TITLE

City Crossing lenders, developer at odds

AUTHOR(S)
O'REILEY, TIM
PUB. DATE
August 2008
SOURCE
Las Vegas Business Press (10712186);8/25/2008, Vol. 25 Issue 34, pP5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the City Crossing project in Henderson, Nevada. According to the author, City Crossing Henderson project declared bankruptcy of $2 billion and developer William Plise made a passing reference to find new equity partners to begin the reconstruction. How to sell the land and how to deal with Plise guarantees to cover any failure between the land value and mortgage balances are the major issues the City Crossing lawyers and lenders are trying to resolve.
ACCESSION #
34154911

 

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