PONCE INVESTMENTS v. FINANCIAL CAPITAL

No. 97-3041.

718 So.2d 280 (1998)

PONCE INVESTMENTS, INC., Appellant/Cross-Appellee, v. FINANCIAL CAPITAL OF AMERICA, etc., et al., Appellees/Cross-Appellants.

District Court of Appeal of Florida, Third District.

Rehearing Denied October 21, 1998.


Attorney(s) appearing for the Case

Eckert Seamans Cherin & Mellott and Stanley B. Price and Harvey W. Gurland, Jr. and Eileen Ball Mehta, Miami, for appellant.

Rosenberg, Reisman & Stein and Gary M. Stein, Miami, for appellees.

Before SCHWARTZ, C.J., FLETCHER, J., and SMITH, LARRY G., Senior Judge.


FLETCHER, Judge.

Ponce Investments, Inc. [Purchaser] appeals, and Financial Capital of America, Ronald R. Molina, and Raymond E. Molina, as general partners of Palm Plaza Partners, Ltd. [Sellers], cross-appeal a final judgment in an action arising from a failed real estate transaction.

The Sellers owned real property located on U.S. 1 and SW 168th Street on which stood a 40,000 square foot building housing a warehouse and retail stores. The building was extensively...

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