All of Transwest's holdings are crumbling and being sold off in foreclosure sales. A trustee sale for the large Gallery Row development took place this month. Hanson vastly overpaid for all his real estate in highly leveraged transactions. He was operating on very thin margins and things crumbled with the economic downturn. The stupidity continues - instead of consolidating and trying to run a few properties well, he continues to try to hold on to everyting through various bankruptcy schemes.