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Real Estate Investor Sued for Non-Payment on $28 Million Artwork

Real Estate Investor Sued for Non-Payment on $28 Million Artwork

by Phil Hall | Dec 17, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

An Italian real estate investor is at the center of an art world scandal for buying an 18th century painting at a record price and allegedly refusing to pay for it. Art News reports that the Christie’s auction house filed a lawsuit in Paris against Nanni Bassani...
Former Hartford Courant HQ Going Up for Auction

Former Hartford Courant HQ Going Up for Auction

by Phil Hall | Dec 16, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The former headquarters of the nation’s oldest continuously published newspaper is scheduled to be up for auction next month. The Hartford Business Journal reports the 289,392-square-foot office and industrial property that was once the home to Connecticut’s Hartford...
Manhattan Office Building Sells in Auction at 97.5% Loss

Manhattan Office Building Sells in Auction at 97.5% Loss

by Phil Hall | Aug 5, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A 23-story Manhattan office tower that sold in 2006 for $332 million has changed hands in an online auction for $8.5 million – a 97.5% loss. The New York Times reported the owner of the property, an investment fund run by UBS Realty Investors, had previously tried to...
For Sale: Uranium-Contaminated Ohio School

For Sale: Uranium-Contaminated Ohio School

by Phil Hall | Jul 29, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

An Ohio school that was closed five years ago after radioactive contamination was confirmed on its property is going up for auction in August – with the radioactive contamination still intact. WKRC reported the Zahn’s Corner Middle School in Pike County was...
Former Illinois Hospital to Be Auctioned in Bankruptcy Sale

Former Illinois Hospital to Be Auctioned in Bankruptcy Sale

by Phil Hall | Jun 17, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

An Illinois hospital that closed in 2023 after 120 years in operation is being put up for auction in a Chapter 11 bankruptcy sale. The former St. Margaret’s Health Hospital in Spring Valley, Illinois, encompasses a five-story former hospital plus an adjacent two-story...
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