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The mall’s $117.7M loan was transferred to special servicing ahead of its November 2024 maturity date.
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The county will pay $200M, two-thirds less than what the property was appraised for in 2020.
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Brookfield had obtained the mall through its 2018 acquisition of GGP, but its performance worsened during the pandemic and hasn't recovered.
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The sale would be the last of the JCPenney's in the pass-through trust's portfolio it garnered out of the retailer's 2020 bankruptcy.
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Aramco's downstream company Motiva Enterprises renewed its 221K SF lease at One Allen Center in Downtown Houston.
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The land swap agreement included Redbrick LMD inking a ground-lease with the Navy for a 15-acre waterfront site where it planned a mixed-use development.
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Asian supermarket T Market plans to occupy 90K SF in the former Wegmans space at the Natick Mall.
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The Vancouver-based firm said it had received a wave of redemption requests while trying to manage ongoing loan obligations and loan workouts.
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Fermi America signs deals with a pair of Korean firms to start building four nuclear reactors at its planned data center campus in the Texas Panhandle.
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Investment activity is picking up across sectors, but the upcoming budget looms large as capital seeks stability, Women Leading Real Estate panel warns.
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