Subject: Bankruptcy/Foreclosure (BKRPT)

William Lyon Homes Inc., a Newport Beach, Calif., homebuilder that received $206 million of senior financing from Colony Capital and an affiliated REIT, has filed for Chapter 11 bankruptcy. The company has filed a pre-packaged plan of reorganization that would, ...

Commercial Real Estate Direct Staff Report An affiliate of Gramercy Capital Corp. that holds mezzanine debt against a portfolio of 107 extended-stay hotels with some 7,100 rooms, has filed for bankruptcy, thwarting an effort by another mezzanine lender to foreclose ...

The Club at Spanish Peaks, a 5,700-acre ski and golf resort in Big Sky, Montana, has shut down and last Friday filed to liquidate through a Chapter 7 bankruptcy filing. It is the latest resort in the area, all financed ...

Facing a November maturity, a $96.5 million securitized mortgage on a portfolio of 38 government-occupied buildings has been shifted to special servicing. The portfolio, owned by Genesis Financial Group, contains 1.1 million square feet that is occupied by a number ...

Honolulu Star-Advertiser Lehman Brothers Holdings Inc. has taken the 404-room Ritz-Carlton Kapalua at foreclosure auction. Lehman, which filed for bankruptcy in 2008 and is in the process of being liquidated, bid $75 million for the luxury hotel. The hotel's previous ...

Commercial Real Estate Direct Staff Report A foreclosure auction for 500 W. Monroe St., a 973,000-square-foot office building in Chicago owned by Broadway Partners will take place tomorrow at the law offices of Allen & Overy in New York. Piedmont ...

The entity that owns 32 apartment properties that collateralize a $475 million CMBS loan last week filed for bankruptcy. The loan was securitized through Credit Suisse Mortgage Securities Corp., 2007-C2. The properties' owner says they're worth only $275 million and ...

Jonathan Eilian's Atrium Hotels is aiming to take over a portfolio of 18 hotels owned by Windsor Capital Group through a foreclosure auction set for next week, according to a report in the Wall Street Journal. The newspaper reported that ...

Commercial Real Estate Direct Staff Report LNR Partners has filed a lawsuit to foreclose on $325 million of debt backed by 575 Lexington Ave., a Manhattan office building owned by a venture of the California State Teachers' Retirement System and ...

NewYork TimesNew Jersey will provide tax breaks and low-interestfinancing to investors that take over the stalled Xanadu retail andentertainment project in East Rutherford, N.J.The state is working with a group led by Credit Suisse,which foreclosedon debt against the property, in ...