done:We conduct a thorough assessment of the damage and provide a detailed plan of action, so you know exactly what to expect.
Knowing the costs upfront and avoiding unexpected expenses: We provide transparent pricing and a detailed estimate before any work begins, so there are no surprises along the way.
Preventing future issues, such as mold growth or structural problems: We don't just fix the visible damage—we address the root causes to prevent future issues, giving you peace of mind.
Protecting your belongings and valuables from further damage: We take extra care to safeguard your possessions during the restoration process, minimizing any further impact.
Minimizing disruption to your daily life or business operations: We work efficiently and flexibly to reduce the disruption to your routine, allowing you to continue with your life or business as smoothly as possible.
Finding a trustworthy team to handle your property with care: Our experienced and highly-trained professionals treat your property as if it were their own, ensuring the highest standard of care.
Ensuring the job is done right the first time: We pride ourselves on doing the job right the first time, using industry-leading techniques and thorough quality checks to ensure lasting results.
Receiving clear communication and updates throughout the restoration process: We keep you informed every step of the way, providing regular updates and clear communication, so you're never left in the dark.
Ensuring the safety and health of your family or employees during the restoration: Our team takes all necessary precautions to protect the safety and health of everyone involved, using the latest techniques and equipment.
At Disaster Response, It's All About You
Like The Schmidt Boca Raton History Museum in Boca Raton, Disaster Response has been a pillar of the community for years. As a second-generation disaster response company, we know that our work is never about us. At its most basic, it's always about you—your situation, your needs, and your satisfaction. We engineer our processes to help you quickly recover from water floods and disasters. Our total focus is on you, our valued customer. And that, in a nutshell, is what makes Disaster Response one of the most trusted and highly-rated water restoration companies in Boca Raton.
Instead of focusing on profit, bottom lines, and yearly projections, we make you our priority. That's why we're serious about providing expert-level disaster preparedness and response services when you need them the most. Could you imagine trying to decipher misleading fine print or dealing with a pushy salesperson when you're just trying to get your life back together? That's not the Disaster Response way, and it never will be.
We don't just clean up after water leaks, floods, or other disasters; we go above and beyond by providing a consultative approach that serves you for years to come. We assist you in dealing with insurance adjusters to ensure you get the coverage you deserve without unnecessary delays. We make it a point to meticulously review every detail of your claim and work hard to make sure adjusters understand the full extent of your losses. We can also provide guidance on how and when to engage a public adjuster to bypass inefficiencies in the insurance process. At the end of the day, we strive to provide peace of mind during your difficult time and work tirelessly to get your property back to its pre-loss condition.
The Disaster Response Difference
Professional Technicians, Technology, and Processes
In fact, we'll dispatch a team of water disaster technicians to you within three minutes. We'll also advise you on what can be done to minimize the water damage in your home or business. Our water damage restoration team will use cutting-edge technology and IICRC-approved methods to restore as much of your property as possible.
Insurance Advocacy
Disaster Response works one-on-one with you and your insurance provider to expedite the claims process and get your home back to normal as soon as possible.
Satisfaction Guaranteed
We're proud of our work and stand behind every project we complete. Our goal is to exceed expectations and provide peace of mind throughout every step of your water damage restoration process. If you're not satisfied for any reason, we'll listen to your concerns and work tirelessly to rectify any issues that need addressing.
Your Guide to Water Damage Restoration in Boca Raton, FL
Water damage restoration is a key step in remediating damage to your home, both structurally and aesthetically. Damage from water doesn't just affect the walls, floors, and ceilings in your home. It can also cause deeper issues that, when untreated, can weaken your foundation significantly and lead to long-term instability.
As if that weren't enough, water damage can present health hazards to your friends, family, and pets. Mold and bacteria can grow in damp areas after water incidents, causing allergies, respiratory problems, and even visits to The Meridian at Boca Raton in Boca Raton for examination. Ignoring water damage can also result in irreversible harm to your belongings, including furniture, electronics, and sentimental items, leading to financial loss and emotional distress. Professional water clean-up services can repair the damage to your property, help protect valuable assets, and re-establish your home or business as a safe, healthy environment for occupants.
What Makes Our Water Damage Company in Boca Raton, FL, Different from Others?
One of the most common questions we get at Disaster Response is, "What separates you from other water damage clean-up companies in Boca Raton?" The first and easiest answer to that question centers around our commitment to customer service. We hold our clients in high regard because, without them, there would be no Disaster Response. As such, we work tirelessly to provide them with quality work from friendly and helpful technicians, regardless of the size of their home or business.
But that's just the start. Our clients recommend friends and family to our business because we prioritize the following:
Cost
Investing in damage restoration for your home is a smart move that can help reduce long-term costs. The best part? Our services are covered by insurance companies, so there's less worry about paying out of pocket.
Technicians
Every member of our team has years of experience, specialized training, and certifications in handling water damage. We prioritize our customers' well-being and meticulously attend to every detail to prevent any potential mold-related issues in the future. From single-family homes to
Time
Water disasters happen quicker than you might think. One moment, you're enjoying family time at Sugar Sand Park in Boca Raton. The next, you're pulling in your driveway to a flooded home. When you call our office, we'll get to work assessing the cause of your water damage and how extensive the water damage is in your home or business. From there, we'll dispatch a team of IICRC water damage restoration experts to your location.
Tools
Disaster Response has made significant investments in cutting-edge water damage equipment, including inspection tools that enable thorough water removal. Our technicians have undergone extensive training to operate these machines and know when and when not to use them.
Process
For over 40 years, we have been helping with water damage issues, refining our process along the way. We can quickly find hidden damages that others might miss and document everything for your insurance company.
Reliable Water Damage Restoration Network
We aren't afraid to ask for help if it means a safer, more enjoyable environment for your family or customers. In fact, we have access to a network of industry pros who are experts in a range of water damage services. To make your life a little easier, we also work with insurance professionals who assist with the claims process.
What Does Disaster Response Fix?
As an IICRC-certified water damage contractor in Boca Raton, FL, our technicians can address several areas of your home or business that have been damaged by a water disaster.
- Floors: It's very important to take the necessary time and steps to effectively dry your floors to prevent any potential water damage and mold growth in the future.
- Walls: Depending on the amount of water that enters your business or home, the structural integrity of your property may be at stake. Our technicians will evaluate the situation, inspect your property, and replace materials damaged by water.
- Rugs: If your rugs get wet during flooding or from another water disaster, they may be salvageable. We'll work hard to save all the rugs in your property.
- Furniture: Your furniture is probably expensive and may hold a certain level of sentimental value. Instead of throwing it away or donating it to Old Floresta Historic District in Boca Raton, we can repair and restore it.
Disaster Response specializes in every kind of damage caused by rain, wind, or snowstorms. We handle water damage, mold, mildew, and more, and can be at your home or office within an hour of your call to assess the situation and put a water damage restoration plan into action.
What Tools Does Disaster Response Use for Water Damage Clean-Up?
We only use the best equipment! With our extensive experience in the Boca Raton restoration industry, we've acquired state-of-the-art tools designed to tackle a wide range of challenges. This experience has also allowed our technicians to identify which type of equipment is best for a particular situation. Some of the most common water damage restoration tools we use include:
Infrared Cameras
Our infrared cameras give us the ability to see moisture in walls and ceilings that is not visible to the naked eye, almost like having "X-ray" vision. This capability allows us to detect and address trapped and hidden humidity, significantly reducing the risk of mold growth.
Moisture Meters
We use moisture meters to measure moisture levels in cellulose material. Before and after the drying process, we will conduct moisture readings in all areas of your property. If we detect moisture in an unaffected area of your building, we'll get to work quickly to dry it.
Air Movers
This equipment is designed to work in conjunction with our dehumidifiers. While our dehumidifiers extract moisture from the air and convert it to a liquid, our Air Mover helps to circulate this moisture in the air so that the dehumidifier can effectively remove it.
Ozone Generators
These advanced tools enable us to cleanse affected surfaces and the air in a more effective manner. Ozone Generators work by causing oxygen molecules to implode, making them a valuable deodorization tool.
Xtreme Xtractor
This tool is great for tackling tough moisture after water damage. It allows us to apply direct pressure to a surface, like a carpet, that has soaked up water. The pressure helps draw out the water, making it easier to remove.
Top 3 Types of Water Damage You Should Know About
Water damage can strike without warning and can wreak havoc on your property, leaving you feeling hopeless and overwhelmed. Whether it's from a burst pipe, a severe storm, or an overflowing appliance, your property needs immediate water damage clean-up in Boca Raton, FL, to prevent further harm. Here are the top three types of water damage you should know about:
Clean Water Damage
This type of water damage happens from a "clean" source, such as rainwater or a broken pipe in your home. It's easier to clean up than others on this list but can still cause extensive property damage when ignored.
Gray Water Damage
Gray water damage stems from appliances such as toilets without feces, washing machines, and dishwashers. Gray water sometimes contains bacteria and contaminants that can make you or your family sick.
Black Water Damage
The name alone indicates the severity of this type of water damage. It's caused by backed-up sewer lines, river flooding, and standing water that supports bacteria growth. Black water presents serious health hazards and needs to be handled by professional water damage contractors.
If you suspect your home or business has been damaged by one or more of the types of water above, take the following steps:
- Be Safe: Turn off all electricity running through your property. Don't go near or touch any water you believe to be contaminated.
- Stop the Source of Water: If you're able, put a stop to the water at its source. That way, you can prevent more damage.
- Call Disaster Response: Contact our water damage company ASAP for water restoration services. Our team is available 24/7 to respond to emergencies.
Our Process for Water Damage Restoration in Boca Raton, FL
Having a water damage restoration company by your side who knows how to remediate moisture is a key factor in getting your life back on track. At Disaster Response, we have refined our process over 40+ years of water damage clean-up experience. That way, we can provide customers with reliable, comprehensive service when they need it the most.
We utilize powerful pumps and vacuums to eliminate standing water from your property. Swift water removal is essential in minimizing damage and lowering the likelihood of mold growth. Our team is dedicated to ensuring efficient water extraction to prevent any additional complications.
After extracting water from your property, we dry and dehumidify the impacted areas. We use industrial-grade dehumidifiers and air movers to do so to eliminate moisture from walls, floors, and furniture. Proper drying helps prevent warping, swelling, and the growth of mold.
Whenever we deal with water damage, we have to address the potential contaminants and bacteria that can enter your home. We make sure to thoroughly clean and sanitize all affected areas to create a safe living environment. This involves cleaning carpets, upholstery, and personal belongings. Our technicians also use antimicrobial treatments to prevent mold and bacterial growth.
The final step in the process is the restoration of your home to its pre-damage condition. This comprehensive restoration process may encompass a range of tasks, from minor repairs such as replacing drywall and installing new carpeting to major reconstruction efforts. Rest assured that Disaster Response is fully equipped to manage all aspects of water damage restoration, from start to finish.
- Maintenance: Have your business or home's roof, appliances, and plumbing inspected by professionals to spot early signs of wear and tear.
- Water Alarms: If there is a flood or leak in your home, a water alarm can alert you so that you can take action immediately.
- Drainage: Your home needs proper drainage systems in place at all times. To prevent water buildup, be sure to unclog your downspouts and gutters.
- Cracks and Gaps: Be sure to seal up any cracks and gaps in your property's foundation to limit water from getting inside.
The Water Damage Company in Boca Raton, FL, You Can Trust
When you want a great steak, you don't go to a fast-food joint and expect a filet. You go to a TwentyTwenty Grille in Boca Raton. When you need quality disaster response services from licensed professionals, you don't go to a fly-by-night shop. You contact Disaster Response.
As a local water damage clean-up business, we believe that providing clients with effective service that they can rely on in times of stress is of utmost importance. While some of our competitors prioritize profits over people, you can rest easy knowing we care about you - and that's something you can always count on when you choose our water damage company.
Whether a pipe has burst in your commercial space and your showroom is flooding, or your home has standing water from a Boca Raton rainstorm, we're here for you 24/7. Contact our office to learn more about the Disaster Response difference or to schedule an inspection for your property today.
Contact Your Emergency Disaster Response Now!
Latest News in Boca Raton, FL
Friday Roundup: Holiday Pop-up Bars and Cocktails Around Town
Tyler Childresshttps://bocamag.com/friday-roundup-holiday-pop-up-bars-and-cocktails-around-town/
It’s the most wonderful time of the year for craft cocktails, as our local watering holes whip up merry menus of holiday-themed libations. Any South Florida spot worth its tinsel knows this is the time to get creative, so we’ve rounded up a list of pop-up bars and staples that are offering unique holiday beverages to enjoy through the season. Cheers!West Palm’s go-to for Mexican street food is hosting a special holiday pop-up bar through Christmas Day. The theme is “Tropical Christmas,” and Bodega is cele...
It’s the most wonderful time of the year for craft cocktails, as our local watering holes whip up merry menus of holiday-themed libations. Any South Florida spot worth its tinsel knows this is the time to get creative, so we’ve rounded up a list of pop-up bars and staples that are offering unique holiday beverages to enjoy through the season. Cheers!
West Palm’s go-to for Mexican street food is hosting a special holiday pop-up bar through Christmas Day. The theme is “Tropical Christmas,” and Bodega is celebrating with cocktails like the Cranberry Mule and Norbz’s Tinsel & Tequila. A portion of sales from the latter will benefit Dolphins Challenge Cancer. The drinks will also be available at all Bodega locations throughout South Florida.
118 S. Clematis St., West Palm Beach; 561/559-3119; bodegataqueria.com
This swanky Boca chophouse is celebrating the holidays with a cocktail befitting its sultry digs, the Smoked Cider. Made with Buffalo Trace Bourbon, apple, fall spice and pecan smoke, this libation is a perfect companion for any of Abe & Louie’s premium cuts. The Smoked Cider will also be available at Timpano Las Olas, another concept in the portfolio of Tavistock Restaurant Collection.
Abe & Louie’s: 2200 Glades Road, Boca Raton; 561/447-0024; abeandlouies.comTimpano Las Olas: 450 E. Las Olas Blvd., Fort Lauderdale; 954/462-9119; timpanolasolas.com
This holiday season is extra special for Miracle as the pop-up bar celebrates 10 years of spreading cheer. The festive bar, known for its craft cocktails and over-the-top decor, will be setting up shop at Ravish Off Ocean in Lantana and Casa Tiki in Miami. Menu standouts include the bourbon and sherry-based Stocking Stuffer with amaro, cinnamon syrup, iced “hot” chocolate, bitters and marshmallow, as well as the Nice and Naughty shots with rye whiskey and gingerbread or tequila, habanero, ginger and hibiscus—we’ll let you decide which is which. miraclepopup.com
Meanwhile, Sippin’ Santa will deck the halls of Juicy Cocktail Bar in West Palm Beach and Better Days in Miami. Sip on the Sugar Plum Mai Tai with Haitian & Nicaraguan rums, lime, orgeat and cinnamon syrup, and plum mix, or Frosty The Merman, made of rye whiskey, vanilla-clove syrup, lime, and pear, apricot and allspice liqueurs. Or both—we won’t judge. sippinsantapopup.com
The Singer Island resort is hosting the Tinsel Tavern holiday pop-up bar, which is taking over its Taaza beachfront restaurant for the season. Festive cocktail selections include the Merry Christmas Ya Filthy Animal, made with spiced rum, peppermint, eggnog and garnished with cinnamon; the smoky-sweet Fireside Mule with Islay Scotch, maple syrup, ginger beer, fresh lemon and roasted marshmallows; and Prancer’s Pomegranate Paloma with tequila, pomegranate and ginger ale. The pop-up is open on Fridays and Saturdays from 5 to 10 p.m.
3100 N. Ocean Drive, Riviera Beach; amritocean.com
Delray’s new Mediterranean concept Lefkes Estiatorio is adding the Greek Winter Martini to its cocktail menu for the season. This boozy treat is served warm and made with Agiorgitiko wine, Woodinville bourbon, peach schnapps, orange bitters, honey and cinnamon.
33 S.E. Third Ave., Ste. 105, Delray Beach; 561/908-2331; lefkesgroup.com
Visitors to the Hilton West Palm Beach’s onsite restaurant can treat themselves to any (or all) of its three holiday cocktails. The Three Kings is made with Papa’s Pilar Dark Rum, Jamaican hibiscus tea, cinnamon demerara and lime; the Pumpkin Old Fashioned mixes Highwest Double Rye with spiced pumpkin purée, chocolate and orange bitters, and brown sugar; and the A State of Mind is a festive take on an espresso martini, made with Hudson Short Stack Whiskey, fresh-brewed espresso, cinnamon sweet cream, spiced maple syrup, and chocolate and Angostura bitters.
600 Okeechobee Blvd., West Palm Beach; 561/231-6100; galleywestpalmbeach.com
Big City Tavern
This longtime Las Olas staple is offering the Santa’s Helper for the holidays, a cocktail made with bourbon, Baileys, eggnog and butterscotch schnapps. Through Dec. 31, Big City Tavern is also gifting a $10 gift certificate to those who purchase $50 gift cards.
609 E. Las Olas Blvd., Fort Lauderdale; 954/727-0307; bigcitylasolas.com
Celebrate the holidays with an omakase experience at Sushi by Bou, and sip on the Tipsy Marshmallow for dessert. Made with Haku Vodka, marshmallow syrup and espresso, then topped with a graham cracker rim and roasted marshmallow garnish, this cocktail is the perfect way to end the meal after the sushi boat has sailed.
409 S.E. Mizner Blvd., Boca Raton; 888/670-5996; sushibybou.com
The friendly neighborhood bar and grill will be offering its housemade pomegranate sangria and smoked maple bacon old fashioned through the holidays.
9636 Glades Road, Boca Raton; 561/489-5607; lazydogrestaurants.com
From Dec. 12-29, The Deck at Wynwood will host a takeover by The Holly Jolly Bar. This pop-up pulls out all the stops when it comes to festive decor, so expect to be immersed in a winter wonderland as you sip holiday-themed cocktails.
2250 N.W. Second Ave., Miami; 305/461-2700; thedeckwynwood.com
This downtown Miami bar is getting festive with three seasonal cocktails: the Santa’s Midnight Snack blends Four Walls Whiskey with gingerbread, crème de cacao, vanilla and cream; the Panettone Negroni, which puts a twist on the classic libation with Lillet Blanc, Licor 43, Frangelico, Disaronno and a biscotti garnish; and the Peppermint Mocha, made with Ketel One, Baileys, crème de cacao, peppermint and espresso.
40 N.E. First Ave., #101, Miami; 305/646-9967; tipsyflamingomiami.com
Celebrate the “12 Days of Pinkmas” at Rosa Sky, and pair your holiday festivities with breathtaking views of the Magic City. From Dec. 12-25, the rooftop bar invites you to enjoy daily holiday-themed cocktail specials for each of the 12 days, including the Angel Eggnog, Christmas Tree Martini and Ornament Spritz.
115 S.W. Eighth St., 22nd Floor, Miami; 786/628-1515; rosaskyrooftop.com
Olympic Heights Basketball
maxpreps.comhttps://www.maxpreps.com/fl/boca-raton/olympic-heights-lions/basketball/
Olympic Heights LionsVarsity Boys Basketball Boca Raton, FL221Followers24-25Overall5-2District0-0 (5th)FL Rank2262024-25 V. BasketballSchedule at a Glance...
Olympic Heights LionsVarsity Boys Basketball Boca Raton, FL221Followers
24-25
Overall
5-2
District
0-0 (5th)
FL Rank
226
Schedule at a Glance
Wed, 12/11vs Somerset Academy - CanyonsW 54-35Wed, 12/11Bvs Boynton Beach7:30pmThu, 12/19@ West Boca Raton7:30pm
Rankings
| Florida#226 |
| Florida Division 6A#37 |
| West Palm Beach#23 |
Team Leaders
Meet the Team
Do you have a team photo? Upload it
Stat Leaders
Points Per Game
FT Made
Nearby Basketball Teams
Olympic Heights High School 20101 Lyons RdBoca Raton, FL 33434-3811
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Penn-Florida hit with $195M UCC foreclosure on Boca Raton’s Via Mizner, as South Florida multifamily debt woes grow
Lidia Dinkovahttps://therealdeal.com/miami/2024/12/04/blackstone-seeks-ucc-auction-on-penn-floridas-via-mizner/
Penn-Florida Companies could lose its 101 Via Mizner apartment building in Boca Raton to foreclosure over its alleged failure to pay off a $195 million loan at maturity.Blackstone Mortgage Trust, through its Parlex 15 Finco lending affiliate, filed a Uniform Commercial Code foreclosure on the 14-story, 366-unit building at 101 East Camino Real. It is seeking to hold an auction on Jan. 15, according to a public notice filed on Sunday....
Penn-Florida Companies could lose its 101 Via Mizner apartment building in Boca Raton to foreclosure over its alleged failure to pay off a $195 million loan at maturity.
Blackstone Mortgage Trust, through its Parlex 15 Finco lending affiliate, filed a Uniform Commercial Code foreclosure on the 14-story, 366-unit building at 101 East Camino Real. It is seeking to hold an auction on Jan. 15, according to a public notice filed on Sunday.
The property is part of Penn-Florida’s marquee Via Mizner mixed-use development with a Jack Nicklaus-designed golf club and Mandarin Oriental-branded hotel and condo buildings, which are under construction after yearslong delays.
In UCC foreclosures, the auction is of the interest in the limited liability company through which a landlord owns a property. In this case, the auction will be of 100 percent of the interest in Penn-Florida’s Via Mizner Owner I affiliate. UCC foreclosures generally move more quickly than judicial foreclosures, which can linger in court.
Penn-Florida, a Boca Raton-based company led by founder Mark Gensheimer, is working to keep its building, saying it was current on all debt obligations prior to the recent maturity.
The loan “is in process of being repaid in full next month through a refinance,” the firm said in a statement.
The company completed Via Mizner apartments in 2016, first taking out a $75 million loan in 2014 from HSBC, according to records. It refinanced in 2017 with Mack Real Estate Group, bumping up the financing to $180.5 million. In 2021, Blackstone Mortgage Trust refinanced the loan, raising it to $195 million, records show.
The UCC foreclosure is the latest indication that South Florida’s multifamily market is feeling the sting from economic headwinds, marking an end to the boom of 2021 and 2022. At the time, an influx of out-of-state residents supercharged the market with unprecedented demand, prompting record rent increases and a development frenzy. Over the past two years, hefty new supply tempered demand just as the in-migration slowed, leading rents to flatline or even drop in some submarkets.
Some landlords have resorted to offering concessions at their buildings. At 101 Via Mizner, new prospective tenants could get one month rent free under a 15-month lease term and also a reduced $99 administrative fee, down from $500, according to the property’s website.
The building has one- to three-bedroom apartments, with monthly rents ranging from $2,946 to $7,249, 101 Via Mizner’s website shows. It also has studios, though the rents aren’t listed.
Multifamily landlords also have been pummeled by skyrocketing insurance and higher interest rates. Rates, which have stubbornly remained elevated after the Federal Reserve’s two cuts this year, have made refinancing costly for some landlords and led to more demand for equity partners.
In other signs of multifamily debt woes, Lynd was considering in August a $9.1 million capital call from its investors in the 234-unit Parc Place Apartments at 17600 Northwest Fifth Avenue in Miami Gardens. Lynd cited higher insurance premiums and payroll. Last year, Shidler Group sold the 276-unit Riverland Apartments at 420-432 Southwest 27th Avenue in Fort Lauderdale for $84 million, marking a 22 percent discount from its purchase price in 2022.
Blackstone could seize Boca Raton building from Penn-Florida
South Florida Business Journalhttps://www.bizjournals.com/southflorida/news/2024/12/03/blackstone-boca-raton-auction-penn-florida.html
An affiliate of Blackstone could seize ownership of the 101 Via Mizner Apartments in Boca Raton from Penn-Florida Cos. through a UCC auction.A UCC auction is when a lender seizes the equity in the borrower’s company after they defaulted on a loan.Trending: University of Miami buys shopping...
An affiliate of Blackstone could seize ownership of the 101 Via Mizner Apartments in Boca Raton from Penn-Florida Cos. through a UCC auction.
A UCC auction is when a lender seizes the equity in the borrower’s company after they defaulted on a loan.
Trending: University of Miami buys shopping center for $68 million
In this case, Parlex 15 Finco LLC, part of New York-based Blackstone, filed a public notice in Florida that the UCC auction for 100% equity in Via Mizner Owner I LLC, the owner of the apartment complex at 101 E. Camino Real, will take place on Jan. 15 at its attorney’s office in New York. Via Mizner Owner I LLC is currently an affiliate of Boca Raton-based Penn-Florida Cos. The action involves a $195 million mortgage originated in 2022.
There is not currently a foreclosure lawsuit involving that mortgage.
However, the UCC auction gives either the lender or a third-party bidder the opportunity to own Via Mizner Owner I LLC, which in turn owns the 366-unit apartment complex.
Brett Rosenberg of JLL, which is marketing the UCC auction, didn’t respond to a request for comment.
Officials with Penn-Florida Cos. couldn’t be reached for comment.
There are several ongoing legal challenges for Penn-Florida. In November, Precedent Asset Management-4C LLC filed a foreclosure lawsuit against Royal Palm Road Associations and Mark A. Gensheimer, the president and CEO of Penn-Florida, over a Boca Raton development site. In August, three buyers at Penn-Florida’s uncompleted Mandarin Oriental Hotel and Residences, Boca Raton filed lawsuits seeking their deposits back because of long delays in completing the project. A fourth buyer filed a similar lawsuit in November. Those buyer lawsuits remain pending, but Penn-Florida has said that construction of the condo is moving forward.
Penn-Florida also filed plans for a mixed-use project called University Village.
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S. Fla. lawyers
| Rank | Prior Rank | Firm / Prior (*Not ranked in year prior) / URL |
|---|---|---|
| 1 | 1 | Greenberg Traurig |
| 2 | 2 | Cole, Scott & Kissane P.A. |
| 3 | 3 | Holland & Knight LLP |
Cimpress to present at the BofA Securities Leveraged Finance Conference on December 4, 2024 in Boca Raton, FL
Business Wirehttps://finance.yahoo.com/news/cimpress-present-bofa-securities-leveraged-130000807.html
DUNDALK, Ireland, November 25, 2024--(BUSINESS WIRE)--Cimpress plc (Nasdaq: CMPR) today announced that Sean Quinn, Executive Vice President and CFO, will present at the BofA Securities Leveraged Finance Conference on Wednesday, December 4, 2024. Cimpress plc’s presentation is scheduled to begin at 10:10am ET.The presentation will be webcast and can be accessed through the Cimpre...
DUNDALK, Ireland, November 25, 2024--(BUSINESS WIRE)--Cimpress plc (Nasdaq: CMPR) today announced that Sean Quinn, Executive Vice President and CFO, will present at the BofA Securities Leveraged Finance Conference on Wednesday, December 4, 2024. Cimpress plc’s presentation is scheduled to begin at 10:10am ET.
The presentation will be webcast and can be accessed through the Cimpress Investor Relations website at ir.cimpress.com/news-and-events/events, and a replay of the presentation will be available at the same link until December 4, 2025.
About Cimpress
Cimpress plc (Nasdaq: CMPR) invests in and builds customer-focused, entrepreneurial, print mass-customization businesses for the long term. Mass customization is a competitive strategy which seeks to produce goods and services to meet individual customer needs with near mass production efficiency. Cimpress businesses include BuildASign, druck.at, Drukwerkdeal, easyflyer, Exaprint, National Pen, Packstyle, Pixartprinting, Printi, Tradeprint, VistaPrint, and WIRmachenDRUCK. To learn more, visit cimpress.com.
Cimpress and the Cimpress logo are trademarks of Cimpress plc or its subsidiaries. All other brand and product names appearing on this announcement may be trademarks or registered trademarks of their respective holders.
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Contacts
Investor Relations: Meredith Burns ir@cimpress.com +1.781.652.6480
Media Relations: Sara Litwiller mediarelations@cimpress.com
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