The stalled development for West Hollywood’s Eastside, called Movietown Plaza is now on the auction block. According to sources unnamed by the LA Business Journal, a New York private.equity firm Cerberus Capital Management LP refuses to grant its ex-partner, billionaire developer Alan Casden the right to develop the 371 residential unit mixed project located at [...]
Constitution Plaza office building in the heart of Hartford, building that once housed the Travelers Education Center slipped into foreclosure. After one year of sitting vacant next to the clock tower, the lender of 132,000-square-feet building seeks to take over. The owners have received a foreclosure notice, filed by GE Asset Management, and the notice [...]
A recent Brooklyn foreclosure auction brought a Brooklyn-born developer too, who has been buying real estate across the country except Brooklyn. Now, the potential of this development brought him home, and placed a winning bid at a foreclosure auction. The chief executive officer of Thor Equities, Mr. Sitt is well known in New York for [...]
Foreclosure hit the River Park Plaza, a St. Paul office building, which belongs to Jerry Trooien’s companies. According to a notice published in the St. Paul Legal Ledger Capitol Report on Monday, the 10RPP LLC owes more than $34 million on the mortgage on the building. Finance & Commerce noted the building now in foreclosure [...]
Three Pioneer Square buildings were purchase out of foreclosure by a Canadian investment company, the Seattle Business Journal reported. The buildings were put into foreclosure since September and they include the iconic Grand Central Building on First Avenue South. Nicola-Crosby Real Estate Investments, a Vancouver-based company said on its website, that its Spire US LP [...]
The Venice company led by Richard R. Grose, Warfield Properties LLC has declared bankruptcy and filed for Chapter 7 bankruptcy protection with $651,353 is assets and $1.062 million in debts. The assets consist of three manufacturing warehouses which the company acquired back in 2007 and 2008 for a total of $725,000. Now creditors have lined [...]
Alterra Cafe, which originally was a Milwaukee foundry building faces a foreclosure lawsuit. The building features 9,000 square-foot and it is located at 170 S. 1st St. in Walker’s Point, and it (yet) belongs to 1818 LLC an investment group led by developer Tim Dixon. According to information obtained by the Milwaukee-Wisconsin Journal Sentinel, Dixon [...]
Buyers of the foreclosed Executive Airport Business Center in Fort Lauderdale could only get 10% discount from the property’s foreclosed mortgage. According information published by South Florida Business Journal the sale involved a leasehold interest in 76,273 square-feet of offices at 801 N.W. 50th St. (West Commercial Boulevard) and the broker for the seller was [...]
The Richmond Pines County Club was auctioned off Wednesday at the steps of Richmond County courthouse in front of a handful of people. The property was pushed through foreclosure as the club failed to meet its financial obligations to Fidelity Bank. No one bid for the club. “We bid it in at $396,137.53,” said Fidelity [...]
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