What is the status of the remaining properties owned by SEBC and what happened to the sale to Liberty Properties that was approved by the Court?
SEBC owns several companies which own outright or interests in several parcels of real estate in Jacksonville, Florida. They are referred to as the Southwest Quadrant and Belfort properties and will be addressed separately below. Southwest Quadrant Property Through wholly owned subsidiaries SWQ Properties, Inc. and Southeast Properties, Inc. a 70% interest was held in undeveloped residential and commercially zoned acreage located south of J.T. Butler Boulevard and west of Southside Boulevard in Jacksonville. This property has been referred to over the period of ownership by the estate’s subsidiaries as the “Southwest Quadrant” property. As of the appointment of the current successor Trustee in 1998, a settlement had just been reached and approved by the Bankruptcy Court in long standing litigation with the co-owners of the property. Since 1998, the Trustee has engaged in a significant and orderly sequence of steps to realize the full potential of the Southwest Quadrant property regardi
Related Questions
- What is the status of the remaining properties owned by SEBC and what happened to the sale to Liberty Properties that was approved by the Court?
- Is there any way for a sale to be PST exempt if a vehicle was sold to a Status Indian prior to September 12, 2006?
- What If The Settlement Is Approved By The Court And There Are Settlement Funds Remaining?
