The owner of Philadelphia Mills, Simon Property Group Inc. is in talks to surrender the Northeast Philadelphia mall to its debtholders. According to CMBS reports, Simon Property Group is looking to transfer ownership to the CMBS trusts holding the four notes of its $290 million loan, which matured in June. The noteholders have ordered third-party reports and are working on the title transfer, loan servicer notes show.

*Article courtesy of Philadelphia Business Journal

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