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, [...]
A Spokane Bank is now the owner of large pieces of the troubled Ridpath Hotel in a move that can lead to its clear its ownership problem surrounding the iconic downtown hotel. Furthermore, some voices say this takeover can lead to its restoration and even opening. A public foreclosure auction was held Friday in the [...]
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 [...]
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 [...]
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