Who Flakes On The Flatiron Building?
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The Rubin Brothers and Century Plaza
The Rubin brothers foreclosed on Century Plaza, a $2.5 billion hotel and condo development in LA's Century City neighborhood. Arbor Realty Trust foreclosed on four multifamily buildings in Houston valued at $229 million. Who seems to be most likely to pick up the debt? A private lender as opposed to a small bank or a big bank.
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