10 articles tagged
A Durham developer's two major projects have collapsed, leading to bankruptcy filings and a web of lawsuits totaling millions of dollars from investors and contractors.
A plan to sell properties from Chicago's 'worst landowner' to cover $15 million in fines has failed, as most lots were too neglected to attract buyers.
Alexandria real estate developer Peter Labovitz has filed for Chapter 11 bankruptcy amid federal claims that he owes over $3 million in unpaid taxes.
Zions Bancorp and Western Alliance Bancorp are suing investors for a combined $158M, alleging they were misled about collateral on loans tied to a bankrupt firm.
A massive auction of 800 vacant lots in Chicago, meant to resolve a landowner's debts, fell short, with only one-third of properties selling for just $3.4 million.
National retail chain Veridian Marketplace has filed for Chapter 11 bankruptcy protection, planning to close 75 stores amid efforts to reorganize its finances.
A 200-acre development in Royal Palm Beach, Tuttle Royale, has filed for bankruptcy to avoid a property auction after facing a $47.8 million court judgment.
As real estate mogul Ken Mattson faces federal fraud charges, the lender that financed his empire, Socotra Capital, is under intense scrutiny from investors.
Over 5,100 rent-stabilized apartments across four NYC boroughs are facing a potential bankruptcy auction after the owners defaulted on over $564 million in debt.
Leaked documents reveal Medical Properties Trust used inflated real estate deals to load hospital operators with debt, leading to major bankruptcies.
