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    Arent Fox Distressed Real Estate Report | Iss. 12, Vol. 1

    November 7, 2011

    Arent Fox attorneys have significant experience advising parties with respect to the workout, disposition and acquisition of real property, distressed real estate loans and other assets. We regularly monitor not only cutting edge developments in real estate, commercial and bankruptcy law, but we stay abreast of real estate-related bankruptcy filings across the country. Following is a listing of just a few recent real-estate filings and pending sales.

     

    Pending Bankruptcy Sales

     

    Assets

    Bidder/Amount*

    Dates

    * Amount reported in USD

    United Marion LLC

    None

    Bids Due: Nov. 10, 2011

    Bronx, NY, 26-unit apartment building

    None

    Auction: Nov. 14, 2011
    Sale Hearing: Nov. 22, 2011

    United Walton LLC

    None

    Bids Due: Nov. 10, 2011

    Bronx, NY, 65-unit apartment building

    None

    Auction: Nov. 14, 2011
    Sale Hearing: Nov. 22, 2011

     

    Recent Bankruptcy Filings

     

    Debtor

    Bankruptcy Court

    Type of Property

    Reported Assets*

    * Assets reported in USD

     
     

    Malibu Ocean View Villas, LLC

    California, Central District (Los Angeles)

    Real Estate

    $1–10 million

    Elko Mall of America, LLC

    California, Central District (Los Angeles)

    Single Asset Real Estate

    $1–10 million

    K Land Associates, LLC

    California, Central District (Los Angeles)

    Real Estate

    $500K–1 million

    C & M Russell, LLC

    California, Central District (Los Angeles)

    Real Estate

    $10–20 million

    Dissolution Properties LLC

    California, Northern District (San Francisco

    Real Estate

    $1–10 million

    Post 240 Partners, LP

    California, Northern District (San Francisco)

    Single Asset Real Estate

    $50–100 million

    R & Y Hammond, Limited Partnership

    Colorado (Denver)

    Real Estate

    $1–10 million

    The Palms of Belleair, LLC

    Florida, Middle District (Tampa)

    Single Asset Real Estate

    $1–10 million

    David & Sandy Properties LLC

    Florida, Middle District (Tampa)

    Single Asset Real Estate

    $500K–1 million

    Gasperilla Lodging, LLC

    Florida, Middle District (Tampa)

    Hotel

    $1–10 million

    Dutch Run-Mays Draft, LLC

    Florida, Southern District (Ft. Lauderdale)

    Single Asset Real Estate

    $1–10 million

    Tradeport Business Center One, LLC

    Georgia, Northern District (Atlanta)

    Single Asset Real Estate

    $1–10 million

    IRED Elmhurst, L.L.C.

    Illinois, Northern District (Chicago)

    Single Asset Real Estate

    $1–10 million

    NILU Hospitality, Inc.

    Illinois, Northern District (Chicago)

    Hotel

    $1–10 million

    Grant Street LLC

    Michigan, Eastern District (Detroit)

    Real Estate

    $1–10 million

    Loraux Enterprises, LLC

    Nevada, Las Vegas

    Single Asset Real Estate

    $1–10 million

    Raddco Enterprises, LLC

    Nevada, Las Vegas

    Real Estate

    $1–10 million

    Warren Hospitality Associates, L.P.

    Pennsylvania, Western District (Erie)

    Real Estate

    $500K–1 million

    Alcoma Golf, L.P.

    Pennsylvania, Western District (Pittsburgh)

    Real Estate

    $1–10 million

    PDSS Partners, LP

    Texas, Eastern District (Sherman)

    Real Estate

    $1–10 million

    Lynn Square, Ltd.

    Texas, Eastern District (Sherman)

    Single Asset Real Estate

    $1–10 million

    1002 Gemini Interests LLC

    Texas, Southern District (Houston)

    Single Asset Real Estate

    $1–10 million

     

    This report is provided exclusively to our firm's clients and certain investors, developers, lenders, and entities with which we have a relationship. For additional information about any of the cases listed above, please contact Mette Kurth and Aram Ordubegian.

    Related People

    • Mette H. Kurth
    • Aram Ordubegian

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