DANVILLE — Blackhawk Plaza, located in a wealthy enclave next to Danville, is “likely” to be sold, although other financial remedies are being evaluated.
Ramanujan Group, the center’s primary owner, has already filed for bankruptcy.
Two different lenders, Preferred Bank and Nano Banc, provided loans to help finance the property, Contra Costa County public documents show. Unsuccessful attempts to pay back those loans could force the property’s foreclosure
The Chapter 11 bankruptcy proceeding, foreclosure threats and a shrinking tenant base that includes the loss of Draeger’s Market this year have left Blackhawk Plaza with an uncertain future…