CBL Properties and a joint-venture partner have signed a $148 million loan that has been secured by its Friendly Center and the Shops at Friendly Center properties in Greensboro.
West Dundee is expected to spend $1.25 million to acquire the empty Macy s department store at Spring Hill Mall, with an eye on razing it as part of a reimagining of the whole mall area.
CBL Properties said Tuesday that a foreclosure or conveyance of one of its three Triad properties — Alamance Crossing East in Burlington — is imminent.