Lenders that provided $183 million in financing for Irving's Four Seasons Resort and Club Dallas at Las Colinas didn't move ahead with a foreclosure scheduled for Tuesday.
The owner of the 400-acre golf course and hotel, Los Angeles-based BentleyForbes, has been in negotiations with the debt holders since fall. In January, the property was posted for forced sale.
BentleyForbes "continues to work toward a positive outcome," the company said.
Dallas Morning News
Monday, February 22, 2010
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