Brookfield’s GGP hits pause on CMBS refinancing for two enclosed malls

High occupancy supports potential $276 million deal for Texas, Florida properties

The 1.5 million-square-foot Willowbrook Mall in Houston backs about 60% of a new CMBS loan. (CoStar)

CoStar News

April 1, 2026 | 7:54 P.M.

This story was updated April 2 with a comment from GGP on postponing a $276 million CMBS refinancing.

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