Texas REIT's $75M Loan Fight With Developer Survives

Law360, New York (November 30, 2011, 6:05 PM EST) -- A federal judge on Monday refused to dismiss Texas real estate investment trust Weingarten Realty Investors' lawsuit to keep developer Miller Sheridan LLC on the hook for a $75 million loan to build a shopping center in Colorado.

Houston-based Weingarten made the loan to Miller Sheridan in 2006 to help finance the construction of a shopping center in Colorado. When Stewart Miller of Miller Sheridan voiced doubts about the terms of the limited guarantee he'd signed at the time of the loan, Weingarten sued for declaratory...
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