Real Estate Bankruptcy

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Can a Commercial Real Estate Lease Be Voided by a Bankruptcy Sale of the Underlying Property?

A new ruling by the Third Circuit Court of Appeals in IDEA Boardwalk, LLC v. Revel AC, Inc. (In re Revel AC, Inc.), __ F.3d __ (3d Cir. Sept. 30, 2015), raises a bankruptcy issue that has so far not been definitively resolved by the appellate courts: Whether a bankrupt lessor of commercial property may […]

Author: Joel R. Glucksman

October 20, 2015

Scarinci Hollenbeck

Will Revel Ruling Strip Property Tenant Rights or Not?

The new owner of Atlantic City’s Revel Hotel and Casino has been granted control of property tenant rights, a federal judge ruled on April 20. These tenants had appealed the court’s decision to allow the sale of Revel to Florida developer Glenn Straub, asserting that the transaction would deny tenant property rights. Rights of new Revel […]

Author: Joel R. Glucksman

May 13, 2015

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