Posted by: BayAreaComRE | November 18, 2009

Sourced: “Sunnyvale Town Center Sinking RREEF Fund”

From the Registry (linked here):

“The real estate investment fund that owns 95 percent of the broken Sunnyvale Town Center redevelopment is staggering under the weight of the incomplete project and the legal hurdles and financial claims that have arisen because of it. Dramatic declines in the value of commercial property nationwide also have not helped….”

Remainder of story here…

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