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It is now home to Austin Community College, but was once a Rouse Mall and most recently a jv between GGP and Simon. Further, while dire, Realpoint only projected a 75% loss on the loan.
UPDATE: CrabsOfSteeel found this gem from HighlandMallsNotClosing.com (which seems like an otherwise dead site):
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I don't know if this is going to come through as a clickable link, but it's a very funny graphic description:
http://www.highlandmallisnotclosing.com/1M4G35/2o1o/o6/leftHoldingTheBag.jpg
This even outpaced the 107% loss severity on the Washington Mutual Building in GECMC 2005-C1
Hello. FYI, I referred to an old blog post of yours in a comment to someone's post about how the number of government employees is pretty small:
http://drennans-et-al.blogspot.com/2012/08/this-government-is-too-big-this.html
Credit where credit is due; I got that from a sell-side strategist
Fitch mentions this mall: "Counter-intuitively, a mall with above-average sales today and located in a robust demographic market may be just as prone to deterioration in future years as new competition is attracted to the area. This is what occurred with the Highland Mall in Austin, TX, which recently liquidated at over 100% loss severity."
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