The foreclosure crisis has new hit even the tallest building of Southeast. The 55-story Bank of America plaza is heading to a foreclosure auction that will be held tomorrow on the steps of the Fulton Country Courthouse. This is the result of the high price BentleyForbes paid at the height of the housing bubble when [...]
Colonial Golf and County Club ends its more than a decade financial and political struggle by closing its doors. Tony Manzella, who purchased the 88-acre property two years ago announced that after exploring all available option to develop a plan to retire the club’s debt he closes the club’s doors January 31, three weeks before [...]
The housing crisis affected many prominent buildings across the country. Glen Falls’ Roger Building is yet another prominent building that is no scheduled to be sold at foreclosure auction due to foreclosure. The property that sits vacant for a couple years now it is located at 21 Bay St., across from City Park and Crandall [...]
Keasarge House LLC and the Atlantic Keasarge Parking Lot LLC in York Beach were sold Thursday for $1.1 million as creditors have formed a queue for recovering debt. Kearsarge House LLC, 6 Railroad Ave., and the parking lot at 4 Main St., across the street from Kearsarge House, were sold to Kearsarge Acquisition Company LLC, [...]
The financial crisis has hit hard commercial property owners and Lakeville is not an exception. Recently a downtown Lakeville business owner received a foreclosure notice on his building that houses Holly’s Centre Stage Dance, according to theDakota County Tribune. The building is located at 20721 Holyoke Ave. and it had trouble keeping tenants since it [...]
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 [...]
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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