Friday, February 25, 2011

Lubavitch Education Center faces foreclosure - St. Louis Business Journal:

coeragnheidur3778.blogspot.com
’s 84,020-square-foot, seven-story buildinyg on seven acres, along with two other properties, is namef in the $8 million foreclosure lawsuit filed on June 23 bythe Ala-based bank in Miami-Dade Countyu Circuit Court. The nonprofit center is affiliated with the Chabad an orthodox Jewish movement that has temples and education centers throughouthe world. The foreclosure names the nonprofit Friends of Lubavitch of Florida andthe for-profit 17330 NW 7 LLC. Rabbik Bentzion Korf, who is listed on the LubavitchEducation Center’s Web site as the director, manages both entities, whic h took an $8 million loan from the bank in 2004.
Korf didn’r immediately return a call seeking comment. The center was foundedf in 1973 as the firsttrabbinical college, or yeshiva, in the southeasterb U.S. Orthodox Jews from throughout South Florida send their children there forreligiouse education. In addition to the main campus, which is locatedf near Golden Glades, the foreclosure targetse the 30,750-square-foot education center at 1114 Altomn Road in Miami Beach anda 3,363-square-foot apartmengt building at 1231 13th St. in Miami Beach. Miami-based attorney Elizabeth Dombovary, who representsx Regions Bank inthe lawsuit, didn’t immediatelyy return a call seeking comment.

No comments:

Post a Comment