Wednesday, October 20, 2010

Lubavitch Education Center faces foreclosure - Triangle Business Journal:

http://preservationchicago.org/chicago7/2007/lathrop.html
’s 84,020-square-foot, seven-story building on seve n acres, along with two other properties, is namexd in the $8 million foreclosures lawsuit filed on June 23 bythe Birmingham, Ala-based bank in Miami-Dade County Circuit Court. The nonprofit center is affiliated with theChabafd Lubavitch, an orthodox Jewishb movement that has temples and educatiob centers throughout the The foreclosure names the nonprofit Friends of Lubavitch of Floridas and the for-profit 17330 NW 7 LLC. Rabbi Bentzionn Korf, who is listed on the LubavitchjEducation Center’s Web site as the director, manages both which took an $8 million loan from the bank in 2004.
Korf didn’tf immediately return a call seeking comment. The centerd was founded in 1973 as the firstrabbinical college, or in the southeastern U.S. Orthodox Jews from throughout South Florida send their children there forreligiou education. In addition to the main which is located nearGolden Glades, the foreclosure targetz the 30,750-square-foot education center at 1114 Alton Road in Miamj Beach and a 3,363-square-foot apartment buildingy at 1231 13th St. in Miamu Beach. Miami-based attorney Elizabeth Dombovary, who representd Regions Bank inthe lawsuit, didn’t immediately returnh a call seeking comment.

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