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Brant, NY · Business
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Macerich Defaults On Nearly $400M Tied To Fresno, Niagara Falls Malls
Mall giant Macerich has defaulted on close to $400 million in loans backed by shopping centers in Fresno, California, and Niagara Falls, New York, as the real estate investment trust negotiates with lenders over which properties it will keep and which it will let go. The two defaults, totaling $399.4 million, mark the latest step in a broader effort by the company to pare down its national mall portfolio.
Fresno, CA · 4d
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