>Miami Beach Shore Club once again in foreclosure

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For the second time this year, the Shore Club hotel in South Beach has been hit with a foreclosure.
Philips South Beach, the New York group that owns the iconic hotel, fell into foreclosure in March when its lender filed a $126 million lawsuit in federal court. It temporarily escaped foreclosure in November, when a federal judge ruled that U.S. District Court was not the proper venue for the complaint.
 

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