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Bank of America Building Auctioned Today (sigh)

Atlanta earns another unfortunate distinction today, as the tallest building to be foreclosed upon since the start of the current unpleasantness will be auctioned here. Following up on our story of L.A.-based Bentley Forbes' 2007 top-of-the-market acquistion gone horribly awry, Bloomberg Businessweek provides some other depressing data regarding the Atlanta market: primarily, that the ATL can boast the highest rate of late loan payments on offices bundled into bonds among the among large U.S. cities, at 25.3 percent. Stay tuned for news on a potential buyer. [Bloomberg Businessweek]

Bank of America Plaza

600 Peachtree Street Northwest, , GA 30308