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Judge grants Dayton's developer restraining order – Finance & Commerce

Judge grants Dayton's developer restraining order – Finance & Commerce
finance-commerce.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finance-commerce.com Daily Mail and Mail on Sunday newspapers.

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Dayton's Project owners ask court for time to get financing together

Dayton s Project owners ask court for time to get financing together
Dayton s Project owners ask court for time to get financing together
Judge hears arguments as Dayton s Project owners request temporary restraining order to prevent a takeover by hedge fund, reveal possible new lender in $350 million project.
August 3, 2021 6:42pm
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After a brutal volley of accusations, the future ownership of the Dayton s Project office building on Nicollet Mall is in the hands of a Minnesota judge.
During a virtual hearing Tuesday, Hennepin County District Judge Susan Burke weighed a temporary restraining order requested by the current owners to prevent the sale of the ownership interests of the 12-story former department store building in downtown Minneapolis that is beloved by generations of nostalgic Minnesotans. ....

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Judge sets Dayton's Project hearing for next week – Finance & Commerce

Judge sets Dayton's Project hearing for next week – Finance & Commerce
finance-commerce.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finance-commerce.com Daily Mail and Mail on Sunday newspapers.

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CareRite Pays $35M for South Miami-Dade Nursing Center

CareRite Pays $35M for South Miami-Dade Nursing Center
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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Dayton's Project lender throws new wrinkle: foreclosure sale

Dayton s Project lender throws new wrinkle: foreclosure sale
The city of Minneapolis supports the developer and plans to weigh in on court battle.
July 13, 2021 5:26pm
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A key lender of the Dayton s Project on Nicollet Mall now wants to auction off the loan to the highest bidder, a move the project s developer along with the city of Minneapolis and downtown boosters plan to fight in court.
New York-based Monarch Alternative Capital purchased the original $78 million mezzanine loan on the iconic, but mostly vacant, former Minneapolis department store from investor Angelo Gordon in February.
In recent weeks, however, Monarch informed the developer and owner of the Dayton s Project, 601 Minnesota Mezz, that it considers the collateralized loan in default because it missed key leasing targets and deadlines. ....

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