Pyramid Management Group, a shopping center developer, is buying back the mortgage on a struggling megamall it owns in Syracuse, New York, for cents on the dollar, mostly wiping out bonds that originally carried top ratings.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-07/once-aaa-bonds-on-new-york-megamall-face-over-350-million-loss)