NC Developments Seek Bankruptcy Protection

Law360, New York (March 9, 2012, 9:21 PM EST) -- Brier Creek Corporate Center Associates LP and other affiliates that own the land beneath several American Asset Corp. planned community projects and developments in North Carolina filed for bankruptcy protection Friday.

Several of the debtors own land within the Brier Creek master-planned community in Raleigh, N.C., which upon completion will feature more than 2 million square feet of retail space, 3 million square feet of commercial space and 10,000 residential units, according to AAC.

Attorneys for the debtors on Friday asked the bankruptcy court to consolidate...
To view the full article, register now.