Part of Chaskiel Strulovitch’s Brooklyn portfolio to be sold at auction The lengthy saga between lender Maverick Real Estate Partners and landlord Chaskiel... Link To ArticleRead Text
Protection Dissolving for Borrowers in NY Seeking to Halt UCC Sales The coronavirus pandemic made the legal system in New York much friendlier toward commercial property owners with assets... Link To ArticleRead Text
DeNardo Bankruptcy Staves Off UCC Foreclosure on Westchester Condo Development A virtual uniform commercial code (UCC) foreclosure auction that was scheduled to take place today on a luxury condomini... Link To ArticleRead Text
Grace Kelly’s former Upper East Side mansion returning to market East 73rd Street property will be sold as part of bankruptcy proceedings. An Upper East Side building with a storied pas... Link To ArticleRead Text
To stop foreclosure, Westchester condo developer files for bankruptcy Westchester County developer DeNardo Capital filed for Chapter 11 bankruptcy Tuesday, stopping a planned foreclosure auc... Link To ArticleRead Text
Selling Significant Assets Without a Stalking Horse: Is It Risky? When selling significant assets in chapter 11, more often than not debtors and their professionals proceed with a stalki... Link To ArticleRead Text
Notables in Real Estate 2021: Greg Corbin Greg Corbin is head of bankruptcy and restructuring at commercial brokerage firm Rosewood Realty Group, where he special... Link To ArticleRead Text
Flushing Building Package Sells for $28M in Bankruptcy Auction J&C International Group, a Chinese investment company focused on the Queens market, has purchased 11 mixed-use buildings... Link To ArticleRead Text
Upper East Side condo conversion fetches $51M at auction The stalled 14-unit project had a projected sellout of $105M. A Upper East Side condo conversion just sold at auction, a... Link To ArticleRead Text
Isaac Hager’s Downtown Brooklyn hotel heads to foreclosure Bluestone Group holds mezz loan on the Tillary Hotel. A Downtown Brooklyn hotel that provided housing for the homeless i... Link To ArticleRead Text
Iranian princess’ Midtown palace finally finds a buyer A townhouse near the United Nations that had been home to the princess of Iran after she fled the revolution has sold at... Link To ArticleRead Text
Inside the battle for an Iranian princess’ Midtown mansion Two former employees of the late Ashraf Pahlavi are locked in a legal feud over her 12K sf townhouse 29 Beekman Place an... Link To ArticleRead Text