Landlord seeks bankruptcy in Miami over “blighted” New Orleans housing
A Miami-based company filed for bankruptcy amid a yearslong legal battle over the redevelopment and demolition of a vacant New Orleans affordable housing complex. Granaio LLC, which is owned by Joshua Bruno, petitioned for Chapter 11 reorganization in Miami federal court on June 24, listing $37 million in assets and $19 million in liabilities. The bankruptcy was meant to stop what the company alleges was the City of New Orleans’ unauthorized demolition of its DeGaulle Manor property at 3010 Sandra Drive, the company said in a statement provided by its attorney Adam I. Skolnik. The $37 million in assets consist […]This article originally appeared on The Real Deal. Click here to read the full story.
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Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131