Long-delayed Mandarin Oriental condo in Boca Raton faces $418M foreclosure

Long-delayed Mandarin Oriental condo in Boca Raton faces $418M foreclosure
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Penn-Florida, the developer behind the long-delayed Mandarin Oriental Residences, Boca Raton is at risk of losing the project after lenders filed a $417.7 million foreclosure lawsuit. The lending group, which is affiliated with Apollo Global Management, sued an affiliate of the developer last week f