In what would appear to be a spat over the terms of a loan extension, the Royal Bank of Scotland is moving forward with foreclosure proceedings on the retail portion of the landmark and recently renovated Ghirardelli Square.
As we first reported two weeks ago, the landmark Cannery At Del Monte Square down the street was recently taken back by the bank following a “calculated default” earlier this year.
∙ Ghirardelli retail nears foreclosure [Business Times]
∙ Ghirardelli Square & Fairmont Heritage Place: Overview And Sales [SocketSite]
∙ SF’s Landmark Cannery At Del Monte Square Taken Back By The Bank [SocketSite]
∙ A “Calculated” Default For The Cannery At Del Monte Square [SocketSite]