search

The Real Deal Logo

Trending

Developers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it outGlossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseBushburg buying Rudin’s half-empty FiDi office building for $160MBushburg buying Rudin’s half-empty FiDi office building for $160MHousing deal finally passes; here are the detailsHousing deal finally passes; here are the details
South Florida

Palm Beach Mall finances in trouble

Sign Up for the undefined Newsletter

In addition to foreclosure proceedings, the Palm Beach Mall nearly lost its electricity and water service because of unpaid bills, West Palm Beach officials said. The mall, owned by Indianapolis-based Simon Property Group, allegedly failed to make payments on millions of dollars in loans due to J.P. Morgan Chase Bank and faces a $55.4 million foreclosure suit. The 42-year old property racked up tens of thousands of dollars in water and electricity bills.