In December, the condo board at One57 , the ultra-luxury skyscraper on Billionaires' Row, slapped the owner of a $ 50.9 million unit with a $ 64,331 bill for unpaid building fees. Six months later, the owner, Nigerian oil magnate Kola Aluko, was under investigation for alleged money laundering. Foreclosure News
The Repossessed Concourse Towers in West Palm Beach were acquired for $ 13.81 million. Foreclosure News
Cities For Responsible Investment And Strategic Enforcement Will Equip Up To 40 Municipalities Across New York State With Innovative Technology Platform Aimed At Revitalizing Neighborhoods. Albany, NY – April 11, 2017 – Attorney General Eric T. Schneiderman today announced a new program, which will constitute an investment of up to $ 20 million over two […]
From left: 27 St. Marks Place, 66 East 7th Street, 223 East 5th Street, 514 East 12th Street and Raphael Toledano UPDATED, 4:00 p.m., March 29: An affiliate of Raphael Toledano's Brookhill Properties filed Chapter 11 bankruptcy protection on a 15-building East Village portfolio, according to bankruptcy documents reviewed by The Real Deal . Toledano […]
Ten-story One Park Place at 300 S. State St. is scheduled to be auctioned online March 27 through March 29 on Ten-X, a real estate auction site. Ten-X has been retained, in injunction with Cushman Wakefield/Pyramid Brokerage Co., to sell the building. Foreclosure News
Two office buildings on the Northeast Side of San Antonio face foreclosure after investment company Chase Merritt defaulted on an $ 89.5 million loan it used to buy 900,000 square feet of local office space about a decade ago. The buildings, which are in the Crosswinds Business & Technology Park along Interstate 35, will be […]
Yesterday, the Washington Post published an article, ” Condominiums in crisis: Financial troubles put many communities at risk ,” discussing how older condominium buildings and complexes are running into problems as they age. From the article: For five summers, a tarp has covered the swimming pool at Grand Bel II, a condominium community in Silver […]
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A lender disposed of a pair of foreclosed medical office buildings in Boynton Beach, resulting in a $ 4.35 million loss to a loan fund, according to Trepp LLC. U.S. Bank, representing a commercial mortgage-backed securities trust, won a $ 10.5 million foreclosure judgement in March against El Clair Ltd., managed by Kerry A. Greenwald […]
Once a a well-built testament to middle-class values, 1740 Chapman is now a wreck, three floors of weathered window frames, a scorched, collapsed roof, the whole joint a vine-strangled, garbage-strewn crime scene. And despite the federal government devoting millions of dollars to demolishing abandoned homes, there is no money available for the brick-and-stone walk-up, or […]