Elisa Muyl

Jul 1, 2024 | therealdeal.com | Ilya Hourie |Elisa Muyl |Christian Brazil Bautista

A Greenwich Village office building tied to controversies involving WeWork in 2019 and now Arch Companies is ticketed for foreclosure. A bankruptcy judge ruled last week that 88 University Place’s lender, a fund managed by CIM Group, may proceed with foreclosure actions, after finding that an automatic stay prompted by a related bankruptcy filing would not apply to the property. CIM claimed in court filings that the mortgage and mezzanine loans on the property had been in default since July 2023.