Friday, May 18, 2012

Hotel Palomar could revert to Westdale Capital


Friday, May 18, 2012 (Dallas Business Journal) - Candace Carlisle

The Residences at Hotel Palomar, a nine-story luxury high-rise condominium, could sell to Dallas-based investor Westdale Capital.
Westdale Capital has taken over the troubled lien after Addison-based Behringer Harvard   Short Term Opportunity Fund I LP defaulted on payments to fulfill the loan agreement on the property.
The investor is in the process of acquiring the property, according to a Dallas Morning News report.