Wednesday, December 28, 2011

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

adamovaichive.blogspot.com
’s 84,020-square-foot, seven-story building on seven along with twoothed properties, is named in the $8 millionn foreclosure lawsuit filed on June 23 by the Ala-based bank in Miami-Dade County Circuit Court. The nonprofif center is affiliated with theChabade Lubavitch, an orthodox Jewish movement that has templews and education centers throughout the world. The foreclosur e names the nonprofit Friends of Lubavitch of Floridaa andthe for-profit 17330 NW 7 LLC. Rabbi Bentzioh Korf, who is listed on the LubavitchEducation Center’s Web site as the director, manage s both entities, which took an $8 million loan from the bank in 2004.
Korf didn’y immediately return a call seeking comment. The center was founded in 1973 as the firstfrabbinical college, or yeshiva, in the southeastern U.S. Orthodoc Jews from throughout South Florida send their children there forreligious education. In addition to the main campus, which is locaterd near Golden Glades, the foreclosure targets the 30,750-square-foor education center at 1114 Altomn Road in Miami Beach anda 3,363-square-fooy apartment building at 1231 13th St. in Miami Miami-based attorney Elizabeth Dombovary, who represents Regions Bank inthe didn’t immediately return a call seeking comment.

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