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Destiny USA, a massive New York mall, defaults on a $300M mortgage, threatening foreclosure.
Destiny USA, New York's largest mall, has defaulted on a $300 million mortgage, raising concerns about potential foreclosure.
Managed by Pyramid Management Group, the mall faces financial struggles due to declining foot traffic and competition from online retailers.
The lender is negotiating an extension, but the mall's future remains uncertain, with possible implications for the local economy.
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Destiny USA, un enorme centro comercial de Nueva York, defaults en una hipoteca de $300 millones, amenazando con una ejecución hipotecaria.