Real estate brokerage Newmark is trying to sell a $430 million troubled loan tied to one of the country’s largest malls, an offering that could help accelerate a broader shift in how the commercial real estate industry handles distressed debt.
An end to 'extend and pretend?' New York mall loan signals a shift in how lenders tackle distress.
Destiny USA debt shows servicers may be abandoning patient loan workout strategies
CoStar News
June 14, 2026 | 11:27 P.M.
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IN THIS ARTICLE
- Properties
- Destiny USA
3 Destiny USA Dr, Syracuse, NY
- Companies
- Pyramid Management Group, Inc.
Real Estate
- 1st Service Solutions Inc
Services
- Academy Securities
Finance and Insurance