Int’l Bank of Commerce files motion to allow possible foreclosures on Reagor-Dykes properties

In court documents filed late Friday afternoon, the International Bank of Commerce, the bank financing most of the Reagor Dykes real estate across five Texas counties, asked the bankruptcy court to allow it to initiate foreclosure proceedings on those properties. An automatic stay is an automatic injunction that halts actions by creditors, with certain exceptions, […]

Sale points to possible new future for Northeast Philly’s troubled Liberty Plaza shopping center

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 […]