Martin Selig lays off 86 as 7 buildings slide into receivership

Martin Selig Real Estate has had seven older office properties shunted into receivership as it bleeds workers while struggling to pay off hundreds of millions in debt. The locally based investor laid off 86 workers and its special servicer, CW Capital, appointed the receiver for the buildings backed by $239 million in commercial mortgage-backed securities, […]This article originally appeared on The Real Deal. Click here to read the full story.