The Mall at Stonecrest is facing debt trouble that leaves it vulnerable to foreclosure.
Fitch Ratings has reported that a loan backed in part by the Lithonia mall is now held by a company that helps firms work out of debt.
The Atlanta Journal-Constitution reports the move will not affect mall operations. Still, Lithonia Mayor Deborah Jackson called the problems "disturbing news."
Several malls across Georgia have faced financial difficulties, especially since the Great Recession. Gwinnett Place Mall went into foreclosure last year. The loan on Southlake Mall in Morrow last year went to the same firm now holding the Stonecrest loan. Union Station Mall in south Fulton County was foreclosed in 2010.
Three other Georgia malls in Macon, Gainesville and Rome have also faced foreclosure.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Tuesday, June 18 2013 7:11 PM EDT2013-06-18 23:11:21 GMT
Atlanta police have arrested two brothers for running what they say was a major fraud ring that caused small businesses across the country to lose more than $300,000.
Atlanta police have arrested two brothers for running what they say was a major fraud ring that caused small businesses across the country to lose more than $300,000.
Tuesday, June 18 2013 6:22 PM EDT2013-06-18 22:22:48 GMT
Defense attorneys want the governor's report on Atlanta Public Schools cheating thrown out. They say educators were threatened to cooperate with investigators or lose their jobs.
Defense attorneys want the governor's report on Atlanta Public Schools cheating thrown out. They say educators were threatened to cooperate with investigators or lose their jobs.
