Van Horne loses the Halsema Building.

[stephendare]

Tenants at the landmark property located at the corner of Market and 8th all received notice from the bank today that the building had been foreclosed upon and that all further rent or lease payments would be made to the bank instead of Van Horne.

Mack Bisette was at the building a little earlier and informed one of the tenants that he was looking to purchase it from the bank.

[uptowngirl]

While we should never glory in the downfall of another, I would be happy to see some of these properties land in the hands of someone who could take care of them properly.

[RiversideGator]

Interesting.  I have followed this lawsuit also.  Too bad for Van Horne but unlocking some of his properties can only be a good thing for the neighborhood.

[soxfan]

This could be good for the neighborhood if someone like Mack Bissette or a Jack Meeks ends up with the properties. If Chris Hionedes collects them, then they could end up boarded up with razor wire around them and rotting...

[thelakelander]

It would be great if who ever gets a hold of that building can lease out the retail spaces.  That whole corner would transform into something positive.

[RiversideGator]

Any more news on this?

[sparhater]

Van Horne's employees are telling tenants of the complex next door that the building is also about to be seized.  Which would be the Collier Building.

Good, since SPAR would not take a stand on these buildings or others with the owner.  I am glad the banks are finally stepping in. I hate to see any vacant buidlings, but I would rather them be vacant then rented to drug dealers or left to slowly crumble, of course they aren't right across the street from any of the LOLAS so why would they care?!

[willydenn]

Van Horne's employees are telling tenants of the complex next door that the building is also about to be seized.  Which would be the Collier Building.

Good, since SPAR would not take a stand on these buildings or others with the owner.  I am glad the banks are finally stepping in. I hate to see any vacant buidlings, but I would rather them be vacant then rented to drug dealers or left to slowly crumble, of course they aren't right across the street from any of the LOLAS so why would they care?!

The Halsema building has a lot of potential and could be turned into something great in that part of SPR.  I hope Mac and the rest of SRG can get a hold of it.  I don't think the Collier building provides much to work with, but transforming it would also have a significant impact.

[RiversideGator]

Any more information on Van Horne's properties?  Are any others in foreclosure?  Are any for sale by the banks?

[sparhater]

Any more information on Van Horne's properties?  Are any others in foreclosure?  Are any for sale by the banks?

You really want to take on the LOLAS of Springfield? You are a very brave man

[RiversideGator]

I am hardly afraid of a community organization whose stated goal is to improve the neighborhood.  I also favor this.

[32206livedraps]

then someone needs to break the news to them about their goal.  they see to me missing it.

[jbm32206]

I suppose their idea of improving this historic neighborhood is to bulldoze it down and build new, with the hopes that just because they try to replicated the old syle that this 'improving' is preserving or restoring.

[Midway ®]

Any more information on Van Horne's properties?  Are any others in foreclosure?  Are any for sale by the banks?

You can probably go to the courthouse to find out. When properties go into foreclosure, that typically requires that legal notice be filed, which is public record and is thus available to all citizens.

I can recommend any number of competent real estate attorneys who can help you find this information.

[RiversideGator]

A masterfully obvious post, midway.  However, if one does not wish to visit the Courthouse but instead wants to know of rumors one would post the sort of thing I did.