U.S. Bankruptcy Court Authorizes Sales of NJ Affordable Homes Corp. Real Approximately 340 properties to be sold at absolute auction NEW YORK -- Sheldon Good & Company Auctions NorthEast, (www.sheldongood.com) the nation's premiere auction and brokerage company, in a joint venture with DJM Realty, a national real estate disposition firm based in Melville, New York, has been retained by Charles M. Forman, the chapter 7 trustee Read full article »
Archives for Finance
Joint Venture To Conduct Largest Residential Real Estate Auction In New Jersey
category: Finance, Street Talk
tags: auction, New Jersey
Holley Performance Successfully Reorganizes And Emerges From Chapter 11
NEW YORK, June 29 -- Holley Performance Products Inc. announced that it has significantly improved its capital structure and liquidity through a successful voluntary bankruptcy reorganization that became effective on June 22, 2010. As a result of the reorganization, the Company reduced its debt by over $59 million and obtained new credit arrangements, including a revolving credit facility which provides Read full article »
category: Finance, Street Talk
tags: Chapter 11, Holley Performance
Auctioneers To Hold Court-ordered Absolute Bankruptcy Real Estate Auction Including Historic Former Bank Building
TULSA, Okla. -- National Commercial Auctioneers announces a court-ordered event auction event featuring properties in Fort Smith, Ark., and Haskell, Okla., on August 24, according to Stephen Karbelk, CAI, AARE, President. "We have some excellent investment opportunities here," noted Karbelk. "Now is the prime time to pick up investment real estate at auction prices." The first property in this auction is Read full article »
tags: bankruptcy, court
Six Flags Entertainment Emerges From Chapter 11 Restructuring
NEW YORK -- Six Flags Entertainment Corporation (formerly Six Flags, Inc.) announced today that it has completed its balance sheet restructuring and emerged from Chapter 11. The terms of the restructuring were confirmed by the Court effective as of April 30, 2010. The restructuring reduced Six Flags Entertainment's indebtedness and mandatorily redeemable preferred stock from approximately $2.7 billion at December 31, Read full article »
category: Finance, Street Talk
Aurora Capital Group Agrees To Purchase Assets Of Parking Company America Airports
LOS ANGELES -- An affiliate of Aurora Capital Group ("Aurora") has entered into a definitive agreement to purchase the assets of Parking Company America Airports ("PCAA"), a leading off-airport parking operator. PCAA currently operates 27 parking lot facilities near major domestic airports including seven of the nation's ten busiest airports and maintains over 30,000 parking spaces nationwide. Anthony DiSimone, Managing Partner Read full article »
category: Finance, Street Talk
tags: airport, Aurora Capital
Richland Commercial Mortgage Closes $4.5 Million Real Estate Loan
HOUSTON, TX, -- Richland Commercial Mortgage announced today the arrangement of a $4.5 million loan for the refinancing of Memorial Post Oak Centre, owned by MPO Centre Investors, Ltd. and located at 1110 North Post Oak Road in Houston. The 76,763-square-foot office-flex property is the corporate headquarters of The Richland Companies. Angie Steadman, President of Richland Commercial Mortgage, Read full article »
Miami’s 1450 Brickell Office Tower Announces 200,000 SF Of Leases Signed
May 27, 2010 – – 1450 Brickell Avenue, the premier ‘class-A’ office building in Miami’s Brickell Financial District, has finalized leases with Bancaja, H.I.G. Capital, Kempler Energy, law firm Ratzan & Rubio, Agri Commodity Trade, Preston III, global commodities trader Yntegra and another undisclosed signed tenant. 1450 Brickell developer Rilea Group, the property’s management company Rilea Management LLC, and the Read full article »
Plan Of Reorganization With Support Of Its Senior Lenders, Terminates Asset Purchase Agreement
BENSALEM, Pa., May 19 -- Orleans Homebuilders, Inc. (the "Company", or "Orleans") (Pink Sheets: OHBIQ), which develops, builds and markets high-quality single-family homes and townhouses and whose operations in Pennsylvania and New Jersey date back more than 90 years, announced today that its recent discussions with its senior lending group have resulted in an agreement to pursue negotiation of a Read full article »
category: Finance, Street Talk
tags: Chapter 11, Orleans
The Newark Group, Inc. Obtains Court Approval Of Prepackaged Plan
CRANFORD, N.J., July 30 -- The Newark Group, Inc. (the "Company"), an integrated global producer of 100% recycled paperboard and paperboard products, today announced that it has obtained court approval of its prepackaged plan of reorganization. The plan was approved by the U.S. Bankruptcy court in Newark, New Jersey just 51 days after commencement of the case. The Company expects Read full article »
category: Finance, Street Talk
tags: bankruptcy, The Newark Group
Joan Rivers Returns To Explore The Fabulous Lives Of Those Who Went From Rags To Mega-Riches
Creator Of Paul Mitchell Hair Products And Owner Of Patron Tequila, Mrs. Fields and Four Billionaires Are Among The Inspirational Stories Featured This Season Joan Rivers HERSELF Takes Television Cameras Into Her Connecticut Home For The First Time Ever And Discusses All The Things She Loves Real Estate Mogul Donald Trump Makes An Appearance On The Premiere Episode To Dish Out His Read full article »
category: Finance, Street Talk
tags: celebrities, Joan Rivers
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