David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
City: Syracuse
$430Mln CMBS Loan Against Syracuse, N.Y., Mall Nears Maturity Again
The $430 million of CMBS financing against the massive Destiny USA shopping center in Syracuse, N.Y., matures next week. The loan, securitized through JPMorgan Chase Commercial Mortgage Securities Trust, 2014-DSTY, could be extended, but for that to happen, the collateral ...
Syracuse, N.Y., Office Sees 70 Percent Drop in Appraised Value
Commercial Real Estate Direct Staff Report The Salina Meadows Office Park in Syracuse, N.Y., which was purchased only two years ago for $37.5 million, has been appraised at a value of only $12.3 million. The 237,496-square-foot office property is encumbered ...
Pyramid Negotiates 5-Year Extension of $430Mln CMBS Loan on Destiny USA Mall
Pyramid Cos. has negotiated a five-year extension of the $430 million CMBS financing against its Destiny USA shopping center in Syracuse, N.Y. The financing, securitized through JPMorgan Chase Commercial Mortgage Securities Trust, 2014-DSTY, was facing its final maturity next month. ...
Destiny USA Mall in Syracuse, N.Y., Sees Appraised Value Slashed by 80 Percent
Commercial Real Estate Direct Staff Report Destiny USA Mall in Syracuse, N.Y., has had its appraised value slashed by 80 percent from its original value, to $147 million. The mall last was re-appraised in January 2021 at a value of $203 ...
Champion Real Estate Buys Syracuse, N.Y., Student-Housing Property for $65Mln
Multi-Housing News Champion Real Estate Co. has bought the Campus Hill Apartments, a 267-unit student-housing property in Syracuse, N.Y., for $65 million, or about $243,446/unit. The seller wasn't disclosed. The Los Angeles developer, through its Victory House Syracuse LLC subsidiary, ...
Destiny USA Mall in Syracuse, N.Y., Sees Appraised Value More than Halved
Commercial Real Estate Direct Staff Report The Destiny USA mall in Syracuse, N.Y., has been appraised at a value of only $203 million, down from the $710 million pegged to it in 2014, when $430 million of CMBS debt was ...
Pyramid Negotiates Extension, Payment Deferral for $430Mln Destiny USA Loan
Commercial Real Estate Direct Staff Report Pyramid Cos. has negotiated the workout of a $430 million CMBS loan against the two phases of its Destiny USA Mall in Syracuse, N.Y., and is moving toward getting the securitized loans against five ...
Pyramid Negotiates Extension, Payment Deferral for $430Mln Destiny USA Loan
Pyramid Cos. has negotiated the workout of a $430 million CMBS loan against the two phases of its Destiny USA Mall in Syracuse, N.Y. and is moving toward getting the securitized loans against five other shopping malls modified as well.
Crouse Medical Center
89 percent leased.
Syracuse, N.Y., Medical-Office Property Sells for $18Mln
Real Estate NJ Iconic Property Partners has paid $18 million, or $104/sf, for the 173,466-square-foot Crouse Medical Center in Syracuse, N.Y. The Mahwah, N.J., real estate investor bought the two-building medical-office property from Brittonfield Associates of East Syracuse, N.Y., in ...
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