Bakersfield’s tallest office building will be sold the the highest bidder. This will happen at the foreclosure auction scheduled for 13th July. According to county records, the owner of Stockdale Tower os about $2 million behind on payments of $24 million loan. However, developer Terry Moreland seems positive, because he stated they are negotiating [...]
Royal Bank of Canada is the new owner of Marion Centre mall starting last Thursday. The Toronto-based bank which held the mortgage on the property submitted the sole bid of $1,016,783 through Sterling Colvin, meeting the minimum bid requirement of two-thords of the property’s appraised value of $1,500,000. “We’re going to do what’s in [...]
Bank of America has postponed the foreclosure auction for Greenbridge, a prominent mixed-use development located at 601 W. Rosemary St. in Chapel Hill that is facing foreclosure. The confirmation came from Shirley Norton, Bank of America spokeswoman, while the auction was scheduled for June 27. The reason it postponed the foreclosure auction is to give [...]
The $4.9 billion Ginn sur mer resort project is more than 16 quarters delinquent totaling a $78 million in debt. The lenders, led by Credit Suisse urged the Supreme Court to allow them to foreclose on 1,476 acres of prima Bahamian real estate-. According to documents filed with the Bahamian Supreme Court last month, Credit Suisse [...]
The Dakota office building in Anne Arbor is scheduled for foreclosure auction June 13 as the lender holding the $3.7 million loan is looking for a buyer for the note. The opening bid for the real estate located at 1785 W. Stadium,developed by Michael Concannon in 2006 is $250,000 and the auction follows an unusual [...]
The Plymouth Radisson’s $7.1 million matured six months ago, and the owners have to come up with something very fast if they want to retain the title hotel. However, New York-based Elliot Heifetz doesn’t seem worried, at least that’s what he showed saying that negotiations with the loan’s special servicer are ongoing and the is [...]
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