TITLE

Prudential buys Turnberry debt, takes over tower

AUTHOR(S)
MILLER, VALERIE
PUB. DATE
April 2009
SOURCE
Las Vegas Business Press (10712186);4/6/2009, Vol. 26 Issue 14, pP5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the takeover of Turnberry Towers in Las Vegas, Nevada, by Prudential Financial. It states that Prudential Financial has bought the outstanding debt of Turnberry Towers from lenders. It mentions that the debt acquisition by Prudential makes the loanholder the controlling partner as the developer of the luxury project are struggling to sell units.
ACCESSION #
47881302

 

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