Four local real estate properties associated with radio mogul Terry Jacobs are in foreclosure, with claims and judgments of unpaid debt totaling $29 million.
Banks filed against the properties in Hamilton County Common Pleas Court in November and December. The suits were filed against limited liability corporations associated with Kenwood-based JFP Group, a residential and commercial developer owned by Jacobs and his son Jeff.
The foreclosed properties include McMillan Manor, a 134-unit student apartment complex in Mount Auburn near the University of Cincinnati; Kenwood Pointe, a never-built 24-unit condo development in Madisonville; a vacant 4.5-acre Delhi Pike site that had housed Delhi Flower and Garden; and Anderson Towne Place, a never-built retail, condo and movie theater development adjacent to Anderson Towne Center on Beechmont Avenue.
More : cincinnati.com
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