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Simon refinances Texas shopping mecca; New York’s Salesforce Tower lands new loan; Brookfield defaults on two malls

A weekly look at the commercial mortgage-backed securities business
Bank of America is leading a $1.2 billion refinance of the Galleria mall in Houston. (CoStar)
Bank of America is leading a $1.2 billion refinance of the Galleria mall in Houston. (CoStar)
CoStar News
February 6, 2025 | 1:54 P.M.

This week’s column examines Simon Property Group’s refinancing of the largest shopping center in Texas, a new loan for Salesforce Tower in New York and a pair of Brookfield mall defaults. Read the entire piece by clicking “read more” below.

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