CLEVELAND, Ohio – The Justice Department wants to seize a Cleveland office tower linked to a Ukrainian oligarch who is under FBI investigation for international money laundering. Prosecutors filed documents in U.S. District Court in Miami, seeking to obtain 55 Public Square through civil forfeiture. The 22-story building, once one of the city’s prize business locations, has been muddled in .
Lender files to foreclose on 55 Public Square in effort to nudge Optima toward a sale
Michelle Jarboe/Crain s Cleveland Business
The facade of the 55 Public Square office building acts as a mirror, reflecting Terminal Tower on the other side of downtown Cleveland s Public Square.
A lender is seeking to foreclose on the 55 Public Square office tower in downtown Cleveland, in a legal maneuver designed to accelerate a sale.
On Monday, Dec. 14, a local investor group that holds a note on the 22-story building filed a foreclosure lawsuit in Cuyahoga County Common Pleas Court. The move came on the heels of a $14 million judgment against an affiliate of Optima Ventures, the property s embattled owner.