Friday, July 3, 2009

Update - Sunnyvale Town Center

I just saw an article in the Silicon Valley/San Jose Business Journal on the Sunnyvale Town Center (Click here for the complete article).

It doesn't look good for the Sunnyvale Town Center as the developers have failed to meet the June 24 deadline to repay the $108 million loan. The developers continue to try and work out something with the lenders, so that the center can be completed.

Target and Macy which own their own stores continue to remodel their stores with plans to open them later in the year.

Your comments are always appreciated. Thanks for reading.

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