[botoxic]

The news here isn't great:

Foreclosure hits Transbay site
$90M debt casts shadow on towers
San Francisco Business Times - by J.K. Dineen
Date: Friday, June 10, 2011, 3:00am PDT
Related: Commercial Real Estate

Embattled San Francisco real estate investor David Choo is fighting to hold onto a prime development site across from the Transbay Terminal after lenders Morgan Stanley and Lincoln Property Co. initiated foreclosure on the property.

A notice of default was recorded May 23 on the San Francisco property, which includes five parcels on the northwest corner of Mission and First streets. Choo owes $90.8 million on the property, according to public documents. The unpaid principal balance on the property, $56.8 million, became due on May 12, 2009; interest has been accruing since March 2008.

http://www.bizjournals.com/sanfranci...sbay-site.html