Sergio Pino certainly took his lumps during the residential real estate collapse but judging from a recent deal, he’s far from down.
The Miami home-builder has given up numerous development sites while grappling with messy litigation with lenders. He is also involved in a protracted court case with the federal government over a $460,000 fine for alleged environmental violations. In addition, court filings in the environmental case show he is involved in a separate dispute with the Internal Revenue Service that’s expected to cost one of his companies at least $12 million to settle.
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