Subject: Bankruptcy/Foreclosure (BKRPT)
Ramsfield/CarVal Team Take Atlanta Dual-Branded Hotel in Mezzanine Foreclosure
Commercial Real Estate Direct Staff Report Ramsfield Hospitality Finance and AB CarVal, which had provided a mezzanine loan against the dual-branded Crowne Plaza and Staybridge Suites in Atlanta's midtown area, have taken over the property. The Ramsfield/CarVal team in 2018 ...
$41Mln CMBS Loan on 3 Manhattan Apartments Headed to Foreclosure
The Real Deal A portfolio of three apartment properties with 48 units and 8,000 square feet of retail space in the North of Little Italy, or Nolita, neighborhood of Manhattan is headed toward foreclosure. The portfolio serves as collateral for ...
$273.7Mln CMBS Loan Against Club Quarters Hotel Portfolio Headed to Foreclosure
Philadelphia Business Journal The $273.7 million CMBS loan against a portfolio of four Club Quarters hotels with a total of 1,228 rooms has defaulted and is headed toward foreclosure. The loan is securitized through BX Trust, 2017-CQHP, and is senior ...
RXR Defaults on Loan Against 61 Broadway in Lower Manhattan
The Real Deal The RXR Realty venture that owns the 786,985-sf office building at 61 Broadway in lower Manhattan has defaulted on its $325 million of financing. Lenders led by Aareal Bank, which hold the loan, are slated to offer it ...
San Antonio Embassy Suites to Be Offered at Foreclosure Auction Next Month
San Antonio Business Journal The 217-room Embassy Suites by Hilton San Antonio NW I-10 hotel is scheduled to be offered for sale at a foreclosure auction next month. The eight-story property, at 7750 Briaridge Drive, previously was owned by Hotel ...
Starwood to Take Chicago Retail Property Through Foreclosure
The Real Deal Starwood Property Trust is expected to take the Shops at the LondonHouse, a 30,000-square-foot retail property along Chicago's Magnificent Mile, through foreclosure. The Miami mortgage REIT last quarter had placed a $42 million senior loan against the ...
CIT Group Takes Oakland, Calif., Office Property in Foreclosure
The Real Deal CIT Group has taken Plaza 360, a 115,186-square-foot office property in Oakland, Calif., through foreclosure. The New York financial services provider had provided $35 million of financing against the property in 2017. The previous owner, Brickman Real Estate, ...
West Palm Beach’s Banyan Cay Golf & Resort Offered at Bankruptcy Auction
The Banyan Cay Golf & Resort, which includes a Jack Nicklaus-designed golf course and 150-room Destination by Hyatt hotel in West Palm Beach, Fla., is being offered for sale as part of its bankruptcy. The property, on 250 acres at ...
Off-Broadway Theater in Manhattan Subject of Bankruptcy Sale
The Real Deal Theatre 80 St. Marks, an off-broadway theater at 78-80 St. Mark's Place in the East Village neighborhood of Manhattan, is being offered at a bankruptcy auction set for May 9. The owners of the theater, Lorcan and ...
Dilweg Gives Charlotte’s First Citizens Bank Plaza to Lender
Charlotte Business Journal Dilweg Cos. has turned over the First Citizens Bank Plaza in Charlotte, N.C., to its lender after defaulting on $120 million of financing owed against the 476,393-square-foot office property. Dornin Investment Group is the lender. Dilweg, of ...
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