Blackstone Makes $320M Mall Deal With Glimcher
The firms said Friday the value of the combined joint venture transaction does include $218 million in mortgage loans currently in place on the properties.
The deal is expected to generate net proceeds of approximately $60 million for Glimcher, after debt assumption and normal closing costs, the two said.
Glimcher will use proceeds from the deal to reduce outstanding amounts under its...
To view the full article, register now.