Miami’s Southland Mall modifies loan

The Southland Mall’s owner has paid down $12 million in principal and modified the loan on the property, which had gone 60 days delinquent on its loan balance, according to the South Florida Business Journal. The mall, which is located at 20505 South Dixie Highway, was built in 1972. The 663,948-square-foot property had been placed in special servicing in January. According to data from analytics firm Trepp, occupancy at the project had been around 94 percent. [SFBJ]