Commercial Loan Workout Firm Completes Settlement with National Real Estate Company.

San Diego, CA (PRWEB) December 28, 2011 — Breakwater Equity Partners, a consulting firm specializing in commercial loan workouts, announced today its completion of a multi-million dollar settlement with Grubb & Ellis Inc., a leading real estate company, and Lexington Insurance over the Met Center 10 property in Austin, Texas.1 After uncovering an alleged undisclosed structural flaw in the 345,000-square-foot office building, the owners and Breakwater Equity pursued legal action against Grubb & Ellis, its insurers, and other parties to achieve the settlement on behalf of the tenants-in-common investors (TIC). Proceeds from the $7.785 million settlement are earmarked to repair the property and restructure the loan.1, 2 Continue reading “Breakwater Announces Multi-Million-Dollar Settlement with Grubb & Ellis Real Estate” »