Inside Long Island Business
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Mall at the Source to be sold at auction
The Mall at the Source is slated to be sold at a foreclosure auction on Aug. 28, according to PropertyShark.
The long-troubled retail center is burdened with a $124 million mortgage, according to a report by Trepp, which tracks commercial mortgages. An appraisal last year valued the property at $90 million “as is,” Trepp reported. PropertyShark reported the outstanding lien is $141.9...