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Gramercy Capital Takes Control of Cupertino Square

June 26, 2009

It seemed like only a matter of time, but Cupertino Square has finally gone back to the lender. Not much to say except that I hope the new owners will make better decisions that the previous ones who in my opinion had a difficult job in the first place but made some short-sighted leasing decisions.

The new owners first step has been to engage Jones Lang LaSalle to get the mall back on its feet. The lenders on Cupertino Square were Gramercy Capital and United Commercial Bank.

Other posts we’ve previously made about Cupertino Square are:

[via The Registry]

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Categories: Commercial Finance and Lending | Market Data
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