SUNNYVALE, CA-The receiver for the 36-acre Sunnyvale Town Center mixed-use development in downtown Sunnyvale has filed a motion with the Santa Clara County Superior Court for an order granting the receiver authority to market the receivership property for a streamlined process to approve a final sales contract.

Jerry Hunt of Danville, CA-based Quattro Realty Group, who was appointed as the receiver overseeing Sunnyvale Town Center in October 2009, filed the motion with the court as an initial step in the marketing process for the properties. “Sunnyvale Town Center is no longer a distressed asset,” says Hunt in a prepared statement. “Over the past year, there has been significant progress in removing uncertainties and creating value. Sunnyvale Town Center has tremendous fundamentals and when available, it will be one of the premiere commercial real estate offerings on the market nationally.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.