Law360, New York (February 21, 2012, 5:10 PM ET) -- A New York state judge on Friday appointed a receiver for a 12-story downtown Manhattan office building, declining to dismiss East West Bank's foreclosure suit against its owners, who are allegedly in default on a $35 million mortgage.
Judge Barbara Kapnick said the suit against a holding company affiliated with real estate investment company Triangle Assets must proceed, and granted mortgage lender East West Bank's request to appoint a receiver of rents.
East West Bank claims the holding company, on top of failing to make its...
Receiver Appointed In NY Office Building Foreclosure Suit
To view the full article, take a free trial now.
