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Tough Times in the Shopping Mall Sector
The chapter explores the struggles faced by shopping malls across the US, highlighting specific troubled properties like Miami International Mall and Holy Oak Mall. It also discusses a significant loan resolution for a regional mall in Texas, showcasing the challenges of decreasing property values and high loss severities. Additionally, the analysis delves into the financial performance of retail properties, multifamily property sales, and a financing story in the exclusive Tinglewood neighborhood in Houston.