A lender is attempting to seize an industrial property after issuing a loan of nearly $8 million for a property that is 66% leased. Boruch “Barry” Drillman, an investor who admitted to committing real estate fraud last year, narrowly avoided a lender’s foreclosure on an industrial property in Chicago’s South Side with an urgent court […]
Located at 462 S. Fourth St, in downtown Louisville, Kentucky, the Meidinger Tower is now under court management due to numerous financial difficulties. Since last year, the tower’s owners have stopped paying their loan, and as of today, they have accumulated a debt of approximately $30.3 million. In July 2024, its trustee, Wilmington Trust National […]
The Alora apartment complex, located at 6303 NW 63rd St, Oklahoma City, faced significant challenges last year that pushed it toward a foreclosure process that would greatly impact thousands of owners. Under pressure from the administration to make the necessary repairs and comply with the safety codes required for all city housing, the owners requested […]
The North Loop initiative plans to restart its construction efforts by the end of this year. The West Hotel project in North Loop has been inactive since last summer due to lender-related issues that halted progress. Despite widespread speculation within the development community about the project’s potential failure, the leaders, operating under Commutator Partners, have […]
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