Posted by Istvan Fekete
Storage
Monday, December 12th, 2011

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 [...]
Posted by Istvan Fekete
Retail
Friday, December 9th, 2011

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 [...]
Posted by Istvan Fekete
Mixed Use
Wednesday, November 30th, 2011

The historic Ioka theater was lost in foreclosure and it is scheduled for public auction tomorrow. Since Robert Detzler of Immer Besser LLC, its previous owner has closed the building three years ago, he struggled to find a buyer, but nobody was interested in purchasing the real estate. After two years of struggle, Detzler reopened [...]
Posted by Istvan Fekete
Mixed Use
Monday, November 21st, 2011

The stalled Base Village project was repossessed by its lender at a foreclosure sale held on the steps of the Pitkin County Courthouse in Aspen. There were no bids for the project, so it went back to the mortgage holder, Hypo Real Estate Group. “This means nothing happens,” said James Pavisha, with Destination Snowmass Services [...]
Posted by Istvan Fekete
Mixed Use
Friday, November 18th, 2011
The Warrenton Outlet Center was purchased for only $1.8 million Tuesday by US Bank during a foreclosure sale that took place outside the Warren County Courthouse. The former owner was Prescott Capital Management, since 2006, but it ran into financial troubles, which triggered foreclosures. The mall was once a popular shopping destination for local and [...]
Posted by Istvan Fekete
Retail
Monday, September 19th, 2011

Andrew Filipowski, the former billionaire is at risk of losing his land, just half year after he managed to settle with the successor of Carolina First Bank, TD bank regarding the Barefoot Landing shopping center. TD Bank filed a lawsuit against Filipowski in September for an unpaid debt of $14.2 million and it tries to [...]
Posted by Istvan Fekete
Office Buildings
Monday, September 5th, 2011

The former headquarters of United Western Bank was hit with foreclosure. US Bank filed a foreclosure notice against the owner of 700 17th Street. The owner of the 24-story building in downtown Denver is 700 17th Street Operating LLC, which belongs to Toma West Management Corp. And now the entity faces a $17.6 million notice [...]
Posted by Istvan Fekete
Retail
Monday, August 22nd, 2011

South Lee County Courthouse will host the foreclosure auction of the River City Mall in Keokuk on Sept. 14, as Bayview Loan Servicing LLC of Florida is foreclosing on a $980,000 loan. The money was serviced to River City Mall LLC and Shannon Zetterlund a couple of years ago. Meyers Driveway and Septic Tank Service [...]
Posted by Istvan Fekete
Appartment Buildings
Friday, August 19th, 2011
The Dublin-based Anglo Irish Bank is at a turning point where it tries to acquire all or portions of its $9.5 portfolio and the housing units in West Roxbury are part of it. And because their owners, which received a total of $12 million from Anglo Irish Bank run into financial difficulties and it could [...]
Posted by Istvan Fekete
Retail
Monday, August 15th, 2011

The Hooters restaurant in Beckley will be sold at a foreclosure auction,according to an ad placed by Walker Commercial Real Estate Services. The nearly 6,000 square-feet building that sits on 1.79 acres is scheduled at a foreclosure auction, which will take place at the Raleigh County Courthouse, September 7. Right now the Hooters location is [...]