The Mall at Stonecrest is facing debt trouble that leaves it vulnerable to foreclosure.
Fitch Ratings has reported that a loan backed in part by the Lithonia mall is now held by a company that helps firms work out of debt.
The Atlanta Journal-Constitution reports the move will not affect mall operations. Still, Lithonia Mayor Deborah Jackson called the problems "disturbing news."
Several malls across Georgia have faced financial difficulties, especially since the Great Recession. Gwinnett Place Mall went into foreclosure last year. The loan on Southlake Mall in Morrow last year went to the same firm now holding the Stonecrest loan. Union Station Mall in south Fulton County was foreclosed in 2010.
Three other Georgia malls in Macon, Gainesville and Rome have also faced foreclosure.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Friday, May 24 2013 11:06 PM EDT2013-05-25 03:06:52 GMT
If you're hitting the road this weekend, you wont be alone. Plenty of drivers are expected to make use of the long Memorial Day weekend, both in and out of town.
If you're hitting the road this weekend, you wont be alone. Plenty of drivers are expected to make use of the long Memorial Day weekend, both in and out of town.
Friday, May 24 2013 11:00 PM EDT2013-05-25 03:00:01 GMT
An Army Reserve sergeant surprised his daughter by returning from an overseas deployment and presenting her with her diploma at high school graduation.
An Army Reserve sergeant surprised his daughter by returning from an overseas deployment and presenting her with her diploma at high school graduation.
Friday, May 24 2013 10:32 PM EDT2013-05-25 02:32:57 GMT
Authorities say more than a dozen people were injured in an accident involving a hotel shuttle bus near Atlanta's Hartsfield-Jackson International Airport on Friday morning.
Authorities say more than a dozen people were injured in an accident involving a hotel shuttle bus near Atlanta's Hartsfield-Jackson International Airport on Friday morning.
Friday, May 24 2013 10:28 PM EDT2013-05-25 02:28:55 GMT
In-depth reporting by the Druid Hills High School student newspaper on DeKalb's accreditation controversy landed the head of SACS as the school's commencement speaker on Friday.
In-depth reporting by the Druid Hills High School student newspaper on DeKalb's accreditation controversy landed the head of SACS as the school's commencement speaker on Friday.
Friday, May 24 2013 5:50 PM EDT2013-05-24 21:50:02 GMT
Memorial Day weekend marks the start of the summer boating season. Authorities are reminding folks that there are some new laws on Georgia's waterways.
Memorial Day weekend marks the start of the summer boating season. Authorities are reminding folks that there are some new laws on Georgia's waterways.
Friday, May 24 2013 10:44 PM EDT2013-05-25 02:44:03 GMT
The unofficial start of summer is being met with not-so-perfect beach weather. Many beach communities had been hoping for good weather this Memorial Day weekend following the destruction caused by Superstorm Sandy.
The unofficial start of summer is being met with not-so-perfect beach weather. Many beach communities had been hoping for good weather this Memorial Day weekend following the destruction caused by superstorm Sandy. The Fox 5 weather team is calling for sunny skies on Sunday and Monday.
Friday, May 24 2013 9:34 PM EDT2013-05-25 01:34:31 GMT
Actress Amanda Bynes was arrested by New York City police after investigating a report of her allegedly smoking marijuana in the lobby of her Midtown Manhattan building.
Actress Amanda Bynes was arrested by New York City police after investigating a report of her allegedly smoking marijuana in the lobby of her Midtown Manhattan building.
Friday, May 24 2013 9:15 PM EDT2013-05-25 01:15:35 GMT
When workers installed one of the much-heralded bike-sharing stations on West 22nd Street near 10th Avenue, they put it right in front of the brownstones.
When workers installed one of the much-heralded bike-sharing stations on West 22nd Street near 10th Avenue, they put it right in front of the brownstones, impacting the entrances for homeowners and tenants.
Friday, May 24 2013 8:10 PM EDT2013-05-25 00:10:09 GMT
AP photo
Resorts held a grand opening Thursday for Margaritaville, the $35 million restaurant, bar, and gambling complex that's part of a $70 million expansion and renovation.
Resorts held a grand opening Thursday for Margaritaville, the $35 million restaurant, bar, and gambling complex that's part of a $70 million expansion and renovation.
Friday, May 24 2013 6:09 PM EDT2013-05-24 22:09:59 GMT
New York State has 17,000 highway bridges. There are some bad ones. The Tappan Zee Bridge, for example, is set to be replaced because of aging infrastructure.
New York State has 17,000 highway bridges. There are some bad ones. The Tappan Zee Bridge, for example, is set to be replaced because of aging infrastructure.
Friday, May 24 2013 5:33 PM EDT2013-05-24 21:33:47 GMT
New Jersey Transit bus riders will soon have a new way to get across the Hudson River: by boat. The agency is partnering with New York Waterways, which will provide ferry service to customers. The
New Jersey Transit bus riders will soon have a new way to get across the Hudson River: by boat. The agency is partnering with New York Waterways, which will provide ferry service to customers. The
