Maverick blocked from auctioning former Flushing theater site
Once again, Maverick Real Estate Partners’ attempt to auction the site of the former KRO Keith’s Theater in Queens has been squashed. The co-founder of Xin Development’s parent company, which owns the site at 135-35 Northern Boulevard in Flushing, put the development site into Chapter 11 bankruptcy protection, PincusCo reported. The bankruptcy move came one day ahead of a foreclosure auction for the site. The judgment lien against Xin was put at $41.2 million. The bankruptcy filing, meanwhile, puts the value of the real estate at $90.6 million. Xin could not be reached for comment by The Real Deal. Maverick […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
America’s Top Architects: A California House By Aidlin
Darling Design Invites Nature Indoors
Latest Manhattan office recovery signal? Record rent
Ghost town under Chrysler Building and other things I don’t
understand
Why Brooklyn developers are building smaller
Rental Demand Continues To Surprise To The Upside
Understanding The Different Types Of Industrial Real
Estate
Upscale Office Buildings Bet On Restaurants To
Differentiate
Inside A $7 Million Japanese-Inspired Home In British
Columbia’s Wine Country
Duchinsky’s Sky Equity Group launches sales on Chetrit-less
UES condo project
Aya New York wins approval to exit Israeli bond market 2
years early
