Multifamily Distress

Icon Realty gets its workout in, saves 19-building portfolio

Firm had defaulted in May on $109M loan

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