The developer of a 128,000-square-foot office complex in Golden Valley has turned the buildings over to the lender. "We gave them the keys. I can confirm that," said Frank Dunbar, principal of the development firm and one of the investors in Valley Creek Development LLC, the entity listed as title holder, according to Hennepin County Assessor's Office. The lender, which will assume control of the buildings when the title gets cleared up, is Berkadia Commercial Mortgage, based in Irving, Calif. Berkadia was the special servicer that controlled the debt on behalf of investors who bought commercial mortgage-backed securities...
Source: http://feeds.bizjournals.com/~r/twincities_blog_realestate/~3/dBi6Ylf06Fs/dunbar-keys-golden-valley-office-lender.html
918 Lofts 1200 On The Mall 1225 LaSalle
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