American Dream Leaves Clan Behind Mall Empire Mired in Debt - Bloomberg

  • Owners of the New Jersey property have $5 billion debt load

  • Ghermezian family’s Triple Five Group has missed some payments

Link to full article.

“They have an amazing name of being charitable, of being forward-thinking and being really, really smart businessmen,” Shlomo Chopp, managing partner of Case Property Services, a real estate restructuring advisory firm, said in an interview.”


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The Mall is Dead. Long Live Bricks-and-Mortar? - National Real Estate Investor