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Mall partly owned by Simon Property defaults on payment

A Long Island mall partly owned and managed by Simon Property Group SPG.N has defaulted on a $124 million balloon mortgage payment after two of the main stores there filed for bankruptcy. The Mall at the Source in Westbury, New York, defaulted on the payment of the principal on March 11, said a spokesman...

Posted to Around The Web (Weblog) by Glenn Setzer on Wed, Apr 1 2009

Page 1 of 1 (1 items)

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