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MetLife Sues Developer John W. Russell for Breach of $63 Million Loan Agreement.
Jun 26, 2025•12 months ago
Contract Type
contract
New York
Description
Metropolitan Life Insurance Company has filed a lawsuit against developer John W. Russell for breach of contract related to a $63 million loan for the 'Black Box' office building. The lawsuit seeks judicial foreclosure after Russell failed to make required payments into a reserve account for improvements following a tenant lease expiration.
Company Information
Company
MetLife Investment Management
Location
New York, New York, United States
About
MetLife Investment Management (MIM) is the institutional asset management business of MetLife, Inc. It is a global public fixed income, private capital, and real estate investment manager providing tailored investment solutions to institutional investors worldwide. MIM has over 150 years of investment experience and is a top 25 institutional investment manager globally by assets under management.
New York