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Brookfield Loses Part of Tucson Mall, Office Lending Shrivels, Bank of America Projects Defaults

A Weekly Look at the Commercial Mortgage-Backed Securities Business

Park Place Mall in Tucson, Arizona, sold in a foreclosure auction last month for $87 million. (CoStar)
Park Place Mall in Tucson, Arizona, sold in a foreclosure auction last month for $87 million. (CoStar)

Brookfield Loses Part of Tucson Mall: A Brookfield Corp.-owned portion of the 1.1 million-square-foot Park Place Mall in Tucson, Arizona, has been sold in a foreclosure auction for $87 million, according to Pima County court records.

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