2
Jan
Colonnade owner defaults on mezzanine debt, seeks relief as $223M loan deadline looms
The loan for this large office hub, which spans more than 1 million square feet off the Dallas North Tollway, is coming due. Find out how the New York-based owners got into this difficult financial situation and what it portends for the office market. “It’s going to be a tough next couple of years for office building owners,” one expert said.
Source: Arizona Business Journal
