Palisades Center Unlikely To Make May Mortgage Payment: Tenants Not Paying May Rent
More than half of all mall-based department stores could close by the end of 2021, according to Green Street Advisors.
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Tag: JP Morgan Chase
Distressed Palisades Center Could Find Quick Buyer But At Deep Discount
The Palisades Center could go into foreclosure by mid-summer if owner Pyramid Management Group does not find a buyer, according to an inside source at J.P. Morgan.
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Palisades Center Mall Default Imminent
Its massive debt of $388.5 million has been transferred to a special CMBS servicing unit because of “imminent monetary default.”
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