Grand Island

Grand Island, NY · Business
hoodline.com
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.
hoodline.com
buffalorising.com
Done Deal: Voelkers Site Acquired for Mixed-Use Project
SAA|EVI has purchased the site of Voelkers Lanes complex at the northwest corner of Amherst Street and Elmwood Avenue where it is planning a five-story, 230-unit mixed-use building on the site. A subsidiary of SAA|EVI, Voelkers Apartments LLC, purchased ten properties at 666-680 Amherst Street, 1624-1634 Elmwood and 111-155 Marion, from Burt Voelker LLC, Charlie the Magnificent LLC and Labrador Building Systems Inc. for $4.1 million. The deal closed yesterday.