The beleaguered Bangor Mall, whose fortunes soured last spring after anchor store Macy's closed, may soon have a new owner. Mall owner Simon Property Group of Indianapolis appears to be giving up on an $ 80 million loan it took out against the mall in 2007 and then defaulted on last Oct. 1. That means LNR Partners, a Miami-based firm handling the troubled loan, could take over the mall from Simon as soon as the end of March.

Foreclosure News

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