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Press Releases

Walden Restaurant Row

Pyramid Secures New Long-Term Financing for Walden Galleria

Pyramid Management Group Secures New Long-Term Financing for Walden Galleria in Buffalo, New York -- The financing positions Pyramid to continue its investment in the property, strengthening long-term vitality, vibrancy, and sustained market success -- SYRACUSE, NY — Pyramid Management Group is pleased to announce that they have secured a new five-year loan for Walden Galleria in Buffalo, New York. The new financing replaces the...

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Pyramid Management Group Secures Two New Five-Year CMBS Financings for its Properties in Albany, NY including a $193m Loan Package for Crossgates Mall and a $13.8 million Loan for Crossgates Commons

SYRACUSE, NY — Pyramid Management Group, one of the largest, most innovative, privately-held shopping center developers in the Northeast, has successfully secured a new five-year, $193 million CMBS loan package on Crossgates Mall in Albany, New York.  This new loan will allow Pyramid to continue to reinvest in the property and ensure its vitality, vibrancy, and sustained success in New York State’s Capital Region. “Crossgates Mall...

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Pyramid Management Group Secures New $81m Loan, Led by GreenBarn Investment Group, an Affiliate of Rithm Capital Corp, for Galleria at Crystal Run in Middletown, New York

SYRACUSE, NY — Pyramid Management Group, one of the largest, most innovative, privately-held shopping center developers in the Northeast, has successfully secured a new four-year, $81 million loan on Galleria at Crystal Run in Middletown, NY.  The financing consisted of a joint venture between GreenBarn Investment Group, an affiliate of Rithm Capital Corp (NYSE: RITM; "Rithm"), and InterVest capital partners, alongside Skylight Management and OakNorth Bank....

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Pyramid Secures Loan Extension for Sangertown Square

SYRACUSE, NY — Pyramid Management Group, one of the largest, most innovative, privately-held shopping center developers in the Northeast, has successfully secured a three-year extension for the loan on Sangertown Square in New Hartford, NY. This extension will allow Pyramid to continue to reinvest in the property and ensure its vitality, vibrancy and sustained success in Central New York and the Mohawk Valley. “Sangertown Square has...

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Pyramid Secures Loan Extension for Holyoke Mall

SYRACUSE, NY — Pyramid Management Group, one of the largest, most innovative, privately-held shopping center developers in the Northeast, has successfully worked with its lender to secure a three-year extension for the loan on Holyoke Mall at Ingleside in Holyoke, MA. This extension will allow Pyramid to continue to reinvest in the property and ensure its continued health, vibrancy and success while serving a very large...

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Pyramid Welcomes Primark to Crossgates in Albany, NY

-- Crossgates Marks Primark’s First Store in the Capital Region and the Second Primark Location Across the Pyramid Portfolio --   Albany, NY – Pyramid Management Group, the largest privately-held shopping center developer in the northeast, is excited to announce the opening of the first Primark store in the Capital Region at Crossgates in Albany, New York. This marks the continuation of an exciting partnership...

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