This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

American Spectrum Realty Management, LLC’s Steven Speier Appointed Receiver Of Denny’s Restaurant

American Spectrum Realty, Inc. (NYSE AMEX: AQQ) (“The Company”), a real estate investment, management and leasing company, headquartered in Houston, Texas announced today that its wholly owned subsidiary, American Spectrum Realty Management, LLC’s (“ASRM”), Steven M. Speier, Director of Receivership and Bankruptcy, was appointed as Receiver of a Denny’s restaurant located in Corona, CA.

This particular Denny’s restaurant is a high volume store located in Southern California immediately off the Interstate 15 corridor between San Diego and Las Vegas. The lender seeking the appointment of the Receiver was Banco Popular North America.

Mr. Speier has been appointed as Receiver in several other restaurant cases including restaurants such as Johnny Carino’s, On The Border, Ruby’s, and Applebee’s. He has also represented numerous other restaurants located in hotels and resorts in which he served as Receiver. In addition, Mr. Speier has been appointed a Receiver or Bankruptcy Trustee on over five hundred operating businesses and real estate properties.

Mr. Speier recently joined ASRM with over 30 years of real estate lending experience and almost 20 years experience as a top level court appointed receiver. Mr. Speier has been an active U.S. Bankruptcy Chapter 7 Trustee since 1998 and is currently President of the California Bankruptcy Forum. He heads the ASRM Special Assets Group’s newly formed Receivership, Litigation and Bankruptcy Practice.

About American Spectrum Realty, Inc.

American Spectrum Realty, Inc. is a real estate investment company that owns, through its operating partnership, interest in office, industrial, self storage, retail properties, and apartments throughout the United States. The company has been publicly traded since 2001. American Spectrum Realty Management, LLC is a wholly-owned subsidiary of the Company’s operating partnership that manages and leases all properties owned by American Spectrum Realty, Inc. as well as third-party clients.

ASRM provides first-class management and leasing services for over 130 office, industrial, retail, self-storage, and multi-family properties, totaling over 15 million square feet in 22 states.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs