West Virginia mall faces lawsuit over $100M loan default - WOWK 13 Charleston, Huntington WV News, Weather, Sports

West Virginia mall faces lawsuit over $100M loan default

Posted: Updated:

CHARLESTON, W.Va. (AP) - The owners of a West Virginia mall have been sued for breaching contract by defaulting on a multimillion-dollar loan.

The Charleston Gazette-Mail reports that the U.S. Bank National Association filed a lawsuit against the owners of the Charleston Town Center on Tuesday. The complaint says the owners defaulted on a $100 million loan issued in 2007 that reached maturity in September.

The lawsuit asks for the appointment of a receiver until the property can be sold, and says the lender is entitled to all profits and income generated by the shopping center's leases.

The filing comes after one of the mall's owners, Forest City Enterprises, unsuccessfully tried to sell its stake in the mall last month.

Representatives from the mall did not respond to the newspaper's request for comment.

___

Information from: The Charleston Gazette-Mail, http://wvgazettemail.com.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
 

  • More NewsMore>>

  • As Storms Approach, Power Outages Begin To Amass

    As Storms Approach, Power Outages Begin To Amass

    Saturday, November 18 2017 10:20 PM EST2017-11-19 03:20:50 GMT

    As storms and high winds approach the viewing area, power outages are beginning to pile up. Here is a list of the hardest hit areas so far. Wayne County- 5,204  Lincoln County- 2,506 Kanawha County- 729 Putnam County- 513 Fayette County- 455 Cabell County- 406 Logan County- 395 Clay County- 100 We will continue to update the list throughout the night.

    As storms and high winds approach the viewing area, power outages are beginning to pile up. Here is a list of the hardest hit areas so far. Wayne County- 5,204  Lincoln County- 2,506 Kanawha County- 729 Putnam County- 513 Fayette County- 455 Cabell County- 406 Logan County- 395 Clay County- 100 We will continue to update the list throughout the night.

  • David Cassidy, "Partridge Family" Star, Hospitalized In Florida, Representative Says

    David Cassidy, "Partridge Family" Star, Hospitalized In Florida, Representative Says

    Saturday, November 18 2017 8:00 PM EST2017-11-19 01:00:17 GMT
    NEW YORK -- "Partridge Family" star David Cassidy has been hospitalized in Florida.  His publicist, JoAnn Geffen, told CBS News that Cassidy is "currently conscious and surrounded by family." TMZ first reported that Cassidy had been hospitalized due to organ failure. His brother, Shaun Cassidy, posted on Facebook that the messages of support "mean the world to all of us." The 67-year-old said earlier this year that he wa...
    NEW YORK -- "Partridge Family" star David Cassidy has been hospitalized in Florida.  His publicist, JoAnn Geffen, told CBS News that Cassidy is "currently conscious and surrounded by family." TMZ first reported that Cassidy had been hospitalized due to organ failure. His brother, Shaun Cassidy, posted on Facebook that the messages of support "mean the world to all of us." The 67-year-old said earlier this year that he wa...
  • ‘Cone Weed’ Gets Christmas Makeover In North Carolina Town

    ‘Cone Weed’ Gets Christmas Makeover In North Carolina Town

    Saturday, November 18 2017 1:57 PM EST2017-11-18 18:57:29 GMT
    HUNTERSVILLE, N.C. (AP) — At first, it was an orange traffic cone with a weed growing out of it. Now, the roadside attraction dubbed “Cone Weed” is something of a Christmas miracle to locals. WBTV reports someone decorated the “Cone Weed” with tinsel and ornaments last week. The weed has been growing unencumbered across from the Huntersville Fire Station for a year and has amassed a cult following. The fire station tweeted pictures of Cone Weed deck...
    HUNTERSVILLE, N.C. (AP) — At first, it was an orange traffic cone with a weed growing out of it. Now, the roadside attraction dubbed “Cone Weed” is something of a Christmas miracle to locals. WBTV reports someone decorated the “Cone Weed” with tinsel and ornaments last week. The weed has been growing unencumbered across from the Huntersville Fire Station for a year and has amassed a cult following. The fire station tweeted pictures of Cone Weed deck...
  • Most Popular StoriesMost Popular StoriesMore>>

  • SLIDESHOW: 15 Arrested, 3 Wanted in Major West Virginia Heroin Trafficking Bust

    SLIDESHOW: 15 Arrested, 3 Wanted in Major West Virginia Heroin Trafficking Bust

    Friday, November 17 2017 8:27 PM EST2017-11-18 01:27:15 GMT
    West Virginia has worst overdose death rate in the nation.West Virginia has worst overdose death rate in the nation.

    PARKERSBURG, WV (WOWK) - The Parkersburg Narcotics Task Force (PNTF), with assistance from the FBI, concluded a year-long investigation involving the trafficking of heroin into the Wood County area. According to a release from the Parkersburg Police Department, at approximately 6 a.m. Friday, an operation to arrest 18 people involved in this investigation began. This operation was conducted in three states, Parkersburg, West Virginia, Marietta, Ohio, and Detroit, Michigan. As a res...

    PARKERSBURG, WV (WOWK) - The Parkersburg Narcotics Task Force (PNTF), with assistance from the FBI, concluded a year-long investigation involving the trafficking of heroin into the Wood County area. According to a release from the Parkersburg Police Department, at approximately 6 a.m. Friday, an operation to arrest 18 people involved in this investigation began. This operation was conducted in three states, Parkersburg, West Virginia, Marietta, Ohio, and Detroit, Michigan. As a res...

  • Teacher caught waiting on floor with lit candles had sex with student, deputies say

    Teacher caught waiting on floor with lit candles had sex with student, deputies say

    Friday, November 17 2017 6:38 PM EST2017-11-17 23:38:26 GMT
    YUKON, Okla. (WNCN) — An Oklahoma chemistry teacher is behind bars after deputies discovered she was having sex with one of her students. Hunter Day, 22, was arrested after deputies pretended to be the boy arriving at her home for another sexual encounter. “This is a classic case of a serious breach of public trust. School teachers are entrusted to protect and educate our children, not to engage in an unlawful sexual relationship with them,” said Chris West, Canadi...
    YUKON, Okla. (WNCN) — An Oklahoma chemistry teacher is behind bars after deputies discovered she was having sex with one of her students. Hunter Day, 22, was arrested after deputies pretended to be the boy arriving at her home for another sexual encounter. “This is a classic case of a serious breach of public trust. School teachers are entrusted to protect and educate our children, not to engage in an unlawful sexual relationship with them,” said Chris West, Canadi...
  • Malcolm Young, AC/DC guitarist and co-founder, dead at 64

    Malcolm Young, AC/DC guitarist and co-founder, dead at 64

    Saturday, November 18 2017 9:26 AM EST2017-11-18 14:26:55 GMT
    Courtesy: CBS NewsCourtesy: CBS News

    Malcolm Young, guitarist and co-founder of pioneering rock band AC/DC, has passed away.

    Malcolm Young, guitarist and co-founder of pioneering rock band AC/DC, has passed away.

Powered by Frankly