Minoa

Minoa, NY · Real Estate
mpamag.com
KeyBank wins cash sweep fight over tenant's early exit clause
A New York appellate court handed a commercial property owner a loss over a lease that looked like a fix but wasn't. The Appellate Division, First Department, unanimously affirmed the dismissal of claims brought by KB Green Valley North, DST against KeyBank National Association and Wilmington Trust. At issue: a cash sweep provision in a commercial mortgage loan agreement, and whether a tenant's extended lease was enough to cure it.
CBS News
Gen Z favors New York as a place to move, study says
binghamtonhomepage.com
spectrumlocalnews.com
Mortgage lender accuses Eastview Mall owner, town of Victor of attempting to avoid debts
The legal battle continues over Eastview Mall's property. Mortgage lenders U.S. Bank and Wells Fargo filed for foreclosure, claiming owner Wilmorite failed to pay its debts on time. In court documents, they accuse Wilmorite and the town of Victor of avoiding debts by claiming five parcels through eminent domain. Under...
Syracuse.com
Destiny USA owner faces loss of fourth mall after missing loan deadline
Syracuse, N.Y. — Pyramid Management Group is at risk of losing its fourth mall in two years. The Syracuse-based mall development and management company is being sued by Wells Fargo Bank after defaulting on a $53.4 million mortgage on Sangertown Square mall in New Hartford. Pyramid, which also owns...