A unit of Huntington Valley-based Sant Properties L.P. has acquired the Liberty Plaza shopping center in Northeast Philadelphia for $ 10.4 million, pointing toward a possible path forward for the financially troubled property still reeling from the loss of its anchor Walmart store four years ago. Sant Properties, which is operated by real estate investors […]
Frost Bank announced in October that it would be vacating the high-rise building bearing its name on North Carancahua Street in Corpus Christi. Although Frost Bank's name prominently adorned the top of the 23-story high-rise, it did not own the building. Foreclosure News
The Plaza at PPL Center in Allentown, Pa., home to Talen Energy, could soon be headed for the commercial mortgage bond equivalent of foreclosure, a move that would open the door to new owners who could offer lower, more competitive rents. The current owner, a group called The Plaza at 835 W. Hamilton St., which […]
The bank that holds the mortgage on the Crowne Plaza Hotel complex has initiated foreclosure proceedings against the two entities that hold the note, six months after both corporations were involuntarily dissolved by the state. Santander Bank announced its intent to foreclose on the $ 16.5 million mortgage held jointly by Berkshire Common Corp. and […]
After a canceled foreclosure auction this spring, an unidentified member of the Saudi royal family and London-based investment firm 3 Associates are in talks to buy the iconic property for $ 352 million, the New York Post reported. The joint venture is also looking to buy London's Grosvenor House for $ 882 million and the […]
A foreclosed shopping center in Mundelein that officials say Wal-Mart has expressed interest in is scheduled to be auctioned off May 17, according to Lake County Sheriff’s spokesman Christopher Covelli. Oak Creek Plaza, located near Townline Road and Route 45, is commonly known as the former home of Menards, which closed in 2013. Foreclosure News
All those interested in bidding for the Plaza Hotel at auction may just have to buy it the old fashioned way. David and Simon Reuben, the billionaire investors who own the debt on the property , agreed to cancel a planned foreclosure auction to allow more time for Subrata Roy’s Sahara India Pariwar, the hotel’s […]
New York’s Plaza Hotel is poised to go on the auction block next month, potentially ending two years of uncertainty over ownership of the storied property off Central Park. Billionaire brothers David and Simon Reuben hold the mortgage on the five-star hotel and have scheduled a foreclosure auction for April 26, according to a person […]
New York’s Plaza Hotel is set to go on sale in an auction next month, Bloomberg reported on Wednesday. David and Simon Reuben hold the mortgage on the five-star hotel and scheduled a foreclosure auction for April 26, Bloomberg said, citing a source. Foreclosure News
The daughter of one of India’s best-known businessmen, Vijay Mallya, reached a special agreement that delayed a foreclosure on her trophy Trump Plaza penthouse last year as her liquor baron father’s financial problems mounted, according to documents reviewed by The Real Deal . Tanya Mallya, a student at Columbia University who lives in a penthouse […]