BGM Pasadena LLC recently filed for Chapter 11 bankruptcy, and, although no sale has been announced, the Debtor’s assets may be available for acquisition under the right circumstances. The Debtor’s real property is located at 210, 244 and 248 Orange Grove Boulevard and 369 and 375 West Del Mar Boulevard in Pasadena, California, valued at $10 million. The property is described as office and apartment buildings, with one commercial lease, seven residential leases, and one vacant residential unit. The Debtor’s income from rents for 2007 was $752,048; for 2008 it was $783,652; and for 2009 it was $700,098.
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Office and apartment buildings in Pasadena, California: In re BGM Pasadena LLC
- Greenberg Traurig LLP
- Robert J. Ivanhoe and Nancy A. Mitchell
- USA
- November 20 2009
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Audrey E Mross
Labor & Employment Attorney
Munck Carter LLP