Southland Mall’s Troubled $65M CMBS Loan For Sale

Southland Mall, 20505 South Dixie Highway in Cutler Bay with JLL's Tom Hall and Danny Finkle (Google Maps, JLL)

Southland Mall, 20505 South Dixie Highway in Cutler Bay with JLL’s Tom Hall and Danny Finkle (Google Maps, JLL)

JLL is marketing the $65 million commercial mortgage-backed securities loan that the former owner of Southland Mall in Cutler Bay defaulted on earlier this year.

The CMBS loan is tied to the 990,000-square-foot indoor mall at 20505 South Dixie Highway. The mall’s former owner, Investcorp, defaulted on the loan in April and handed the keys over to its CMBS lenders this summer. The mall is currently in foreclosure and a receiver was appointed by a Miami-Dade Circuit Court judge.

The loan is structured with a two-year term with three one-year extension options, according to a press release. The JLL Capital Markets team representing the seller includes Tom Hall and Danny Finkle.

“We predict a significant uptick in transaction volume in the first half of next year,” Hall told The Real Deal

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Affordable homes, some for the homeless, eyed near San Jose malls

SAN JOSE — PATH Ventures, which specializes in affordable homes, has proposed a residential development that would replace some retail buildings on West San Carlos Street in San Jose.



an aerial view of a city street: PATH Villas at West San Carlos, a proposed 94-unit residential development at 1921 W. San Carlos St. in San Jose that will be 100 percent affordable, concept.       Dahlin


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PATH Villas at West San Carlos, a proposed 94-unit residential development at 1921 W. San Carlos St. in San Jose that will be 100 percent affordable, concept. Dahlin

The new residential development would sprout at the corner of West San Carlos Street and Cleveland Avenue, just east of Interstate 880 and a short distance from Valley Fair mall and Santana Row, according to documents filed with city planners.

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“PATH Villas at West San Carlos will be a 94-unit affordable, mixed-income housing development serving families in the West San Carlos Urban Village Plan area,” PATH Ventures stated in documents on file with the city’s planning department.

The proposed development might be able to extend its

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