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Hamilton Mall could have power cut over unpaid bill, report says

Hamilton Mall could have power cut over unpaid bill, report says
nj1015.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nj1015.com Daily Mail and Mail on Sunday newspapers.

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PREIT Reports Fourth Quarter and Full Year 2020 Results

PREIT Reports Fourth Quarter and Full Year 2020 Results
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

United statesValley viewWyoming valleyHeather crowellMario ventrescaJosephf coradinoNon same storeCore propertiesNational association of real estate investment trustsPennsylvania real estate investmentNon sameHotel parcelsEnded decemberCore mallDartmouth mallPrince george

PREIT Reports Fourth Quarter and Full Year 2020 Results

Muncie Mall s owner WPG preparing for possible bankruptcy filing

Washington Prime Group owns about 100 malls throughout the U.S., including the Muncie Mall and Clay Terrace in Carmel. The report indicated that time was running out for officials with the company to avert a default on loans after it skipped an interest payment. None of this should come as a surprise, as the company said it would likely try to rid itself of assets like Muncie s struggling mall by defaulting on loans over time. Mark E. Yale, the company s CFO, said WPG would transition those non-core assets back to the lender, meaning default on the mortgage loans secured by those shopping centers.

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Mall Owner Washington Prime Said to Be Prepping for Bankruptcy

Share Shopping mall owner Washington Prime Group, which owns and operates around 100 mid- and low-tier malls in the United States, is potentially preparing a bankruptcy filing. The company skipped its $23 million interest payment last month, and said that it would use a 30-day grace period to continue negotiations with its lenders. But those talks have allegedly fallen apart, Bloomberg reported this week, and the grace period is almost up. Washington Prime formed when it spun off from Simon Property Group, the largest mall owner in the country, in 2014. The Columbus, Ohio–based company acquired Glimcher Realty Trust in 2015, adding to its portfolio of mainly B- and C-rated malls.

United statesJean marie tritantPennsylvania real estate investmentSimon property groupGlimcher realtyWashington prime groupGlimcher realty trustPennsylvania real estate investment trustMarie tritantGetty imagesஒன்றுபட்டது மாநிலங்களில்பென்சில்வேனியா ரியல் எஸ்டேட் முதலீடுசிமோன் ப்ராபர்டீ குழுவாஷிங்டன் ப்ரைம் குழுபென்சில்வேனியா ரியல் எஸ்டேட் முதலீடு நம்பிக்கைகெட்டி படங்கள்