Two commercial mortgages backed by a Virginia shopping mall outside Washington DC are in foreclosure, as the specialty servicers of the loans seek to find a resolution to the default. Vornado Realty Trust, a New York-based real estate investment trust (REIT) that specializes in retail developments, owns the Springfield Mall, a 2m-square-foot shopping mall anchored by JCPenney, Macy’s and Target stores, according to the company’s website.
0 minute readCommercial mortgage default sends Va. shopping mall into foreclosure
August 24, 2010, 3:56pm
Christine was a reporter with HousingWire through August 2011.see full bio
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Christine was a reporter with HousingWire through August 2011.see full bio