Namwest Files for Bankruptcy

avatarthumbnail.jpgHad someone asking today what was happening with Namwest’s Sun City Manor development … and found the answer in the Arizona Republic.

A real-estate developer that planned to build condo towers north of Tempe Town Lake has filed for bankruptcy.

Phoenix-based Namwest LLC also was building or had plans to build housing developments in El Mirage, Sun City and south Phoenix.

Namwest executives filed nine Chapter 11 petitions last Thursday and Friday in U.S. Bankruptcy Court in Phoenix. The company also filed one petition in late September.

[tags]Phoenix real estate[/tags]

About Jonathan

Jonathan Dalton is a 30-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.