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Real Estate & Property Law

: The Home Equity Theft Reporter

Queens Shopping Mall Owner To Hand Over Complex To Foreclosing Lenders; Area Competition, Bad Economy Dooms Retail Project

By r morris

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In Glendale, Queens, The New York Times reports: [L]enders are foreclosing on a Queens shopping mall developed and owned by [Metropolitan Transit Authority chairman H. Dale Hemmerdinger's] company, Atco Properties and Management, Mr. Hemmerdinger said on Tuesday. [...] He declined to say how much his company had invested in the property, the Shops at Atlas Park, which has a $128 million mortgage

Full post as published by The Home Equity Theft Reporter on February 05, 2009 (boomark / email).

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