Charlotte skyscraper, former Wells Fargo HQ, goes into receivership after default on $157M loan


Tampa, Florida-based Vision Properties' loan on the 42-story tower with almost 1 million square feet of space matured in May and became delinquent in July. An attorney said foreclosure is not inevitable at this point, but putting a property in receivership is an indication that's where its headed. With the building nearly half empty, what happens to the property will likely depend on how willing and able the borrower is to make upgrades.

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