Courts roundup: $55M foreclosure at Hakimian’s 75 Wall; Velocity forecloses on $2.3M in Bronx
Courts roundup covering March 9 and 10, 2021: 11 commercial foreclosures totaling $64 million, with
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SL Green buys $272M loan at Lipstick Building
A group of borrowers including SL Green Realty, Ceruzzi Properties and Argentina-based IRSA through the
Mack acquires 7-hotel portfolio from Hersha, Cindat valued at $316M
Mack Real Estate Credit Strategies through its Cmtg Lender 12 LLC acquired control from Hersha
Madison Capital, Meadow compete with Churchill to buy All Year bonds for as much as $388M
By Adam Pincus Two New York-based partnership groups have submitted proposals to buy out bondholders
All Year puts large Bushwick rental in bankruptcy
By Adam Pincus An affiliate of All Year Management’s 468-unit Bushwick rental the Denizen X,
REEC accused of failing to make ground rent payments at East Village development
By Adam Pincus Developer Real Estate Equities Corp. was accused of falling behind in ground
Fortress buys $50M loan secured by Reading International’s 44 Union Square East
Fortress Investment Group through the entity DB Tammany USQ LLC acquired a construction loan with
Marketing to start for bankrupt former Grace Kelly home with more than $25M in claims
By Adam Pincus The former home of actress Grace Kelly at 51 East 73rd Street
Starrett Corp. seeks sale of Coney Island land that could be worth $34M
The Starrett Corporation is seeking an order from a judge to dissolve a partnership that