Multifamily Distress

Blackstone Seeks UCC Auction on Penn-Florida’s Via Mizner

Penn-Florida hit with $145M UCC foreclosure on Boca Raton’s Via Mizner, as South Florida multifamily debt woes grow

Lender Blackstone seeks to hold an auction on Jan. 15

Investors Sue Chicago Investor Shangxuan Tan for $34M

Lawsuit seeks $34M from Chicago investor Shangxuan Tan

Long trail of litigation accuses “severely distressed” real estate dealmaker behind multifamily firm OC Ventures of siphoning away investments, loans for personal gain

Bank’s multifamily loans at default risk skyrocket 990%

Bank’s multifamily loans at default risk skyrocket 990%

Bedraggled by rent-regulated loans, NYCB sees storm clouds ahead