Pyramid pulls in $200M in financing for Crossgates retail properties 

Pyramid Management Group is going through hard times with much of its portfolio, but it received a lifeline for its Crossgates properties in New York. Pyramid landed more than $200 million in financing for a pair of retail properties, the Times Union reported. The financing is split between $193 million for the Crossgates Mall in Guilderland and $13.8 million for the Crossgates Commons shopping center in Albany. Both of the deals take the form of five-year finance loans. The developer said in a release announcing the deal that the financing “enables Pyramid to reinvest in the properties, ensuring their vitality, […] This article originally appeared on The Real Deal. Click here to read the full story.