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Troubled NoHo 14 Tower Headed to Bank?

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Numerous sources are saying that NoHo 14, that condo turned rental building in North Hollywood is in early beginning of the foreclosure process. The project has a long and troubled history ranging from work stoppages to move-in delays. The project started construction in January 2004, and opened in 2008, three years behind schedule, according to an older San Fernando Valley Business Journal article. NoHo 14's developer, North Hollywood-based JSM Companies didn't return calls.
· NoHo Tower Reborn Again As Apartment Complex [SFVBJ]
· NoHo 14 archives [Curbed LA]