Two mostly vacant Sacramento-area business parks are part now of a revitalization project issued by a real estate fund. Their non-performing loans were acquired by KBS Strategic Opportunity REIT, a non-traded investment trust, entity which foreclosed on the business parks. One of the foreclosed parks is Roseville Commerce Center in Roseville, consisting of five flex [...]
The three-story Downtown headquarters of retail developer Broadbent Co. faces foreclosure from Huntington National Bank, entity claiming that Broadbent defaulted on the loan it took out in 2008 to renovate the offices. The lender sued Broadbent over the default on the $12 million loan last week in Indianapolis, asking the court to appoint a receiver [...]
Today is a big day for Port Townsend: a million dollar property is available for only $300,000. The auction is an attempt to avoid foreclosure, in other words, a short sale to satisfy for the owner and the lender. “In the Northwest, I’m not sure I’ve seen a deal structured like this,” said Paul Thomas [...]
Mountain Village’s luxury Capella Telluride/Hotel Madeline property went back to its lender, Swedbank, who acquired it in a foreclosure auction. The auction was held on July 14 at the San Miguel County Treasurer’s Office, with the starting bid of roughly $126.8 million. According to the treasurer’s office, the total debt on the property was roughly [...]
Although it was a beautiful dream of the developer, the Best Western hotel at 5127 Mudd Tavern Road in Spotsylvania County never made the finish and now is scheduled for foreclosure auction. According to the notice that was published this week in The Washington Post, the property is scheduled for the July 25 auction that [...]
Tampa’s downtown iconic “Beer Can” building was sold recently for $22 million in a foreclosure sale after fetching $35 million during the real estate boom six years ago. The new owner of the 31-story building is Palm Beach County-based In-Rel Properties. The cylindrical real estate was the property of America’s Capital Partners of Miami, but [...]
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 [...]
Gallery Row is known as a prominent Tucson shopping center that features arts, crafts and a locally owned restaurant. The problem with that real estate is that its owners slipped into default. Borrower Gallery Row LP, the owner of the property located on East Skyline Drive near North Campbell Ave. is delinquent on a $5.9 [...]
A planned Northern Colorado Boondocks Fun Center designed to bring joy in the life of thousands, won’t be able to do that. It was put on hold indefinitely last summer as a result of the uncertain economy, and it slipped into foreclosure recently, court records show. The planned 52,000-square-foot facility on 10 acres in Johnstown [...]
The Old Spanish Village, located on 5.8 acres at Ponce de Leon Boulevard and Palmero Avenue has a new owner since Monday: Firstbank Puerto Rico won the foreclosure auction. FirstBank Puerto Rico used a bid based on its $83 million foreclosure judgment against the developer Ponce Circle Developers, which had a $60 million mortgage. The [...]
© 2012 Commercial Short Sale Center. All Rights Reserved. Log in - Designed by Gabfire Themes