Tuesday, April 21, 2020

Pandemic deals a blow to one of the nation’s largest malls

Chain Store Age
The 2.2 million-sq.-ft. Palisades Center in West Nyack, N.Y., may have a tough time coming back following the coronavirus shutdown.

The property’s $388 million debt has been transferred to a commercial mortgage-backed securities special servicing unit because of “imminent monetary default,” according to a report in the Rockland County Business Journal.. . . more