Deutsche Bank files $35.8M foreclosure action against White Plains building owner

Tri-State /
Mar.March 11, 2020 09:15 AM

Deutsche Bank has filed a $35.8 million foreclosure action against the owner of a building in downtown White Plains, the Westchester County Business Journal reported. The bank claims an affiliate of Ivy Equities LLC — which owns The Shoppes on Main building — fell behind on payments and operating expenses after a Walmart closed in mid-2018. Deutsche Bank now wants to foreclose on the building’s mortgage, and has asked that a court-appointed receiver “take control of the building and sell it to pay off the mortgage,” according to the outlet. Ivy’s co-CEO Anthony P. DiTommaso Jr. told the outlet the foreclosure action “will not have an effect on operations.” [WBJ]


Related Articles

arrow_forward_ios
 After a rush for suburban houses, condos in the ’burbs are seeing more interest too. (iStock)

Suburban condos get competitive

Suburban condos get competitive
35 Schoolhouse Road and Fran and Barry Weissler (Photos via Realtor and Getty)

“Chicago” producers’ estate hits market in hidden hamlet

“Chicago” producers’ estate hits market in hidden hamlet
(iStock)

Evidence mounts that high-end sales powered pandemic market

Evidence mounts that high-end sales powered pandemic market
Renderings of Target at Cross County Center in Yonkers and Target CEO Brian Cornell (Photos via Marx Realty; Getty)

Target to open in Yonkers

Target to open in Yonkers
Renters continue their tri-state bookings, eliminating the post-Labor Day slowdown (iStock)

In Hamptons and elsewhere, season no longer ends on Labor Day

In Hamptons and elsewhere, season no longer ends on Labor Day
Westchester County (Credit: iStock)

Before Ides of March, Westchester home sales were growing

Before Ides of March, Westchester home sales were growing
115 Drake Smith Lane in Rye City (Credit: Zillow)

Westchester housing market ticked up in Q1

Westchester housing market ticked up in Q1
Westchester rental market booming as city-dwellers flee

Westchester rental market booming as city-dwellers flee

Westchester rental market booming as city-dwellers flee
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...