Bankruptcy & Restructuring News Headlines for Wednesday Nov 20, 2024

Here's what we are reading this morning:

Converted FiDi tower 180 Water St. at risk of default | Crain's New York Business: A 1970s Financial District office building converted into apartments is at risk of defaulting when its $265 million mortgage comes due this month.

Brookfield’s BofA Tower in LA Sees 69% Decline in Appraised Value – BNN Bloomberg: The value of a downtown Los Angeles tower owned by an affiliate of Brookfield Asset Management Ltd. was slashed 69%, the latest sign of troubles for offices in US central business districts.

The Onion's Infowars Bid Teed Up for Bankruptcy Court Scrutiny: An offer by The Onion and families of the Sandy Hook Elementary School shooting victims to buy right-wing provocateur Alex Jones’ Infowars platform will face court scrutiny over the auction’s transparency and the unusual structure of the winning bid.





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