block921 Posted July 2, 2010 Share Posted July 2, 2010 (edited) Bank of America files foreclosure complaint against Newark's tallest skyscraper NEWARK — The address 744 Broad St. has been a beacon of Newark’s resurgence since that autumn day a decade ago when a switch was thrown to bathe the city’s tallest skyscraper in light after a historic $55 million makeover. http://www.nj.com/news/index.ssf/2010/07/bank_of_america_files_foreclos.html Edited July 2, 2010 by block921 Quote Link to comment Share on other sites More sharing options...
newarkdev01 Posted July 2, 2010 Share Posted July 2, 2010 Bank of America files foreclosure complaint against Newark's tallest skyscraper NEWARK — The address 744 Broad St. has been a beacon of Newark’s resurgence since that autumn day a decade ago when a switch was thrown to bathe the city’s tallest skyscraper in light after a historic $55 million makeover. http://www.nj.com/news/index.ssf/2010/07/bank_of_america_files_foreclos.html Rather important to read the article on this one, 744 is only in technical default because their ballon came due and BofA was probably trying to ram the terms downt he throat of Cogswell. In the end Cogswell is making payments but struggling to refiance due to much harsher terms being proposed, probably includes cross collaterazation of other assets. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.