A Pennsylvania mall that was foreclosed on after its owners failed to repay $143 million has been auctioned off for $100.
Wells Fargo Bank was owed the money from a 2006 loan and submitted the winning bid for the 1.1 million-square-foot Galleria at Pittsburgh Mills on Wednesday. The bank was acting as trustee for MSCI 2007 HQ11, the trust that bought the mall in suburban Frazer Township.. . . more