the staff of the Ridgewood blog
West Nyack NY, the Palisades Center megamall in West Nyack could be headed for a sale to satisfy its owner’s debts. Wilmington Trust, acting as a trustee for CMBS bondholders, filed in New York Supreme Court, New York County, to foreclose on the 2.2 million-square-foot shopping and entertainment complex, claiming Syracuse-based owner Pyramid Management Group defaulted on a $418.5 million loan tied to the mall property.
Continue reading Palisades Center Megamall in West Nyack Likely Headed For A Sale
