| Speaking of the year-end Trepp report, something caught our eye. The $38.2M IO loan for City Walk, the mixed-use project in Sandy Springs, was foreclosed upon in November. According to Trepp, it ranks as one of the single largest retail loans in the city that is troubled (with Simon Properties' Discover Mills $135M non-performing loan the single largest as of December). A source familiar with the loan says the property will soon be advertised for foreclosure. |
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