arts
Stonerock loses downtown office buildings in $66M foreclosure
By Grace McClung at The Real Deal
· June 23, 2026
· 1 min read
Two downtown Miami office buildings are headed to auction next month after landlord Stonerock Capital lost a $65.7 million foreclosure judgment. Atlanta-based Ardent Companies provided Stonerock with a $58.3 million mortgage to buy the buildings in 2022, the South Florida Business Journal reported.
Key takeaway 3 million mortgage to buy the buildings in 2022, the South Florida Business Journal reported.
Why this matters in The Miami
The foreclosure of these downtown Miami office buildings has significant implications for the local commercial real estate market. As the area continues to evolve, with neighborhoods like Brickell and Wynwood experiencing growth and development, the loss of these properties by Stonerock Capital may create opportunities for new investors to enter the market. The fact that Ardent Companies, an out-of-state firm, was involved in the mortgage and subsequent foreclosure complaint highlights the role of external investment in shaping Miami's urban landscape. This case may also be a test of the local office market's resilience, particularly in the face of potential economic downturns and the ongoing risks posed by sea-level rise and flooding in the area. As the auction approaches, it will be worth watching to see how the sale of these properties unfolds and what it may signal for the future of downtown Miami's commercial development.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: June 23, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Two downtown Miami office buildings are headed to auction next month after landlord Stonerock Capital lost a $65.7 million foreclosure judgment. Atlanta-based Ardent Companies provided Stonerock with a $58.3 million mortgage to buy the buildings in 2022, the South Florida Business Journal reported.
When was this published? This article was first published on June 23, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Grace McClung at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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