Broadway Plaza (Denver) - Restructuring

Restructuring

In mid-1988, during the decline of Printemps and high vacancies in the project, Reiver lost control of Broadway Plaza and the Printemps store. Hill Financial forced Reiver to sell his interest in the project to a new partnership, Western Equities, which renamed the project Broadway InterPlaza. The investment at Broadway Plaza was one investment that led to the 1980s S&L failure of Hill Financial.