New Chapter 11 Bankruptcy - PWM Property Management LLC (a/k/a 245 Park Avenue)

PWM Property Management LLC and nine affiliates (together, the “debtors”) filed chapter 11 bankruptcy cases in the District of Delaware on Halloween; they own commercial office towers at 245 Park Avenue in NYC and 181 West Madison Street in Chicago, both of which are managed by third-party property managers. Here are the property specs:

• 245 Park Avenue —…