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With the approximately $46.4 million credit bid, Fannie Mae takes title to the 30-story high-rise at 9000 E. Jefferson Ave. on Sept. 30 unless Joe Barbat and Arie Leibovitz, the two real estate investors and developers who own it, redeem the property. ....
The saga of the troubled Jeffersonian Houze high-rise on the east Detroit riverfront has entered its next chapter. Fannie Mae, the lender on the 30-story apartment tower, has foreclosed on the building and scheduled a sheriff's auction of its mortgage for Feb. 17, according to a notice filed in the… ....
The saga of the troubled Jeffersonian Houze high-rise on the east Detroit riverfront has entered its next chapter. Fannie Mae, the lender on the 30-story apartment tower, has foreclosed on the building and scheduled a sheriff's auction of its mortgage for Feb. 17, according to a notice filed in the… ....
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. ....
There are plans to change the former auto dealership lot along Grand River back into a auto sales lot, although the sales would take place online. ....