Jan 8, 2011

Locally Speaking

The Market Common In Myrtle Beach Sold Out Of Foreclosure

Myrtle Beach retail and residential center The Market Common has been sold out of foreclosure to BEI-Beach LLC, according to a written release from an attorney involved in the sale.

Gregory Maloney, court-appointed receiver for The Market Common, conducted the sale, said Franklin Daniels, Maloney's attorney, in a written statement.

Staff at stores and restaurants in The Market Common said Friday that they planned to continue to operate normally. Lenders filed a foreclosure suit against the center in May after owners failed to make loan payments. –Read more at SunNews

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