The Cypress Creek Tower in Fort Lauderdale is facing foreclosure following the loss of its anchor tenant, Wells Fargo, the South Florida Business Journal reported. An LLC representing a commercial mortgaged-backed security filed the lawsuit last week, against Cabot Cypress Creek Tower 1 LLC — an affiliate of Boston-based Cabot Investment Properties, which has two other Broward County office buildings in CMBS foreclosure. The new lawsuit concerns a $6 million outstanding loan to the 67,222-square-foot [more]![]()
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