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Receivership Profile: Northeast Property Group, Inc Appointed Receiver for 174 Unit Portfolio

Northeast Property Group, Inc.  Appointed Receiver for 174 Unit Portfolio in CT Northeast Property Group, Inc. has been appointed by the Superior Court of CT as Receiver of Rents for a significant residential property portfolio located in Bridgeport, CT on November 15, 2011. The 174 Unit portfolio is located in nine separate properties located throughout [...]

By |2011-11-29T15:37:02+00:00November 29th, 2011|Latest News, Receivership Profile|1 Comment

Recievership Profile: Northeast Property Group, Inc Appointed Receiver for 650,000SF

Northeast Property Group, Inc.  Appointed Receiver for 650,000SF In an emergency court order filed and granted on Christmas Eve, Northeast Property Group, Inc. has been appointed by the Superior Court of CT as Receiver for the property known as the Connecticut Business Center located at 321 & 322 Ellis Street in New Britain, CT. The [...]

By |2011-01-05T08:53:15+00:00January 5th, 2011|Latest News, Receivership Profile|Comments Off on Recievership Profile: Northeast Property Group, Inc Appointed Receiver for 650,000SF

Receivership Profile Shaw’s Cove Office Building New London, CT

SHAW’S COVE 6 NEW LONDON, CT   90,000 SF    Class A Office JE Robert Companies / JP Morgan Assignment: Lender initiated foreclosure proceedings while the property was 66% vacant. Complex litigation regarding borrower representations represented a delay in gaining property control. NPG was named Court Appointed Receiver in October, 2007. Strategy / Results: NPG gained [...]

By |2016-10-25T18:17:25+00:00December 21st, 2010|Latest News, Receivership Profile|1 Comment