The Florida-based company sold Innova last year, shedding 247 units near the Cleveland Clinic. The Finch Group also has unloaded Parkside Dwellings and expects to sell CircleEast Townhomes.
Axonic Capital LLC, a mezzanine lender on the waterfront property, entered the sole bid at a Uniform Commercial Code foreclosure auction in New York on Thursday, Jan. 12.
The Alcazar, a Cleveland Heights landmark, sells for $2.6 million crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.