How ironic
I am working as a law clerk until April for a creditors’ rights firm learning about foreclosures and creditors’ law in bankruptcy in a big building in downtown Phoenix. And tonight, I just saw this article:
A lender is seeking to foreclose on the Viad Corporate Center, a high-rise office tower on Central Avenue in Phoenix, the latest example of the region’s commercial real-estate woes. Bank of America has asked a Maricopa County Superior Court judge to appoint a receiver for the signature tower at 1850 N. Central Ave. The lender said the building’s owner has not kept current since December on a $65 million loan.
Here’s the full article.
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