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Bloomberg

BusinessBloomberg·Aug 7, 2026·1 min read

Once-AAA Bonds on New York Megamall Face Over $350 Million Loss

Pyramid Management Group, a shopping center developer, is buying back the mortgage on a struggling megamall it owns in Syracuse, New York, for cents on the dollar, mostly wiping out bonds that originally carried top ratings.

View original source — Bloomberg ↗

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