Audio By Carbonatix
So notes The Wall Street Journal in a just-posted piece concerning the fortunes, or lack thereof, of Feldman Mall Properties Inc., which has acknowledged that J.P. Morgan Chase & Co. will in fact sell the Golden Triangle, located off of I-35, at foreclosure auction sooner than later. Feldman bought the mall for some $40 million back in ’06 and still owes $25 million on the note. Chase was floating Feldman while it worked out a deal, but the lender’s done given up. Me, I’d buy it, but I’m saving up to get Valley View Center when it comes available.
