Cross Creek Shopping Center was claimed by a New York-based company at a large foreclosure auction held at auction.com. The 363,333-square-feet retail center located at Riverdale Road was formerly the asset of JPMCC 2005-LDP2 Riverdale Retail, but now it belongs to Allied Development of Memphis LLC, which paid $12.7 million for the property. The real [...]
The Paul Laurence Dunbar Center slipped into foreclosure and it is now scheduled to be sold at a foreclosure auction in three weeks. The owner of the real estate is Shady Grove Baptist Church, which owned the property located at 820 North Long St. in East Spencer for almost three years. According to the Salisbury [...]
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 [...]
Boone County Courthouse saw a couple of foreclosures last week, and among those it was one for an old laundry building and one for a sizeable chunk of land. Mark and Georgia Ladlie owned and operated Sunshine Linen for years, but this is history now. The building located at 2207 Nelwood Drive near Vandiver Drive [...]
100 Wall Street, a 29-story, 504,000 square-foot building was acquired by Savanna, a New York-based real estate company though foreclosure auction. The title of the Class A building now belongs to the real estate private equity and management firm. Herrick Feinstein LLP and Savanna worked together for the transaction to close and Savanna to gain [...]
First Family Church in Overland Park is now threatened by its lenders to take possession of the property if it doesn’t pay more than $14 million in mortgage and other costs. There is a foreclosure petition filed in Johnson County District Court by Regions bank that asks the property to be foreclosed and if the [...]
Based on their tracking data from 59 major cities in U.S., the National Association of Realtors has come up with the relieving news for the heavily hit commercial real estate market which is reeling under pressure, to show improvements in fundamentals in 2011. And once the fundamentals are right, the end result of market recovery [...]
Hartford’s largest commercial landlord, Northland Investment Corp. has lost to foreclosure the first tower it purchased in the capital city the late 1990s, the Metro Center One. The foreclosure auction and more precisely the fact that Metro Center entered into foreclosure raises questions about the health of Newton real estate firm and the revitalization of [...]
The Shops at Atlas Park will be up for auction on January 28, pursuant to a judgement of foreclosure and sale. Atlas Park is an open-air shopping and entertainment center located on Cooper Avenue in Glendale, and is home to more than 20 businesses that have had turbulent fiscal quandaries in recent years. They started [...]
A Marion County judge approved a lender’s request to foreclose on the four building office complex at Allisonville Road and East 86th Street. The owners of the complex, Blue Real Estate of Glendale, California, defaulted on a $22.6 million loan in June, the foreclosure lawsuit papers say The company bought the office complex back in [...]
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