Greenwich
REAL ESTATE
Arch’s 88 University heads toward foreclosure
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.
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