$2B NJ Entertainment Complex Project Gets $700M Boost

Law360, New York (June 6, 2012, 7:44 PM EDT) -- Mall developer The Triple Five Group of Cos. has reached a tentative deal with Deutsche Bank AG to inject a $700 million loan into the struggling American Dream Meadowlands retail and entertainment development in New Jersey, according to a Wednesday news report.

Triple Five, which signed on to the $2 billion stalled development two years ago, plans to take full control of the project from a group of lenders including Capmark Financial Group Inc. and Northstar Realty Finance Corp., the Wall Street Journal reported.

The loan,...
To view the full article, register now.