OAKLAND — The owner of the historic Athenian-Nile Club Building in downtown Oakland has found a potential buyer in a deal that could ward off a foreclosure on the property and bring a bankruptcy proceeding to a conclusion.
Lamumba Inc., operating as Geoffrey’s Inner Circle, has attracted interest from a nonprofit to purchase the four-story building at 410 14th St. and 1411 Franklin St. The building totals 40,000 square feet, a marketing flyer states, and was constructed in 1901.
The bankruptcy case filing warned there were no assurances that a deal for the sale of the building would be successfully completed or that the property owner would be able to avoid a foreclosure of the site by its lender…