The buyer of an enormous sale of the debt attached to Albany’s largest mall has now been identified. Cannae Advisors, a Greenwich, Conn.-based investment firm, has partnered with Morgan Stanley (MS) on a joint venture to purchase $173.9 million worth of loans served by the Crossgates Mall, Commercial Observer has learned. Pyramid Management Group, the largest privately held shopping center developer in the Northeast, remains the owner of the property.
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