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Jeffersonian Houze control moved from investors Barbat, Leibovitz in legal battle

Oversight continues until it is sold, foreclosed or redeemed
Fannie Mae had sought receivership in late April
Kirk Pinho/Crain s Detroit Business
A federal judge has appointed Ronald Glass to oversee operations of the Jeffersonian Houze high-rise on the Detroit River.
Control of the Jeffersonian Houze high-rise apartment building on the east Detroit riverfront is now out of its owners hands.
But whether you call Ronald Glass of B. Riley Financial Inc. the receiver or the person to oversee the 410-unit building at 9000 E. Jefferson Ave., you can t say suburban real estate investors Joe Barbat or Arie Leibovitz are in charge of it anymore at least for now. ....

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Riverfront complex one of many where receivership looms

Riverfront complex one of many where receivership looms
Riverfront complex one of many where receivership looms
CoStar Group Inc.
Fannie Mae sought a receivership for the Jeffersonian Houze apartment complex owned by Joe Barbat and Arie Liebovitz.
The iconic Jeffersonian Houze apartment tower on the Detroit River is facing possible receivership after Fannie Mae spelled out in federal court last week why it believes owners Joe Barbat and Arie Leibovitz can no longer be trusted to care for and maintain the 30-story building.
If the U.S. District Court of Eastern Michigan grants Fannie Mae s request to appoint B. Riley Advisory Services as receiver, it would be the latest high-profile property to fall under someone else s control due to financial or other issues. ....

United States , Detroit River , Arie Leibovitz , Joe Barbat , B Riley Advisory Services , Us District Court , Fannie Mae , Jeffersonian Houze , Eastern Michigan , Advisory Services , ஒன்றுபட்டது மாநிலங்களில் , டெட்ராய்ட் நதி , ஓஹோ பார்பட் , எங்களுக்கு மாவட்டம் நீதிமன்றம் , பன்ணிிே மே , ஜெஃபர்சோனியன் ஹவுஸ் , கிழக்கு மிச்சிகன் ,

Fannie Mae seeks receivership for Jeffersonian Houze high-rise on Detroit River

Fannie Mae seeks receivership for Jeffersonian Houze high-rise on Detroit River
Federal action latest trouble for owner of Jeffersonian Houze tower on Detroit River
Ownership group bought it about 3.5 years ago, relationship has since soured
Kirk Pinho/Crain s Detroit Business
Fannie Mae is asking a federal judge to appoint a receiver to oversee the management, finances and leasing of the Jeffersonian Houze apartment tower on the east Detroit riverfront.
Fannie Mae is asking a federal judge to appoint a receiver to oversee the management, leasing and financial operations of an iconic Detroit riverfront high-rise apartment building.
The request, filed late Tuesday afternoon in the U.S. District Court of Eastern Michigan, comes as the co-owners of the Jeffersonian Houze formerly the Jeffersonian tower at 9000 E. Jefferson Ave. have been embroiled in a legal battle in Wayne County Circuit Court for more than two months. ....

United States , Wayne County , Wayne County Circuit Court , Us District Court , Fannie Mae , Eastern Michigan , Jeffersonian Houze , ஒன்றுபட்டது மாநிலங்களில் , வேன் கவுண்டி , வேன் கவுண்டி சுற்று நீதிமன்றம் , எங்களுக்கு மாவட்டம் நீதிமன்றம் , பன்ணிிே மே , கிழக்கு மிச்சிகன் , ஜெஃபர்சோனியன் ஹவுஸ் ,