Phoenix office tower yours for a mere $65 million+ at foreclosure sale -- a 40% discount!
This gleaming high-rise office building in Phoenix is scheduled for trustee's sale on May 24 with an opening bid of $65 million, more than 40 percent below the price of more than $105 million it sold for in June 2006 -- at the literal peak of the market. Incidentally the lender listed on this property (which I'm guessing was the mortgage originator as opposed to the current servicer) is Bear Stearns ComL Mortgage.
View full property details on RealtyTrac.
