2009-04-29 — azcentral.com
Ruh-roh:
One of the Phoenix area's largest commercial developers is showing signs of financial stress that local experts say is a symptom of widespread economic problems facing the industry this year.Note: we added Opus South to the imploded list a week ago.
A group of lenders led by Bank of America has filed a complaint in Maricopa County Superior Court claiming that Opus West Corp., based in Phoenix, owes the banks more than $160 million in unpaid construction loans, interest and legal fees.
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