Source: New York Post
The once-proud Palisades Center mall in Rockland County was just sold off at auction for $175 million — a pittance of what it was hoped to fetch — and remains in a deep financial hole. Black Diamond Management, an affiliate of BD Palisades Holdings which was already juggling the megamall’s whopping $463 million debt, was the only bidder for the retail giant at the fire sale in Manhattan last week. Locals are hoping the sale somehow saves the 28-year-old mall, the Rockland Business Journal reported.
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