News Formal

Petra Development is sole bidder for prime site in receivership in The Gate in Frisco - Dallas Business Journal

  • 📰 DallasBizNews
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

A developer of luxury communities nationwide is set to buy 4.5 acres of land in The Gate, a partially built mixed-use project along the Dallas North Tollway in Frisco, in an acquisition expected to shift a stalled high-end hotel and condo tower back into gear.

The buyer, Washington, D.C.-based Petra Development LLC, is the only bidder for the prime undeveloped land at the northwest corner of the Dallas North Tollway and John Hickman Road that’s been tied up most recently in receivership.

is currently facing criminal charges and civil charges levied by the U.S. Securities and Exchange Commission in connection with a scheme to allegedly scam more than 100 Chinese investors out of $26 million involving land sites for proposed housing communities in North Texas.

The sale of The Gate property would bring in roughly $3 million in net proceeds after paying secured lenders with liens on the property, according to filings by Barton and Thomas.The developer’s attorneys argue in one filing that the receiver “seems fixated on selling items that are particularly dear to Mr. Barton,” including his personal residence on Rock Creek Drive in Dallas and commercial properties that are at too early a stage in the development process to profitably sell.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 525. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

UNT Dallas partners to bring food pantries on its campus - Dallas Business JournalThe university partnered with the North Texas Food Bank to serve its students, faculty and staff but expanded its reach once the pandemic hit.
แหล่ง: DallasBizNews - 🏆 525. / 51 อ่านเพิ่มเติม »

Delta Air Lines adding flights at Love Field after gaining permanent gate - Dallas Business JournalAtlanta-based Delta is expanding its service from Love Field after gaining a permanent gate following a settlement last year that ended a feud with Southwest Airlines over gate space.
แหล่ง: DallasBizNews - 🏆 525. / 51 อ่านเพิ่มเติม »

Delta Air Lines adding flights at Love Field after gaining permanent gate - Dallas Business JournalAtlanta-based Delta is expanding its service from Love Field after gaining a permanent gate following a settlement last year that ended a feud with Southwest Airlines over gate space.
แหล่ง: DallasBizNews - 🏆 525. / 51 อ่านเพิ่มเติม »

Frisco’s $201M investment will result in 65 miles of road improvementsFrisco officials release information about street projects
แหล่ง: dallasnews - 🏆 18. / 71 อ่านเพิ่มเติม »