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Debt Restructuring Begins on Seven Starwood Malls

Pacific Retail, Golden East Begin Negotiations Over $1 Billion With Three Lender Groups
The Great Northern Mall in North Olmstead, Ohio, is one of seven malls expected to be repositioned. (CoStar)
The Great Northern Mall in North Olmstead, Ohio, is one of seven malls expected to be repositioned. (CoStar)
CoStar News
September 28, 2020 | 9:45 P.M.

Pacific Retail Capital Partners has officially entered into exclusive negotiations with senior lenders on 8 million square feet of retail space across seven regional malls still owned but no longer controlled by Starwood Capital Group.

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