- Posted September 30, 2011
- Tweet This | Share on Facebook
Judge names receiver for Detroit's Riverfront Towers
DETROIT (AP) -- A federal judge has appointed a receiver for an icon of the downtown Detroit waterfront after mortgage giant Fannie Mae sued owners of the 550-unit Riverfront Towers apartment complex for $70 million.
The lender says owners of the 24-acre complex are in default on a $55 million mortgage. The suit seeks to recover that money, plus fees.
On Wednesday, Judge Avern Cohn named Ronald Glass as receiver and barred transfer of the property or rent money.
The Detroit News says resident manager Peggy Evans told residents the building is safe and they may stay.
The Associated Press was unable to locate the owners for comment. Neither Montvale, N.J.-based Empirian at Riverfront LLC nor Monsey, N.Y.-based Aintsar Riverfront LLC has a telephone listing.
The complex also has a 77-slip marina.
Published: Fri, Sep 30, 2011
headlines Oakland County
- Meet the Judges
- Owner of twice-sunken Lake Michigan barge pleads guilty to felony
- Justice Dept. reaches civil settlement with victims abused by Lawrence Nassar
- Oakland County, Oakland Livingston Human Services Agency launch Oakland County Senior Chore Pilot Program
- U.S. Immigration Court judge to be keynote speaker at law school’s Law Day virtual celebration
headlines National
- New Legalese: You may have heard a deepfake, but what about ‘Twiqbal’?
- From Intake to Outcome: An in-house lawyer’s guide to matter management solutions
- 2 BigLaw firms in merger talks that could produce 1,600-lawyer firm with top 50 revenue
- Send in the paralegals
- Lawyer reprimanded after mistakenly emailing opposing counsel with plan to avoid judge’s call
- ‘I don’t play well’ judge who threatened to track down, jail misbehaving litigant gets tossed from case