Latest Breaking News On - Queen ka ahumanu center faces foreclosure suitmaui coronavirus impacts - Page 1 : comparemela.com

kcerizo@mauinews.com Queen Ka’ahumanu Center, Maui’s main mall that includes anchors Macy’s, Sears and Foodland, is facing a foreclosure lawsuit after defaulting last year on a multimillion-dollar loan. However, a representative for the owners on Thursday expressed optimism about the mall’s future. The Maui News / KEHAULANI CERIZO photo KAHULUI Despite facing a foreclosure lawsuit after defaulting on a massive loan, Queen Ka’ahumanu Center owners through a representative expressed optimism about the future of Maui’s main mall. Lender U.S. Bank filed for foreclosure on the Kahului shopping center on Nov. 12, alleging owner QKC Maui Owner LLC defaulted in June, according to 2nd Circuit Court documents. The lender said nearly $87.5 million was owed on the loan as of Oct. 14.

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