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.
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Pending Bankruptcy Sales
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Assets
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Bidder/Amount*
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Dates
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* Amount reported in USD
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Cliffs Club & Hospitality Group Inc.
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Carlile Group
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Auction: April 23, 2012
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All assets/plan sponsor
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About $64 million in liabilities |
Sale Hearing: May 8, 2012
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Recent Bankruptcy Filings
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Debtor
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Bankruptcy Court
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Type of Property
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Reported Assets*
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* Assets reported in USD
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Carl Lindberg Construction
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California, Central District (Santa Barbara)
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Real Estate
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$1–10 million
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Cornerstone Development of Lake County, LLC
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Florida, Middle District (Orlando)
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Real Estate
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$10–50 million
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Vickery Creek Properties, LLC
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Georgia, Northern District (Atlanta)
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Real Estate
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$1–10 million
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Suite Dreams America, Inc.
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Mississippi, Northern District (Aberdeen)
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Hotel
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$1–10 million
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S.K. Properties, A North Carolina General Partners
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North Carolina, Middle District (Greensboro)
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Real Estate
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$1–10 million
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Heritage Investment Properties, LLC
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Pennsylvania, Western District (Pittsburgh)
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Real Estate
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$100–500K
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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.
