article thumbnail

Owner of NJ's American Dream Mall Faces $1.2B Loan Default, Construction Liens

ENR Construction

Pandemic-spurred financial woes are nightmares for Canadian developer Triple Five on the $5B retail and entertainment complex outside NYC.

Lien 83
article thumbnail

Construction Liens, $1.2B Loan Default Are Nightmares for NJ Mega Mall Owner

ENR Construction

Pandemic-spurred financial woes of $5B American Dream retail complex pose challenge for Canadian developer Triple Five.

Lien 36
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lucky Supermarkets Bankruptcy Triggers $1.3M in Liens Against Retail Developer

ENR Construction

Construction on a new Florida store came to a halt.

article thumbnail

Lucky Supermarkets Bankruptcy Triggers Over $1M in Liens Against Retail Developer

ENR Construction

Construction on a new Florida store came to a halt.

article thumbnail

Commercial Construction Checklist for Reviving Stalled Commercial Projects

HardHatChat

Most of these REO commercial properties fall under the multi-family construction sector, but there are also abandoned retail and restaurant spaces, not to mention hotel construction projects that have stalled and are now ripe for the picking. I.e., are there any subcontractors that have a lien on the project?

article thumbnail

Successful Commercial Construction Strategies and Operations: Tip #2

HardHatChat

For example, if your general contractor falls behind on paying their sub contractors, or they don’t pay them at all, then those subs have lien rights that you as the developer or your tenant will have to pay the sub contractor or defend your rights as a property owner.

article thumbnail

Successful Commercial Construction Strategies and Operations: Tip #1

HardHatChat

Of course there are some documents, such as lien waivers, and those that require a notary that still call for originals. And with all of your documents and photos saved online, you have nothing to put in a banker’s box, which means you have nothing to store, i.e. no storage fees. It all adds up.