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    Arent Fox Distressed Real Estate Report | Iss. 13, Vol. 1

    November 3, 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

     
     

    Linden Lomita, LLC

    California, Central District (Los Angeles)

    Single Asset Real Estate

    $1–10 million

    GMF Enterprise LP

    California, Central District (Los Angeles)

    Single Asset Real Estate

    $1–10 million

    Mine Reclamation, LLC

    California, Central District (Riverside)

    Real Estate

    $50–100 million

    Pacific Monarch Resorts, Inc.

    California, Central District (Santa Ana)

    Resort Hotels

    $100–500 million

    South Loop 2600, LLC

    California, Central District (Santa Ana)

    Single Asset Real Estate

    $1–10 million

    Oro Villa Apartments, LLC.

    California, Eastern District (Sacramento)

    Real Estate

    $10–50 million

    Rishi and Mooni Limited Partnership

    California, Eastern District (Sacramento)

    Real Estate

    $1–10 million

    26157 Atherton Drive Partners, LLC

    California, Northern District (San Jose)

    Real Estate

    $1–10 million

    L K Imperial Development, LLC

    California, Southern District (San Diego)

    Real Estate

    $1–10 million

    Northstar Homes, Inc.

    Colorado (Denver)

    Real Estate

    $100–500K

    JER/Jameson Mezz Borrower I LLC

    Delaware

    Hotels

    $100–500 million

    Spaxon Corp II

    Florida, Southern District (Ft. Lauderdale)

    Real Estate

    $1–10 million

    Cascade Glades, LLC

    Georgia, Northern District (Atlanta)

    Single Asset Real Estate

    $1–10 million

    McPhee Properties LLC

    Georgia, Northern District (Atlanta)

    Real Estate

    $1–10 million

    3000 Poydras, L.L.C.

    Louisiana, Eastern District (New Orleans)

    Single Asset Real Estate

    $1–10 million

    A & V Properties, LLC

    Michigan, Eastern District (Detroit)

    Single Asset Real Estate

    $500K–1 million

    216 West 18 Owner LLC

    New York, Southern District (Manhattan)

    Single Asset Real Estate

    $50–100 million

    Waco Town Square Partners, L.P.

    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 or Aram Ordubegian.

    Related People

    • Mette H. Kurth
    • Aram Ordubegian

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