Black Diamond Capital Management in a press released stated that the company plans to be "long-term owners" of the Palisades Center megamall.

WEST NYACK - A new plaintiff has taken over a foreclosure lawsuit against the Palisades Center after the megamall's owners were accused of failing to pay a $418.5 million debt. Meanwhile, the mall ...

Black Diamond Capital Management paid $175M for the mall, the 12th-largest in the U.S — a far cry from its listed price of $463.4M. The sale puts an end to a foreclosure process that began in February ...

After the Palisades Center mall was auctioned off, the new owners on Feb. 13, 2026, issued a statement about long-term ...