Ex Post Facto Behind the stories
Nama's Florida deal goes south
It is back to the drawing board for Nama in its attempts to offload Sarasota Quay, a huge waterside site in Florida in the United States.
Nama had hoped to flog the 15-acre site earlier this year, and had apparently agreed terms with GreenPointe Holdings, a Florida company controlled by the developer Ed Burr. Alas, we hear the sale has fallen through, leaving the state's mammoth bad bank still in possession of another boom time...
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