Bank forecloses on Twin Lakes Shopping Center

BBVA Compass Bank has foreclosed on the Colorado-based partners who own Twin Lakes Shopping Center.

According to a suit filed last week, the partners took out a mortgage for $9.7 million to buy the shopping center in 2006, but have stopped making payments.

Weigand-Omega has been named by Kansas district court as the receiver for the center, which gives it operational oversight.

For more on the story, read Friday's Wichita Eagle.