Keen-Summit Capital Partners LLC has been retained on behalf of Mark Shapiro, Chapter 11 Trustee for WC 6th and Rio Grande, LP (Case: 23-11040), to serve as the marketing agent and real estate broker for the sale of 601 Rio Grande Street, Austin, TX: Invest in Austin: One of the Fastest Growing Cities in the… Continue reading Bankruptcy Sale: Retail/ Bar/ Club/ Restaurant in Austin, TX
Keen-Summit Capital Partners LLC has been engaged by Applied Systems Marketing, LLC. (Eastern District of New York Bankruptcy Court Case# 8-24-70422-las) in relation to the disposition of the following property: 41-49 Forest Avenue, Glen Cove, NY: Click Here to Download FlyerAdditional information available with an executed NDA. Click Here to Download the NDA. Email the executed NDA… Continue reading Bankruptcy Sale: Income Producing Commercial Properties in Glen Cove, NY
Keen-Summit Capital Partners LLC has been retained in the disposition of: 186 Greenpoint Ave, Greenpoint section of Brooklyn, NYC: 11,250 SF Four-Story Building Built in 2017 Land: 3,725 SF Commercial Units: 1 ground floor Ten Residential Units: 4 Two-bedroom units 6 Studio apartments Zoning: R6B with a C2-4 comm overlay 421 Tax Abatement: 30 Years… Continue reading For Sale: Mixed-Use Commercial Property in Brooklyn, NY
Keen-Summit Capital Partners LLC has been retained by Jonathan L. Flaxer, Esq., as Chapter 11 Trustee for the Estate of Joseph Klaynberg (“Debtor”), United States Bankruptcy Court, Southern District of New YorkCase Number: 22-10165 (MG), as his sole and exclusive advisor for selling the assets of the Debtor, consisting of LLC membership interests either in:… Continue reading Bankruptcy Sale: Membership Interests in LLCs
Zombie Offices’ Spell Trouble for Some Banks By Jeanna Smialek Feb. 8, 2024 Bank tremors serve as a reminder: Just because a crisis hasn’t hit immediately doesn’t mean commercial real estate pain isn’t coming… …In other cases, banks are using short-term extensions rather than taking over struggling buildings or renewing now-unworkable leases — hoping that interest… Continue reading ‘Zombie offices’ spell trouble for some US banks
Keen-Summit Capital Partners LLC has been retained by Harbor Custom Development, Inc. (Washington Western Bankruptcy Court Case# 23-42180-MJH) in relation to the disposition of the multi-family real estate portfolio in the Seattle/Tacoma, WA market. The auction has yet to be scheduled. Stalking Horse Offers for Entire Portfolio, Smaller Packages & Individual Properties Being Accepted Right Now! As… Continue reading Bankruptcy Sale: Portfolio of 4 Multi-Family Apartment Complexes
Patrick Clark, Natalie Wong and Diana Li, Bloomberg News, January 31, 2024 (Bloomberg) — The US commercial real estate market has been in turmoil since the onset of the Covid-19 pandemic. But New York Community Bancorp and Japan’s Aozora Bank Ltd. delivered a reminder that some lenders are only just beginning to feel the pain. New… Continue reading NY Community Bancorp Flashes a $560 Billion Real Estate Warning for Banks
Watch Matthew Bordwin, Principal & Co-President of Keen-Summit Capital Partners, discuss what he’s seeing in the commercial real estate market at the Mid Market Deal Makers Symposium in January 2024. Matt talks about the commercial debt coming due, bankruptcies, receiverships, Article 9 sales, lease restructuring, forbearance agreements, and more.
By Anna Bahney, CNN Published January 13, 2024 Washington, DC — There’s a dream solution to America’s housing crisis and to its increasingly deserted downtowns: Convert the empty offices into homes. Across the country, cities like New York, Boston and Cleveland are embracing the idea of residential retrofitting and providing incentives to do so. The Biden administration is easing the… Continue reading Can we turn all those empty office buildings into housing?
UCC Article 9 AuctionPublic Sale of Equity Interest in the following LLC This Article 9 sale provides a unique opportunity to acquire the LLC interest in JTRE 14 Vesey LLC, the entity which owns 14 Vesey Street, NY. 14 Vesey Street, located in the City Hall neighborhood, NYC: 39,644 SF Five-Story Office Building Built in… Continue reading UCC Article 9 Auction – LLC Interest with NYC Office Building
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