Seattle developer Mastro forced into bankruptcy
Three banks have succeeded in forcing longtime Seattle developer Michael Mastro Sr. into bankruptcy. Columbia State Bank, First Sound Bank...
Three banks have succeeded in forcing longtime Seattle developer Michael Mastro Sr. into bankruptcy.
Columbia State Bank, First Sound Bank and Venture Bank said in their involuntary Chapter 7 bankruptcy petition that Mastro owes them nearly $10 million.
Mastro agreed to the petition on Thursday.
The firm's Web site says its current portfolio includes four apartment complexes and six office, industrial or mixed-used buildings under construction or recently completed in the Seattle area, including Urban Storage in Seattle, Meydenbauer Apartments in Bellevue, Sammamish Ridge offices in Redmond and Emerald Ridge in Puyallup.
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