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Loveland s Promenade Shops at Centerra Issued Foreclosure Notice
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Foothills mall ownership: McWhinney seeks to buy Fort Collins mall
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McWhinney to buy distressed mall in Fort Collins
McWhinney Real Estate Services Inc. has been cleared by a state judge to purchase the distressed Foothills Mall in Fort Collins.
In filings made last week in Larimer County District Court, the Loveland-based McWhinney was approved to purchase the property in Midtown Fort Collins. The sale price was not disclosed.
The Foothills mall was placed in receivership after the bank backing its construction loan filed a foreclosure demand in early December. Chicago private-equity firm Walton Street Capital and Greenwood Village-based Alberta Development Partners LLC, which developed and co-owned the mall, were delinquent on the $46.59 million remaining on the original $145 million loan.
FORT COLLINS McWhinney Real Estate Services Inc. has been cleared by a state judge to purchase the distressed Foothills Mall in Fort Collins.
In filings made last week in Larimer County District Court, the Loveland-based McWhinney was approved to purchase the property in Midtown Fort Collins. The sale price was not disclosed.
The Foothills mall was placed in receivership after the bank backing its construction loan filed a foreclosure demand in early December. Chicago private-equity firm Walton Street Capital and Greenwood Village-based Alberta Development Partners LLC, which developed and co-owned the mall, were delinquent on the $46.59 million remaining on the original $145 million loan.
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