Key facts
- Hilco Global and Province LLC set June 26 as the bid deadline for Hawthorne Race Course real estate.
- Hawthorne Race Course is undergoing Chapter 11 bankruptcy proceedings.
- A penthouse overlooking Lord's Cricket Ground is listed for sale.
- The Lord's Cricket Ground penthouse is expected to sell for over £10 million.
- The penthouse sale will use a confidential sealed bid process.
- Horvath & Tremblay has integrated B6 Real Estate Advisors.
- The integration aims to expand Horvath & Tremblay's New York City market presence.
- Provident Industrial appointed Kendrick Leckband as Managing Director of Industrial Asset Management.
- Kendrick Leckband will oversee Provident Industrial's industrial asset management operations.
Hawthorne Race Course is nearing a critical juncture in its Chapter 11 bankruptcy proceedings, with Hilco Global, in cooperation with Province LLC, establishing June 26 as the deadline for bids to acquire the race course's real estate. This move is part of a broader effort to find a buyer or secure an investor for recapitalization.
In a separate development within the real estate market, a unique penthouse property offering views of Lord's Cricket Ground in London has been placed on the market for the first time. The residence, distinguished by a 100-foot private terrace, is anticipated to command a price exceeding £10 million. The sale will be conducted through a confidential sealed bid process.
Corporate real estate services firm Horvath & Tremblay has announced a strategic integration with B6 Real Estate Advisors. This integration is designed to bolster Horvath & Tremblay's footprint in the competitive New York City market. The move is expected to enhance its capabilities across various service areas, including investment real estate brokerage, 1031 exchanges, debt and equity placement, and appraisal and valuation services.
Furthermore, Provident Industrial has expanded its leadership team by appointing Kendrick Leckband as the new Managing Director of Industrial Asset Management. In this role, Leckband will be tasked with the oversight of the company's industrial asset management operations.