Subject: Bankruptcy/Foreclosure (BKRPT)

February 8, 2001HOUSTON – Travelers Insurance has taken over the 1.3 million-square-foot Sharpstown Center mall, which has been clobbered by newer competitors.The foreclosure was reported by the Houston Chronicle.The property, the first enclosed, air-conditioned mall in Houston, started going downhill ...

November 13, 2000 NEWARK, N.J. – A U.S. Bankruptcy Court judge in Newark has approved The Grand Union Co.'s (Nasdaq:GUCO) retention of Excess Space Disposition Inc. as a consultant on real estate issues. The Lake Success, N.Y.-based firm will evaluate ...

August 1, 2000 Contractors working to renovate Manhattan's posh Park Central Hotel have forced Ian Bruce Eichner to toss the hotel into bankruptcy.The New York Post is reporting that the contractors, and other unsecured creditors, say they are owed $6.6 ...

April 5, 2000 Criimi Mae Inc. (NYSE:CMM) has moved another two steps closer to emerging from bankruptcy.Last week, the District Court for the District of Maryland dismissed a class action suit that charged officers and directors of the mortgage REIT ...

March 21, 2000 BOCA RATON, Fla. – Grand Court Lifestyles Inc. (NASDAQ:GCLI) has filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code.Go to Previous Story in the IPGDirect.com Archive.

March 15, 2000 ANN ARBOR, Mich. – Omega Healthcare Investors Inc. (NYSE:OHI) has taken possession of 30 nursing home and assisted-living properties operated by RainTree Healthcare Corp. of Phoenix.At the end of 1999, Omega had $78 million invested in properties ...

March 14, 2000BOCA RATON, Fla. – Grand Court Lifestyles Inc. (NASDAQ:GCLI), an operator of senior living facilities, has failed to pay rent on offices it occupies in Florida and New Jersey and debt payments that were due March 1As a ...

March 8, 2000 NEW YORK – Standard & Poor's lowered the corporate credit and bank loan ratings for Prison Realty Trust Inc. (NYSE:PZN) to single-B-plus from double-B and the REIT's senior unsecured debt rating to single-B-minus from single-B-plus. The ratings ...

March 2, 2000 ROCKVILLE, Md. – Criimi Mae Inc. (NYSE:CMM) has recovered $45.9 million from the sale of eight classes of subordinate commercial mortgage-backed securities from Morgan Stanley Capital I, 1998-WF2. The sale brings Criimi another step closer to reorganization. ...

January 11, 2000 Criimi Mae will be receiving an estimated $380 million of financing from Merrill Lynch and Deutsche Bank under a proposed recapitalization plan.Go to Previous Story in the IPGDirect.com ArchiveTerms of the debt call for $100 million of ...