Posts Tagged: Simon Property Group

Simon Property Group In Talks to Hand Over Philadelphia Mills Mall

Simon Property Group In Talks to Hand Over Philadelphia Mills Mall

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… Read more »