Suits claim developers in default on Spring Hill office building projects
A lender has filed a lawsuit in U.S. District Court trying to collect from some of the developers in Campbell Station, a more than 300-acre office, home and retail complex in Spring Hill, saying loans for two of the office buildings are in default.
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#1 Oct 13, 2010
If they were not so greedy and charged accordingly maybe they could get some tenants to stay, when a substantial part of your community has either moved or been laid off how can you still charge CS rents ? Rather than fill these vacancys with a reasonable rent and as the economy picks up adjust it, they would rather be spiteful and stick to the HIGH rent rates and leave them empty...THEN file for bankruptcy !!
#2 Oct 13, 2010
I fully agree with Tommy. too many landlords think that everyone can pay whatever the landlord wants. I think we are going to see more banks taking over real estate in SH
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