Court approves $2.5 million sale of Pompano Beach properties
The court authorized Pride Group affiliate 13th Street Pompano Beach FL Holding Corp. to sell four Pompano Beach properties to 981 13th Street, LLC or its assignee. The $2.5 million all-cash transaction covers property at 980 and 981 SW 13th Street, SW 12th Street, and 1200 SW 10th Avenue. The seller selected the bid as the highest and best actionable offer after CBRE marketed the property beginning in January 2024 and generated interest from 18 potential purchasers over 28 months, according to the sale notice.
The sale order permits the assets to transfer free and clear of liens and claims other than municipal code-enforcement liens; other interests attach to the proceeds with their existing validity and priority. The order is immediately effective, authorizes the foreign representative to consummate the transaction, and leaves distribution of proceeds to a further Canadian court order. The sale converts a remaining U.S. real-estate asset into cash for the cross-border liquidation while preserving creditor priority disputes against the proceeds.