New sheriff’s sale of Union Trust building set for Jan. 7
By Sam Spatter
Published: Tuesday, November 20, 2012, 12:06 p.m.
Updated: Tuesday, February 19, 2013
A new attempt to conduct a foreclosure sale of the historic Union Trust Building, Downtown, is scheduled for Jan. 7 at an Allegheny County sheriff's sale.
The pending sale is a result of a decision by U.S. Bankruptcy Court Judge Judith K. Fitzgerald to dismiss a Chapter 11 bankruptcy petition filed by the owner of the 11-story building, 501 Grant Street Partners, which delayed a sheriff's sale on Aug. 6.
The foreclosure action is being sought by SA Challenger Inc., a subsidiary of U.S. Bank, which is owed $41.43 million by the owners of 501 Grant Steet Partners, identified as Michael Kamen, and Gerson Fox, both of Los Angeles and G&G-BH Properties LLC.
You must be signed in to add comments
To comment, click the Sign in or sign up at the very top of this page.
Subscribe today! Click here for our subscription offers.