International Place Bankruptcy Spotlights Ugly Feud
Author: Scott Van Voorhis
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All is not well at Boston's glitzy International Place tower complex, with Don Chiofaro's prized skyscraper facing a looming, multimillion-dollar cash shortfall, according to a court filing yesterday.
Chiofaro's surprise bankruptcy filing last week came with the International Place developer facing an imminent default on his massive, $650 million mortgage, according to a court filing yesterday by the tower project's new lender, Big Apple real estate firm Tishman Speyer Properties.International Place Bankruptcy Spotlights Ugly Feud
International Place faces a $20 million gap in 2004 as office rental income falls below what is needed ...
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