2009-04-29 — azcentral.com
Ruh-roh:
One of the Phoenix area's largest commercial developers is showing signs of financial stress that local experts say is a symptom of widespread economic problems facing the industry this year.Note: we added Opus South to the imploded list a week ago.
A group of lenders led by Bank of America has filed a complaint in Maricopa County Superior Court claiming that Opus West Corp., based in Phoenix, owes the banks more than $160 million in unpaid construction loans, interest and legal fees.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.