A Simon Property Group Mall Generates Largest Loss Ever for Retail CMBS
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter How the Brick & Mortar Meltdown works for Commercial Mortgage-Backed Securities after America’s largest mall landlord defaults on a mortgage and walks away from the mall. The dust has settled and the numbers have emerged: A $200-million commercial real estate mortgage on an indoor mall of over 1 million square feet … Read more