Premier Properties

Woodfield office buildings attracting strong interest

October 1, 2013
Scott Olson
The two Class A office buildings totaling 348,000 square feet are close to being sold after falling into foreclosure during the implosion of defunct local developer Premier Properties USA Inc.
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Feds sue developer Premier over raid on retirement accounts

December 1, 2010
Cory Schouten
Executives of defunct Indianapolis developer Premier Properties USA Inc. are negotiating to settle a lawsuit brought by the U.S. Department of Labor that claims the company raided employee retirement accounts in a last-ditch bid to save itself in early 2008.
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Metropolis mall purchased by Israel firms

August 30, 2010
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier Properties USA Inc. developed Metropolis, with an investment of $160 million.
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Bank trying to sell former home of Premier Properties founder

August 3, 2010
Cory Schouten
A Lake Clearwater mansion formerly owned by Premier Properties founder Christopher P. White is up for sale with an asking price of $1.48M.
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Remnants of failed Premier Properties finally hit market

November 21, 2009
Cory Schouten
CB Richard Ellis recently began marketing the most prominent of Premier Properties’ local properties, Metropolis. The Venu site at the southwest corner of East 86th Street and Keystone Avenue also is up for grabs.
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Premier Properties founder gets home detention for fraud

November 18, 2009
Cory Schouten
A judge on Wednesday afternoon sentenced Christopher P. White to one year on home detention and three years of probation in connection with a $500,000 bad check he wrote last year as he tried to save his real estate development firm, Premier Properties USA Inc.
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BREAKING: Jury finds Premier's White guilty

August 18, 2009
Cory Schouten
A Marion County jury this evening found Christopher P. White guilty of three Class C felonies related to a $500,000 bad check he wrote last year in a last-ditch attempt to save his locally based development firm, Premier Properties USA Inc.
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Developer's fraud trial enters second day

August 18, 2009
Cory Schouten
Marion County prosecutors this morning began making their case that Christopher P. White knowingly wrote a bad check for $500,000 last year in a desperate attempt to save his Indianapolis-based development firm, Premier Properties USA Inc.
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High-flying Premier Properties crashes

December 29, 2008
Cory Schouten
The founder of local real estate firm Premier Properties USA Inc. saw his company falter this year and faced three felony charges in connection with its downfall.
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Hundreds turn out for White auction

August 11, 2008
More than 1,000 people from nine states attended an auction Saturday of hundreds of items seized from Christopher P. White, the founder of bankrupt developer Premier Properties USA Inc.
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Premier's White taken into custody, posts bond

June 26, 2008
Cory Schouten
Premier Properties USA Inc. founder Christopher P. White was taken into police custody early this morning and released after he posted bond.
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BREAKING: Premier's White charged with 3 felonies

June 16, 2008
Cory Schouten
The Marion County Prosecutor's Office on Monday filed three felony charges against Christopher P. White, the founder of bankrupt development firm Premier Properties USA Inc.
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Trustee working to determine Premier assets

June 11, 2008
Cory Schouten
A bankruptcy trustee is planning an auction of Premier Properties USA Inc.'s remaining office furniture while struggling to get a handle on what other assets remain for the defunct developer.
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Boberschmidt appointed Premier trustee

June 2, 2008
Chip Cutter
Philip Boberschmidt of the downtown law firm of Boberschmidt and Powers has been appointed trustee to oversee liquidation of Premier Properties USA - a task that begins today.
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Premier Properties to be liquidated

May 30, 2008
Chip Cutter
A judge reclassified the bankruptcy status of Premier Properties USA today, clearing the way for a U.S. trustee to take hold of the company and begin selling its assets.
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Trustee to intervene in Premier bankruptcy

May 12, 2008
Cory Schouten
The U.S. Trustee's office plans to file a motion to intervene in a Chapter 11 bankruptcy case brought by Premier Properties USA Inc. because the development firm is insolvent.
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Criminal charges possible in Premier blowup

April 28, 2008
Cory Schouten
Authorities are considering pursuing criminal charges against Christopher P. White and other executives at Premier Properties USA Inc. in connection with deepening troubles at the local development firm, sources familiar with the matter told IBJ.
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Emergency hearing scheduled for Premier

April 25, 2008
Cory Schouten
A U.S. bankruptcy judge has scheduled an April 28 emergency hearing over Premier Properties USA Inc.'s refusal to turn over records concerning its retail properties including Metropolis mall in Plainfield.
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Premier Properties retreats into bankruptcy

April 24, 2008
Cory Schouten
Premier Properties USA Inc. filed for bankruptcy protection yesterday, narrowly avoiding the appointment of a receiver to take control of the troubled Indianapolis company.
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Premier Properties auction attracts no bids

April 17, 2008
J.K. Wall
No bids were submitted today at an auction for control of 10 properties owned by Indianapolis-based Premier Properties USA Inc., the financially troubled development company run by Chris White.
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BREAKING: Lender to sell Premier properties

April 9, 2008
Cory Schouten
An auction this month could strip locally based Premier Properties USA Inc. of most of its real estate holdings.
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Premier lays off workers as lawsuits, debt pile up

April 7, 2008
Cory Schouten
Premier Properties USA Inc. has eliminated about half its headquarters staff—more than 40 employees—as banks seize several of its properties and CEO Christopher P. White faces a barrage of new lawsuits alleging unpaid bills, defaulted loans, illegally redirected rent payments and check fraud.
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Premier Properties lays off workers as lawsuits, debt pile upRestricted Content

April 7, 2008
Cory Schouten
Premier Properties USA Inc. has eliminated about half its headquarters staff--more than 40 employees--as banks seize several of its properties and CEO Christopher P. White faces a barrage of new lawsuits alleging unpaid bills, defaulted loans, illegally redirected rent payments and check fraud.
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Creditor pursues troubled Premier's property

March 10, 2008
Cory Schouten
Wachovia Bank has begun foreclosure proceedings on one of Premier  Properties  USA Inc.’s most prized developments, a giant Ohio lifestyle center anchored by Target and J.C. Penney.
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Creditor pursues Premier propertyRestricted Content

March 10, 2008
Cory Schouten
Wachovia Bank has begun foreclosure proceedings on one of Premier Properties USA Inc.'s most prized developments, a giant Ohio lifestyle center anchored by Target and J.C. Penney. The Charlotte, N.C.-based bank also is foreclosing on a vacant former Wal-Mart store in front of Premier's Metropolis mall in Plainfield.
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