Owner of troubled Blackhawk Plaza in East Bay files for bankruptcy

2026-04-07 01:12:48

Ramanujan Group, the owner of the financially struggling Blackhawk Plaza in Danville, has filed for Chapter 11 bankruptcy. This move aims to prevent foreclosure by lenders Preferred Bank and Nano Banc, who issued $36 million in loans to the property owner. The plaza has faced notices of default, and its deteriorating condition has led to tenant departures and a lawsuit from other commercial property owners.

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