The Real Deal

Pyramid’s $244M debt on Crossgates Mall to be auctioned after default

Mall owner Pyramid Management Group has spent the past few years fighting fires across its portfolio, but it may soon have one fewer property to deal with. Three mortgages totaling $243.7 million on ...

$700M-plus debt raises questions about Destiny USA mall’s future

Destiny USA remains a popular destination for many, but new details about its owner’s finances are raising questions about ...
The Real Deal

Buyer snaps up $243M Crossgates Mall debt

Someone still believes in Pyramid Management Group’s flagship mall outside of Albany. An unidentified lender purchased the Crossgates Mall’s $243 million mortgage debt at auction, the Times Union ...
Times Union

Crossgates Mall appraised in prep for debt auction

GUILDERLAND — The owners of Crossgates Mall’s mortgage loans have completed an appraisal for the region’s largest shopping destination in preparation for a sale of the debt. Pyramid Management Group ...
The Business Journals

Crossgates has new lender but same owner as $242 million in debt sold

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The owner of Crossgates had ...
The Business Journals

A $242M question hangs over Crossgates as deadline approaches

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The owner of Crossgates ...