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Downtown Miami Office Building Targeted In Foreclosure

The Security Building, a 95-year-old office building in downtown Miami, is the subject of a $37.2 million foreclosure lawsuit.

Platform Capital Funding filed a foreclosure lawsuit Dec. 22 against Security Building AR Owner LLC, along with loan guarantors Richard Weisfisch, Andrew Joblon, Arash Gohari and Daniel Gohari.

WeWork, the anchor tenant at the property, remains open. WeWork is not named in the lawsuit, and there is no lawsuit against WeWork from the landlord.

The complaint concerns the 92,910-square-foot office building at 117 N.E. First Ave. The 17-story building was constructed on the 7,500-square-foot lot in 1926, making it one of the oldest office towers in the downtown area.


Source:  SFBJ

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