Had 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]