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Foothills mall Fort Collins: McWhinney paid $45 million for the site coloradoan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coloradoan.com Daily Mail and Mail on Sunday newspapers.
FORT COLLINS A joint venture between Loveland-based McWhinney Real Estate Services Inc. and Los Angeles-based Prism Places paid $45 million for the troubled Foothills shopping center in Fort Collins. MXD Fort Collins LLC, based at McWhinney’s Loveland headquarters, purchased the 662,000-square-foot property from Cordes & Co. LLP, the court-appointed receiver for the property, according to a deed recorded with the Larimer County Clerk and Recorder. The buyer also filed a $30.6 million deed of trust with Independent Bank. A spokesperson for McWhinney could not immediately be reached for comment on the purchase price. MUFG Union Bank NA in December filed a lawsuit in Larimer County District Court against Foothills’ prior owner Walton Foothills Holdings VI LLC. MUFG claimed that Walton Foothills had defaulted on a $145 million loan, with $46.59 million remaining in unpaid principal and interest at that time. ....
It s rough out there for homebuyers It’s Pat Ferrier, the Coloradoan’s business reporter. It’s no secret that buying a house these days can be a long and frustrating process as prices soar and the number of available homes drops. It won’t be long before Fort Collins’ median price reaches half-a-million dollars, continuing to push the sphere of affordability out farther. Timnath has the highest median price in Larimer County, and Greeley continues to have the lowest price in Northern Colorado, according to the Fort Collins Board of Realtors. If you’re in the market, take a deep breath, store up your patience and check out my story on the real estate market in Northern Colorado at Coloradoan.com on Monday morning. ....
Foothills mall sale: Judge clears path for McWhinney to buy coloradoan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coloradoan.com Daily Mail and Mail on Sunday newspapers.
Foothills mall ownership: McWhinney seeks to buy Fort Collins mall usatoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usatoday.com Daily Mail and Mail on Sunday newspapers.