Although Fresno’s real estate leaders are celebrating some successes achieved in the county over the past year, such as completed affordable housing projects and low vacancy rates in the office space and commercial property sectors, they also acknowledge that the real estate sector still presents numerous challenges to be resolved. Fresno currently has different markets, […]
Prime Finance is filing a $101 million lawsuit, claiming the real estate developer defaulted on payments for the 27-story building. Flaherty & Collins’ marketing director, Nina Settappa, mentioned that rising operating expenses and stagnant or declining revenues have been obstacles in downtown Indianapolis. Despite this, the company was surprised by the foreclosure filing at 360 […]
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 […]
