Latest news with #HilcoRealEstateSales
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2 days ago
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Hilco Real Estate Sales Launches Bankruptcy Sale of 110-Unit Portfolio in Opportunity Zone Of Pittsburgh
NORTHBROOK, Ill., July 28, 2025 /PRNewswire/ -- Hilco Real Estate Sales (HRE), is pleased to announce the sale of a 110-unit affordable housing portfolio located in the Homewood South neighborhood of Pittsburgh, Pennsylvania. The portfolio sale is subject to approval by the United States Bankruptcy Court, with bids due by August 14. Spread across 21 buildings, all 110 units are covered under a Housing Assistance Payments (HAP) contract, providing immediate income potential for the next owner. The properties currently operate at approximately 80% occupancy, compared to the local market average of 96%, offering substantial upside through stabilization, renovation and improved operational efficiency. With a trailing 12-month net operating income of approximately $614,000 and the backing of the in-place HAP contract, the portfolio provides a strong foundation for growth and improved returns, making it well-suited for both existing affordable housing providers looking to expand their portfolio and new entrants seeking a scalable entry point into the sector. Pittsburgh offers strong fundamentals for multifamily and HUD housing investment through its steady demand from healthcare, education and technology sector renters and, within this market, the Homewood neighborhood presents significant opportunities for affordable housing strategies such as Section 8, Rental Assistance Demonstration (RAD) conversions or Low-Income Housing Tax Credit (LIHTC) redevelopment. Long-term city planning initiatives, including the Homewood Comprehensive Community Plan and Choice Neighborhoods, reflect sustained public investment in housing, infrastructure and community development. These efforts reduce investor risk while supporting long-term value creation through repositioning and stabilization. Building on these initiatives, Homewood has become a focal point for active revitalization led by the Urban Redevelopment Authority of Pittsburgh. In February 2025, the City, in partnership with the Homewood Community Development Collaborative, started its targeted effort to remediate and demolish underinvested and outdated properties, laying the groundwork for new development. As part of this strategy, $2 million in federal American Rescue Plan Act funds were allocated to improve key sites near the neighborhood's business corridor. Together, these efforts highlight the city's ongoing commitment to neighborhood transformation, creating a supportive environment for multifamily investors looking to gain early footholds in a high-potential area poised for renewal. "For investors looking to scale in a growing metro like Pittsburgh, this portfolio presents a compelling opportunity," said Jamie Coté, vice president at Hilco Real Estate. "Beyond the strong foundation of HAP-backed income and its central location, what sets this apart is the upside tied to both property-level improvements and broader neighborhood revitalization. With targeted management and modest upgrades, there's a clear path to long-term value as the city continues its investment in Homewood's renewal." The sale is subject to Bankruptcy Court Approval of the United States Bankruptcy Court for the District of New Jersey (Trenton), Petition No.: 25-15343-MBK, In re: CBRM Realty Inc. Bids must be received on or before the deadline of August 14, 2025, at 4:00 p.m. (ET) and must be submitted with the Purchase and Sale Agreement (PSA) available for review and download from Hilco Real Estate Sales' website. On-site inspections will be held on July 23 and August 6 by appointment only. Interested bidders should review the terms of sale for requirements to participate in the sale process available on Hilco Real Estate's website. For further information, please contact Jamie Coté at (847) 418-2187 or jcote@ and Jonathan Cuticelli at (203) 245-0539 or jcuticelli@ For further information on the property, sale process and terms or to obtain access to due diligence documents, please visit or call (855) 755-2300. About Hilco Real Estate SalesSuccessfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company ( we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments. The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial, and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation. View original content to download multimedia: SOURCE Hilco Real Estate Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
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Hilco Real Estate Sales Announces 140± AC Guadalupe Riverfront Residential Development Bankruptcy Sale in Lake Canyon, Texas
NORTHBROOK, Ill., July 14, 2025 /PRNewswire/ -- Hilco Real Estate Sales announces September 30, 2025, as the qualifying bid deadline for the 141.87± AC, shovel-ready development opportunity known as The Bluffs on the Guadalupe. Offered by order of the U.S. Bankruptcy Court, Western District of Texas (Austin) – Case No. 24-10411 (In re: TBOTG Development, Inc.), this generational property presents an unparalleled canvas for visionary residential and mixed-use development. Positioned at the southeast corner of FM 306 and the Guadalupe River in Canyon Lake/New Braunfels, the property boasts nearly 2,700' of FM 306 frontage, providing exceptional visibility and access along this growing retail commercial corridor. Surrounded by dramatic bluffs, heritage oaks and cypress-shaded trails, the site is fully entitled with infrastructure in place to accelerate development. The property encompasses approximately 141.87± acres with no zoning restrictions, offering over a mile of unparallel Guadalupe River frontage that creates a spectacular backdrop for future development. Existing plans total 95 lots that breakdown as 26 waterfront estate lots (only 13 of which remain), 53 interior estate lots, 16 hillside cabins and approximately 12± acres of commercial frontage land, providing a balanced mix of residential and commercial opportunities. Infrastructure is already in place, including a model home and sales office, asphalt roads and public utility connections for water, electricity and communications. Additionally, all Living Unit Equivalents (LUEs) have been paid in full and are ready to transfer to future ownership to support immediate build-out. Residents and guests will enjoy a 1.7-mile private riverfront walking trail that encircles the property, low taxes and thoughtfully designed community recreation amenities that highlight the property's natural beauty. Just minutes from the vibrant centers of downtown New Braunfels and San Marcos, and less than an hour's drive from the major metropolitan hubs of Austin and San Antonio, The Bluffs on the Guadalupe is ideally situated in the heart of Central Texas' fastest-growing lifestyle corridor. This prime location offers seamless access to both urban amenities and the region's renowned natural attractions. Nearby destinations include Canyon Lake, a popular spot for boating and fishing; Camp Fimfo, one of the nation's top-rated RV resorts; and the Whitewater Amphitheater, a celebrated live music venue that draws thousands of visitors each season. Just down the road, the Gruene Historic District offers charming shops, restaurants and the legendary Gruene Hall dance venue, while the Texas State University campus anchors a vibrant academic community. Enhancing the area's appeal even further is the planned Waterway Lane Hike and Bike Trail extension, which will span Gruene Road to Old FM 306 and the Guadalupe River, connecting residents and guests to miles of scenic outdoor recreation. Terence Rochford, senior vice president at Hilco Real Estate Sales, stated, "The Bluffs on the Guadalupe is simply unmatched in the market—a rare combination of riverfront property, shovel-ready infrastructure and a prime location that sits at the intersection of growth and recreation." Stephen Madura, senior vice president at Hilco Real Estate Sales, added, "With entitlements in place, no zoning restrictions and proximity to some of Central Texas' most desirable destinations, this property represents an extraordinary opportunity for developers to create a landmark community that will define the continued growth of the Canyon Lake and New Braunfels areas for decades to come." Qualifying bids must be received on or before the deadline of September 30, 2025, at 5:00 p.m. (CT) and must be based on the Purchase and Sale (PSA) document available for review and download from Hilco Real Estate Sale's website. Interested bidders should review the requirements in order to participate in the bankruptcy sale process available on Hilco Real Estate Sale's website. For further information, please contact Steve Madura at (847) 504-2478 or smadura@ or Michael Kneifel at (847) 201-2322 or mkneifel@ For additional details, due diligence access and terms of sale, visit Hilco Real Estate Sales or call (855) 755-2300. About Hilco Real Estate SalesSuccessfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company ( we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments. The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation. View original content to download multimedia: SOURCE Hilco Real Estate Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
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HILCO REAL ESTATE SALES ANNOUNCES OCEANFRONT HOTEL INVESTMENT OFFERING AVAILABLE FOR SALE IN NEWPORT, OREGON
NORTHBROOK, Ill., June 2, 2025 /PRNewswire/ -- Hilco Real Estate Sales, in cooperation with Marcus & Millichap, announce July 17, 2025, as the offer deadline for the Shilo Inns Newport Oceanfront, a 179-room, full-service hotel located at 536 SW Elizabeth Street in Newport, Oregon. Positioned directly on the Pacific Ocean, this fee simple offering represents a compelling opportunity for experienced hospitality investors, operators or redevelopers to acquire a large-scale coastal property in one of Oregon's most desirable tourism markets. The hotel spans 2.48± acres across five buildings and offers 900 feet of exclusive beachfront access. Built in 1966, the property features 179 spacious guest rooms with both interior and exterior corridors, along with over 5,000± SF of meeting space, a 3,450± SF full-service restaurant and lounge with panoramic ocean views, a 1,178± SF café and two indoor pools. Zoned C2, the property is strategically located near key demand drivers including Nye Beach, the Oregon Coast Aquarium and the Hatfield Marine Science Center, all accessible via U.S. Route 101. Newport is a year-round tourist destination known for its scenic beauty, historic bayfront, active marine industry and outdoor recreation. The city draws consistent drive-to traffic from Portland and Eugene and benefits from a moderate hotel supply with limited new development. These favorable market dynamics, combined with the Shilo Inn's prime location and strong existing revenue, position the property for significant value-add potential through operational enhancements, capital improvements or full-scale redevelopment. Jordan Schack, vice president at Hilco Real Estate Sales, stated, "This asset offers an exceptional opportunity to acquire a legacy hotel with tremendous upside. With its premier location and multiple revenue drivers, the Shilo Inns is well-positioned to become a dominant hospitality anchor on Oregon's Central Coast." Offers must be submitted no later than July 17, 2025, at 5:00 p.m. (PT), using the Asset Purchase Agreement (APA) available on Hilco Real Estate Sale's website. For further information, please contact Jordan Schack at (847) 504-3297, jschack@ Chris Gomes at (972) 786-2719, Christian Apt at (972) 755-5217, or David Tabata at (503) 200-2050, For information on the property, sale process and terms or to obtain access to due diligence documents, please visit or call (855) 755-2300. About Hilco Real Estate Sales Successfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company ( we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments. The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation. View original content to download multimedia: SOURCE Hilco Real Estate, LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
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HILCO REAL ESTATE SALES ANNOUNCES OCEANFRONT HOTEL INVESTMENT OFFERING AVAILABLE FOR SALE IN NEWPORT, OREGON
NORTHBROOK, Ill., June 2, 2025 /PRNewswire/ -- Hilco Real Estate Sales, in cooperation with Marcus & Millichap, announce July 17, 2025, as the offer deadline for the Shilo Inns Newport Oceanfront, a 179-room, full-service hotel located at 536 SW Elizabeth Street in Newport, Oregon. Positioned directly on the Pacific Ocean, this fee simple offering represents a compelling opportunity for experienced hospitality investors, operators or redevelopers to acquire a large-scale coastal property in one of Oregon's most desirable tourism markets. The hotel spans 2.48± acres across five buildings and offers 900 feet of exclusive beachfront access. Built in 1966, the property features 179 spacious guest rooms with both interior and exterior corridors, along with over 5,000± SF of meeting space, a 3,450± SF full-service restaurant and lounge with panoramic ocean views, a 1,178± SF café and two indoor pools. Zoned C2, the property is strategically located near key demand drivers including Nye Beach, the Oregon Coast Aquarium and the Hatfield Marine Science Center, all accessible via U.S. Route 101. Newport is a year-round tourist destination known for its scenic beauty, historic bayfront, active marine industry and outdoor recreation. The city draws consistent drive-to traffic from Portland and Eugene and benefits from a moderate hotel supply with limited new development. These favorable market dynamics, combined with the Shilo Inn's prime location and strong existing revenue, position the property for significant value-add potential through operational enhancements, capital improvements or full-scale redevelopment. Jordan Schack, vice president at Hilco Real Estate Sales, stated, "This asset offers an exceptional opportunity to acquire a legacy hotel with tremendous upside. With its premier location and multiple revenue drivers, the Shilo Inns is well-positioned to become a dominant hospitality anchor on Oregon's Central Coast." Offers must be submitted no later than July 17, 2025, at 5:00 p.m. (PT), using the Asset Purchase Agreement (APA) available on Hilco Real Estate Sale's website. For further information, please contact Jordan Schack at (847) 504-3297, jschack@ Chris Gomes at (972) 786-2719, Christian Apt at (972) 755-5217, or David Tabata at (503) 200-2050, For information on the property, sale process and terms or to obtain access to due diligence documents, please visit or call (855) 755-2300. About Hilco Real Estate Sales Successfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company ( we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments. The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation. View original content to download multimedia: SOURCE Hilco Real Estate, LLC Sign in to access your portfolio
Yahoo
30-05-2025
- Business
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HILCO REAL ESTATE SALES CONTINUES PARTNERSHIP WITH NORA FOR UPCOMING NEW ORLEANS AUCTION FEATURING RESIDENTIAL & COMMUNITY DEVELOPMENT OPPORTUNITIES
NORTHBROOK, Ill., May 30, 2025 /PRNewswire/ -- Hilco Real Estate Sales is pleased to announce its continued participation with the New Orleans Redevelopment Authority (NORA) and their upcoming online auction of 100± vacant land parcels. Bidding will begin at 8:00 a.m. (CT), Tuesday, June 17, 2025, and conclude between 12:00 p.m. and 6:00 p.m. (CT) on Wednesday, June 18, 2025. This next installment features 97 vacant residential lots and 11 non-housing development opportunities, all with opening bids starting at $4,000. The addition of these non-housing sites presents a unique opportunity for individuals, neighborhood groups and local organizations to transform underutilized parcels into key community assets such as impactful spaces such as community gardens, green spaces, playgrounds, pocket parks, art installations or other public-use projects that serve local neighborhoods. These parcels are ideal for enhancing the livability and sustainability of the surrounding communities, especially when acquired by adjacent property owners for expansion or beautification purposes. "We are excited to expand this auction to include non-housing development options that can serve as catalysts for community connection," said Brenda Breaux, executive director of the New Orleans Redevelopment Authority. "With the inclusion of these parcels, we're encouraging innovative, community-driven projects that breathe new life into NOLA." Fernando Palacios, strategic consultant with Hilco Real Estate Sales, added, "This auction offers buyers an accessible entry point into property ownership while also supporting broader city revitalization. It empowers New Orleans residents to invest in their neighborhoods through creative and meaningful uses of land." The properties are being sold on an "as-is, where-is" basis. Winning bidders are required to complete rehabilitation or construction within 18 months of closing. For properties with a non-housing development option, buyers must complete a non-residential use—such as a garden, green space or similar project—in accordance with the New Orleans Comprehensive Zoning Ordinance within the same 18-month period. All buyers must keep properties code compliant from the time of closing through project completion. Prior to the auction, on-site inspections can be conducted at any time at the viewer's leisure. Closing is required within 30 calendar days after the auction and financing will not be a contingency so buyers will need to know they can close on their purchase within the required timeframe and have available pre-approval for their own personal financing. Buyers must obtain and maintain flood insurance for any structures as a condition of closing. There will be a virtual "Buyers' Seminar" on Thursday, June 5, 2025, at 5:30 p.m. (CT). For more information, including registration requirements, about this NORA auction, please contact Fernando Palacios at (504) 500-1891 or visit The terms and conditions set forth herein are for informational purposes only and shall not be deemed to be and are not intended to be a comprehensive or complete listing of the applicable terms and conditions. All potential buyers should read carefully the terms and conditions of the auction and sale set forth at The terms and conditions set forth at shall govern and shall supersede any terms and conditions set forth herein. For further information on the properties, sale process and terms, please visit or call (855) 755-2300. About Hilco Real Estate Sales Successfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company ( we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments. The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial, and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation. View original content to download multimedia: SOURCE Hilco Real Estate, LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
