Bizjournals Green

The Royal Palm Hotel in Miami Beach is set for public auction after its owner lost a $142.7 million foreclosure judgment.

General Growth Properties Inc., owner of the Regency Square Mall, has filed a motion with a federal bankruptcy court in New York, requesting permission to emerge from Chapter 11 bankruptcy. (GGP)

There were 13 percent more bankruptcy filings in U.S. Bankruptcy Court in Albany, N.Y., during the first quarter of this year than there were a year ago.

The Seattle area ranked ninth in the country in the fourth quarter for commercial bankruptcy filings, according to a new report. (EFX)

Commercial bankruptcies spiked about 52 percent nationally and about 45 percent in Atlanta in 2009, according to a report Thursday from Equifax Inc. (EFX)

Commercial bankruptcies increased by almost 52 percent from 2008 through 2009, according to a report released Thursday by Equifax Inc. (EFX)

Mall owner and operator General Growth Properties Inc. has filed a motion with a federal bankruptcy court in New York, requesting permission to emerge from Chapter 11 bankruptcy. (GGP)

Thomas Etheredge, founder of the now-defunct Wild West World, is facing more than $222,000 in state tax warrants.

The partial owner of Austin's oldest mall today submitted plans for exiting bankruptcy without using a buy-out offer from its Highland Mall co-owner and rival Simon Property Group Inc.

Mall owner and operator General Growth Properties Inc., which operates several malls in North Texas, has filed a motion with a federal bankruptcy court in New York, requesting permission to emerge from Chapter 11 bankruptcy. (GGP)

Four companies that own 25 Arby’s in Florida, North Carolina and Virginia are seeking to reorganize under Chapter 11 of the U.S. Bankruptcy Code. (WEN)

Ethanol-maker and marketer Pacific Ethanol Inc. reported a net loss of $245.6 million for fourth-quarter 2009, compared to a net loss of $34.7 million for the same three-month period in 2008.

The National Hockey League will not run the Phoenix Coyotes for another season, compelling the team’s sale by the end of June — even if that means a move outside of Arizona.

The chief financial officer of FairPoint Communications Inc. has resigned, effective immediately.

The Metro-Goldwyn-Mayer studio has been granted a fourth extension on debt payments as the company considers its various options, including a sale, according to a report in The Wall Street Journal.

Regent Communications posted a smaller net loss for its fourth quarter and year, but revenues fell more than 12 percent from 2008.

MediaNews Group Inc. has sold part of its stake in Denver-based Kaango Inc., an online classified-advertising software vendor, to Atex Group Ltd. of Reading, England, for an undisclosed sum.

Fog Cutter Capital Group Inc. has moved its headquarters to California, according to financial documents filed Tuesday.

A group of homeowners in Erie’s Vista Ridge development being sued in connection with John Laing Homes bankruptcy have brought legal claims against the Bank of America NA.

Green Hills celebration shop Swoozie’s is going out of business, along with 42 other locations around the country.