GSA lawyers punted on constitutional issue raised by Trump hotel lease, IG report says
ABA Journal Daily News
ABA Journal Daily News
SL Green Realty Corp. obtained $ 150 million in first mortgage financing for 2 Herald Square, received from MUFG Union Bank, according to Real Capital Analytics. The real estate firm also sold a 49% stake in the property to an unnamed Israeli institutional investor. Foreclosure News
The Hermitage Club has a new lease on life after founder Jim Barnes announced the potential for a restructuring deal and named a new company president. “After months' long negotiations, the club has signed a nonbinding term sheet with Berkshire Bank to buy out its debt as part of this overall transaction,” Barnes wrote Wednesday […]
The City of Minot has begun steps to terminate the city's lease with North Dakota Port Services for unpaid rent and property taxes at the intermodal facility. The Minot City Council voted unanimously Tuesday, after meeting in executive session, to give 30-day notice of intent to terminate the lease agreement, giving the company until April […]
Four years ago, the Solana campus sat mostly empty in foreclosure, a mere shadow of its glory days as the home of IBM. Time had passed the sprawling campus by as office tenants demanded modern amenities that were unheard of when Ricardo Legoretta designed the building's bold straight lines and pastel colors. Foreclosure News
Two recent federal foreclosure cases applied Texas law and one highlighted a fact situation that may involve a new statute. In Arbuckle v. Foreclosure News
A foreclosure by a lender of a landlord's property terminates all subordinate leases on the property. In the absence of an SNDA , then whether a lease is subordinate is determined by the timing of the mortgage or similar instrument and the date of lease and the language of the lease itself. Foreclosure News
NEW DELHI: On an average, LeasePlan India, which has a fleet of around 13,000 vehicles, gets about 50 requests for a foreclosure every month.But during the last week alone, there have been over 200 requests and the company's finance director Nitu Samra fears that there may be more requests this week. At TranzLease Holdings India […]
Lenders are often asked to provide financing secured by a leasehold interest in land evidenced by a ground lease. A ground lease is an agreement between the fee owner of real estate and its tenant in which the fee owner leases the land to the tenant. Foreclosure News
JLL said Wednesday that it has been chosen to lease and manage Chesapeake Square, a 717,000-square-foot regional mall in Chesapeake that went into foreclosure and was taken over by a special servicer in April. The mall, located at 4200 Portsmouth Blvd., had been losing tenants. Foreclosure News