CHEEKTOWAGA, N.Y. — Pyramid Management Group owes more than $237 million on its Walden Galleria loan, but that’s only a fraction of the money owed for all its mall properties.
The Syracuse-based development firm is seeking a five-year loan extension for the loan on Walden Galleria, Western New York’s largest mall, which comes due in May.
Pyramid representatives have not responded to Business First’s questions or declined to comment on the loans. An analysis of the group’s 13 other mall properties gives an idea of the company's overall finances and perhaps hints at what could be in store at the Walden Galleria. You can read the full story on Buffalo Business First's website.
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