NY’s Third-Largest Mall Heads to Auction with More than $400 Million in Debt

NY’s third-largest mall heads to auction with more than $400 million in debt

New York state’s third-largest mall is headed to public auction next month after racking up more than $400 million in debt.

Palisades Center mall headed to auction block after years of financial struggles

The Palisades Center, a 2.2 million-square-foot megamall in Rockland County -- and one of the biggest malls in America -- is due to go on the auction block next month for an estimated $463 million, according to reports.

Distressed Mall Buyers Likely To Eye Palisades Center At Deep Discount

Black Diamond Capital, Having Acquired The Underlying Debt At A Deep Discount, Stands To Reap Substantial Rewards From Its Investment