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Tag Archives: Bankruptcy Court
SEC Sues California Man Alleging Real Estate Fund Fraud
California businessman Walter Ng, his business partner and his son were sued today by the U.S. Securities and Exchange Commission over a multimillion-dollar fraud on investors in their real estate funds. Ng and his partner raised more than $85 million … Continue reading
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Tagged Bankruptcy Court, Bankruptcy Protection, california, California Businessman, California Man, California Real Estate, California San Francisco, Cash Flow Problems, Civil Fines, Commerical Real Estate, condos, Deeds Of Trust, Disgorgement, Ed Swanson, High Interest Loans, homes, Investor Money, Karen Gullo, Lafayette California, Mortgage Fund, news, Northern District Of California, Real Estate, real estate business, Real Estate Loans, Real Estate News, Securities And Exchange Commission, townhomes, Traditional Lenders
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California May See More Bankruptcies, Chiang Says
California may see more municipal bankruptcies than the three that have been filed since June, state Controller John Chiang said. Municipal budgets already strained by surging pension costs and declining real-estate tax revenue were stripped of more than $1 billion … Continue reading
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Tagged Bankruptcy Court, Bankruptcy Protection, Budget Gap, california, California Real Estate, condos, Court Judgment, Eastvale, Fee Money, Finance Projects, homes, Imminent Danger, Jerry Brown, Jurupa Valley, Mammoth Lakes, Municipal Budgets, news, Pension Costs, Pension Issues, Real Estate, real estate business, Real Estate News, Real Estate Tax, Redevelopment Agencies, Redevelopment Funds, Revenue Source, State Controller John Chiang, townhomes, Wildomar
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California cities face credit downgrades
CREDIT RATINGS Hard-hit cities face downgrades Cities in California, where three have declared bankruptcy in the past seven weeks, may get credit-rating downgrades from Moody’s Investors Service. The situation is worsened by the state’s boom-bust real-estate economy and “hands-off” policy … Continue reading
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Tagged Air France Flight, American Airlines, Amr Corp, Bankruptcy Court, Bankruptcy Judge, Bankruptcy Protection, california, California Real Estate, Cities In California, City Neighborhoods, condos, Diverts Flight, Empire East, Estate Economy, Gas Money, homes, Inland Empire, Investors Service, Local Governments, Municipal Bonds, news, Pension Costs, Real Estate, real estate business, Real Estate News, Redevelopment Programs, September Air, townhomes, Union Pilots
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California Tribe’s Casino Files for Bankruptcy
BY KATY STECH Southern California’s Santa Ysabel Resort and Casino filed for bankruptcy protection as it faces threats of foreclosure from the Yavapai Apache Nation, which had lent the casino’s owners more than $9 million. The casino—which is owned by … Continue reading
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Tagged Bankruptcy Court, Bankruptcy Protection, california, California Bankruptcy, California Casino, California Real Estate, California Tribe, Chapter 11, Chief Judge, condos, Foreclosure, homes, Lent, news, Real Estate, real estate business, Real Estate News, S Casino, San Diego, Santa Ysabel Resort, Santa Ysabel Resort And Casino, Southern California, Stech, townhomes, Yavapai Apache Nation
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Bankrupt Agent’s $87 Million Estate Goes on Auction Block
A bankrupt real estate agent’s hilltop mansion, conceived during Southern California’s property boom and once given an estimated value of $87 million, is going up for auction after failing to sell for two years. The unfinished Italianate villa on 12.5 … Continue reading
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Tagged Auction Block, Auction Firm, Bankruptcy Court, california, California Real Estate, Car Garage, condos, Debtors, Giem, Hilltop, homes, Horse Stables, Irvine California, Italianate Villa, Mercer Island Washington, Newport Beach, news, Property Boom, Real Estate, Real Estate Agent, Real Estate Auction, real estate business, Real Estate Downturn, Real Estate News, Santa Ana Mountains, Sotheby S International Realty, Telephone Interview, Tennis Court, townhomes
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Grubb & Ellis Agrees to Sell Itself to BGC Partners in New York Bankruptcy
Grubb Ellis Co. (GRBE), a U.S. real estate services company, agreed to sell almost all its assets to BGC Partners Inc. (BGCP) and filed for bankruptcy protection. Grubb Ellis listed assets of as much as $500 million and liabilities of … Continue reading
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Tagged Arcy, Bankruptcy Court, Bankruptcy Process, Bankruptcy Protection, Bgc, california, California Real Estate, Chapter 11, Chief Executive Officer, condos, Douglas Wong, Downturn, Google, Grubb Ellis Co, homes, Joe Schneider, Lease Transactions, Linkedin, Liquidity, Michael Rispoli, news, Partners Inc, Real Estate, real estate business, Real Estate News, S Real Estate, Santa Ana California, Southern District Of New York, townhomes
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GA Keen Realty Advisors to Market, Sell Prime Midtown Manhattan Redevelopment …
WOODLAND HILLS, CA, Nov 28, 2011 (MARKETWIRE via COMTEX) – GA Keen Realty Advisors, a division of Great American Group, LLC , a leading provider of asset disposition, valuation, real estate and appraisal services, has been retained to assist in … Continue reading
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Tagged 46th Street, American Group, Appraisal Services, Asset Disposition, Bankruptcy Court, Bidding Procedures, california, California Real Estate, Co President, Comtex, condos, Family Limited Partnership, homes, Hudson River, Interested Parties, Manufacturing Plant, Marketwire, Midtown Manhattan, news, Prime Location, Prime Piece, Real Estate, real estate business, Real Estate News, Realty Advisors, Square Feet, Stalking Horse, townhomes, Woodland Hills Ca
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Lehman Italian Real Estate May Reap $160 Million Gain
October 17, 2011, 1:12 PM EDT More From Businessweek U.S. District Judge May Review 30 Madoff Trustee Suits Lehman Italian Real Estate May Reap Gain, Creditors Say Hacker Threats, Solvency II, Philippine Bonds: Compliance Alabama Immigration, Harrisburg, Kodak, United in … Continue reading
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Tagged Bankruptcy Court, california, California Real Estate, Chairman Richard, condos, Court News, Estate Interests, homes, Italian Buildings, Italian Cities, Italian Real Estate, Lehman Brothers, Lehman Brothers Holdings, Lehman Brothers Holdings Inc, Linda Sandler, Liquidation Plan, Madoff, news, Real Estate, real estate business, Real Estate Loans, Real Estate News, Resort In Hawaii, Richard Fuld, Ritz Carlton Kapalua, Solvency Ii, Substantial Gain, Telecom Italia Spa, townhomes
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Crystal Cathedral files bankruptcy-exit plan
GARDEN GROVE, Calif. — The Southern California megachurch founded by one of the nation’s pioneering televangelists, the Rev. Robert Schuller, filed a bankruptcy plan Friday that would pull the Crystal Cathedral out of crushing debt by selling its sprawling campus … Continue reading
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Tagged Bankruptcy Attorney, Bankruptcy Court, Bankruptcy Judge, california, California Real Estate, Church Buildings, Concession Stand, condos, Core Buildings, Core Campus, Court Hearing, Crystal Cathedral, Exit Plan, homes, Hour Of Power, Investment Firm, Leadership Transition, Megachurches, Multifamily Housing, news, Power Of Positive Thinking, Real Estate, real estate business, Real Estate Investment, Real Estate Investment Group, Real Estate News, Rev Robert, Robert Schuller, townhomes
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Letters: California’s bankrupt cities — who’s to blame?
Re “A tale of two cities,” Opinion, July 25 Harold Meyerson blames banks and big business for the collapse of our economy, especially for the bankruptcies of California cities hit hard by the bursting of the housing bubble. Rather, the … Continue reading →