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Receiver Appointed in NY Office Building Foreclosure Suit

By Natalie Rodriguez, Law360
Loeb & Loeb LLP is noted and Helen Gavaris is quoted on the New York Supreme Court's decision to grant her client East West Bank's application to appoint a receiver of rents on a 12-story Manhattan office building following the borrowers’ multiple defaults under a $35 million mortgage encumbering the building. The defendant’s motion to dismiss the complaint was denied.