By Brian Ball The six-building Northeast Business Center will be sold at a receiver’s auction Dec. 16 in an effort by lender Bank of America to force prospective buyers to make a deal or get out of the way. United Country/Ohio Realty & Auction Group, an affiliate of receiver Gryphon Asset Management LLC, will auction [...]
By Kevin Kemper A former sports merchandising firm has reached an out-of court settlement with Ohio State University, but the accord is being challenged by a former business partner that says it’s owed $5.3 million. After reaching a settlement in September with Ohio State, Columbus-based Silver Knight Sales and Marketing Ltd. is planning to liquidate [...]
By Brian Ball Gryphon Realty Advisors has joined the United Country Real Estate Inc. network in a bid to expand its auction house division and diversify into the sale of condominiums and single-family houses. Rich Kruse, president of Gryphon USA Ltd., the brokerage’s parent, said the affiliation with the Kansas City, Mo.-based network will mean [...]
By Dan Eaton Thom Coffman once owned two restaurants, a popular bar and had dreams of building and owning a hotel and condominium complex. Two years later, his empire is down to his flagship Clarmont restaurant in Columbus. The restaurateur’s Grandview Heights-area dining spot, Thom’s on Grandview, has gone into receivership and closed, while other [...]
By Kevin Kemper Richard Kruse is in the bad business, and right now, business is very good. Even after hiring five employees in November, the pressure for Kruse and his company Gryphon USA Ltd. has not let up. Except for meal breaks, Kruse spends most waking hours working the phone, arranging auctions and selling off [...]
By Kevin Kemper Mike DiSabato, a former OSU wrestler, placed his Silver Knight Sales and Marketing Ltd. business into receivership March 20, putting six employees out of work. The Columbus company made collegiate merchandise and at one time held rights to sell Ohio State football jerseys and other goods. SEE MORE
By Brian Ball A six-building office campus in northeast Columbus has ended up in receivership after lender Bank of America foreclosed on the 200,000-square-foot complex. Franklin County Common Pleas Court Judge Michael Holbrook appointed Gryphon Asset Management LLC on March 2 as receiver for the Northeast Business Center properties. SEE MORE
By Brian Ball The lender to a foreclosed hotel in Delaware hopes a bit of extra marketing will help it avoid the typical two-step auction process to getting a troubled asset off its balance sheet. Ciena Capital Funding LLC has hired Lewis Center-based Gryphon Realty Advisors and Oklahoma-based auctioneer National Commercial Auctioneers to drum up [...]