NATION IN BRIEF : ARIZONA : Governor’s Property Sold at Trustee’s Sale
From Times Staff and Wire Reports
Republican Gov. Fife Symington, who is being sued by federal savings and loan regulators over one of his real estate developments, has lost a failing shopping plaza at a trustee’s sale. The Mercado, a Mexican-themed arcade near the downtown arena that is home to the Phoenix Suns basketball team, was taken over by its main lender. A consortium of six pension funds bid $3.145 million this week for the 127,000-square-foot Mercado.
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