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.
Commercial mortgage default sends Va. shopping mall into foreclosure
Most Popular Articles
Latest Articles
NAMB partners with Roomvu on digital marketing efforts
NAMB members can use automation tools through Roomvu to market their services, create content and distribute newsletters.
-
New American Funding onboards top Chicago loan officer
-
Opinion: No benefit to home sellers is worth sacrificing first-time homebuyers
-
Weekly active inventory growth still too slow
-
While the Austin housing market isn’t sizzling, agents say it is still warm
-
CMLS looks to weigh in on the DOJ’s statement of interest