A foreclosure auction was held for two downtown Miami office buildings owned by Stonerock Capital. The lender, an affiliate of Ardent Companies, placed a winning bid of $15 million. This outcome follows a lawsuit won by Ardent last month, resulting in a $65.7 million foreclosure judgment against Stonerock's affiliates.

The auction took place despite Stonerock's efforts to postpone it while appealing the case. Ardent's bid of $15 million was a credit bid, which secured the win. Further details about the properties and the foreclosure proceedings are available from the original source.