Tom Bell
InsideRealEstateNews.com quoted Tom Bell for a story about a decision favorable to Tom's client Beck Residential LLC in its dispute with the bankrupt developer of the Landmark Tower condominium project in Greenwood Village. The story, and a follow-on story, were written by long-time Rocky Mountain News real estate reporter John Rebchook.
Among Rebchook's coverage: "We opposed (the DIP financing) at first," said Thomas C. Bell, a partner with Denver-based Davis Graham & Stubbs, who represents the general contractor, Dallas-based Beck Residential LLC, and 26 local subcontractors. The subcontractors have claims ranging from $1,000 to $200,000.
"Our mechanic liens would have been wiped out," under the initial debtor-in-possession, or DIP, financing agreement, Bell said today. "Should Hypo have chosen to foreclose, all of our concerns would have been wiped out. We are definitely now in better shape."
The Denver Business Journal, and other papers in its family, have covered the project as well. Read DBJ reporter Paula Moore's recent story here.