Northern Virginia developer Bahman Batmanghelidj may finally be giving up on his plans to build a shopping center and hotel in Herndon. Two companies affiliated with Batmanghelidj — an Iranian businessman who was known as Batman during his early days of real estate development in the region — filed for Chapter 7 bankruptcy liquidation Oct. 19. Batmanghelidj had proposed building a 22,000-square-foot strip shopping center on one of the two parcels that comprise the acreage and envisioned a hotel being built on the other. Back in 2012, he retained CBRE Inc. to market the hotel parcel. More recently, Batmanghelidj had been working with Columbia-based developer Manekin LLC to help finance the project, according to Ed Bloom, an attorney with Offit Kurman who was representing the lender in the foreclosure auction. Manekin is listed as one of the creditors on the Dulles Center LLC Chapter 7 filing. Click here to read the full article
ABOUT EDWARD A. BLOOM
Edward A. Bloom practices real estate and transactional law. His practice is primarily concentrated on real estate development, real estate litigation, real estate workouts, real estate and corporate lending, leasing, licensing, corporate and transactional matters. Mr. Bloom has over 30 years of experience on all types of real estate and corporate matters. He counsels developers, owners and users on acquisitions, dispositions, financing and development projects. He has extensive experience on all types of lease matters. He regularly represents tenants in the negotiation of leases from 5,000 to 100,000 square feet in size. Mr. Bloom has drafted and negotiated numerous work agreements for tenant build-out in connection with leasing matters. He has represented lenders, borrowers and asset portfolio purchasers on loan workouts, restructurings and foreclosures You can also connect with Offit Kurman via Facebook, Twitter, Google+, YouTube, and LinkedIn.
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