Receivership

Gryphon Appointed Receiver for Additional Car Wash

Gryphon Asset Management and its’ principals Richard and Melissa Kruse have been appointed as receiver and ordered to take control of two operating car wash operations in Columbus and London Ohio. The Complaint in Foreclosure was filed on behalf of Fifth Third Bank and against owner Midwest Development on February 8, 2013 with a Motion [...]

By |2016-10-04T10:09:57-05:00April 20th, 2013|Receivership|Comments Off on Gryphon Appointed Receiver for Additional Car Wash

Unfinished retirement complex in Hilliard finally nearing resolution

The unfinished $34 million first phase of the Hickory Chase retirement community in Hilliard sits empty on a snow-covered site behind a security fence 3½ years after its lenders forced the property into foreclosure.  Original Post: http://www.bizjournals.com/columbus/print-edition/2013/02/08/hickory-chase-heading-toward-judicial.html

By |2016-10-04T10:09:57-05:00March 12th, 2013|Foreclosure, Real Estate, Receivership|Comments Off on Unfinished retirement complex in Hilliard finally nearing resolution

Gryphon Appointed Receiver for Grace Plaza

March 5, 2013 (COLUMBUS, OH.) – Gryphon Asset Management and its’ principals Richard and Melissa Kruse have been appointed as receiver and ordered to take control of the Grace Plaza retail center just outside of downtown Powell, Ohio, a suburb of Columbus. The Complaint in Foreclosure was filed on behalf of Heartland Bank and against [...]

By |2016-10-04T10:09:57-05:00March 5th, 2013|Real Estate, Receivership|Comments Off on Gryphon Appointed Receiver for Grace Plaza

Unfinished retirement complex in Hilliard finally nearing resolution

By Brian Ball The unfinished $34 million first phase of the Hickory Chase retirement community in Hilliard sits empty on a snow-covered site behind a security fence 3½ years after its lenders forced the property into foreclosure. In a matter of months, the facility may have a new owner to complete the project. Franklin County [...]

By |2020-12-18T09:25:00-05:00February 7th, 2013|Auction, Foreclosure, Real Estate, Receivership|Comments Off on Unfinished retirement complex in Hilliard finally nearing resolution

Grandview’s Historic Knotty Pine Grill In Receivership

March 12, 2012 (COLUMBUS, OH.) – Gryphon Asset Management and its’ principals Richard and Melissa Kruse have been appointed as receiver and ordered to take over management of the historic Knotty Pine Pub & Grill in the City of Grandview Heights, Ohio. The Knotty Pine was originally opened in 1935 by Baise and Maria Ciconne [...]

By |2016-10-04T10:09:57-05:00October 24th, 2012|Receivership|Comments Off on Grandview’s Historic Knotty Pine Grill In Receivership

Northeast Business Center up for auction as lender tries to force issue

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 |2020-12-14T09:47:50-05:00December 7th, 2009|Auction, Foreclosure, Real Estate, Receivership|Comments Off on Northeast Business Center up for auction as lender tries to force issue

Ohio State, merchandiser settle dispute over dropped licensing deal

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 |2020-12-14T09:52:17-05:00November 5th, 2009|Business Liquidation, Ohio State, Receivership|Comments Off on Ohio State, merchandiser settle dispute over dropped licensing deal

Gryphon branching out as others muscle in on distressed real estate

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 |2020-12-14T10:26:25-05:00October 12th, 2009|Auction, Foreclosure, Online, Private Selling Officer, Real Estate, Receivership|Comments Off on Gryphon branching out as others muscle in on distressed real estate

Receiver takes control of Thom’s

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 |2020-12-14T09:54:39-05:00May 29th, 2009|Business Liquidation, Receivership|Comments Off on Receiver takes control of Thom’s
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