City: Syracuse

Commercial Real Estate Direct Staff Report Pyramid Cos., owner of the 2.4 million-square-foot Destiny USA Mall in Syracuse, N.Y., has negotiated a one-year extension of the $430 million of CMBS financing against the shopping center. The loan was slated to ...

Weakening collateral cash flows and a pending maturity have prompted the transfer to special servicing of the $430 million of CMBS financing against the 2.4 million-square-foot Destiny USA mall in Syracuse, N.Y. The property's owner, Pyramid Cos., says it's in ...

  The following story has been edited to clarify that the property's 10 percent cash flow decline has been since 2014. The massive Destiny USA mall in Syracuse, N.Y. - among the largest shopping malls in the country - has ...

Zamir Equities has paid $25.25 million, or about $83/sf, for One Lincoln Center, a 305,594-square-foot office building in Syracuse, N.Y. The New York real estate investment firm purchased the 19-story building, at 110 West Fayette St., from Sovereign Partners of ...

Commercial Real Estate Direct Staff Report The Great Northern Mall near Syracuse, N.Y., recently was sold to Kohan Retail Investment Group for $11 million. The transaction resolved a $32.2 million mortgage that had been securitized through Bears Stearns Commercial Mortgage ...

Atlanta Business Chronicle An affiliate of Peak Campus has proposed developing a 604-bed student-housing project in Syracuse, N.Y. The Atlanta student-housing developer is planning the seven-story project for the northwest corner East Genesee Street and South Crouse Avenue. It will ...

Commercial Real Estate Direct Staff Report Macerich Co. has conveyed the Great Northern Mall near Syracuse, N.Y., to its lender in a deed-in-lieu of foreclosure. A total of 504,743 square feet of the 895,000-sf shopping center, in Clay, N.Y., serves ...

Phillips Edison & Co. has sold the 164,661-square-foot River Mall Shopping Center in Baldwinsville, N.Y. The buyer and purchase price were not disclosed. CBRE brokered the deal. The property, at 2265 Downer St., is 15 miles north of downtown Syracuse, ...