$425m refinancing secured for miracle mile shops on las vegas strip

Jll's capital markets group arranges refinancing for 503,484-square-foot entertainment and retail destination pittsburgh , june 28, 2023 /prnewswire/ -- jll's capital markets group announced today that it has arranged a $425 million refinancing for miracle mile shops, a 503,484-square-foot entertainment and retail destination located at the center of the las vegas strip. jll worked on behalf of the borrowers, imi miracle mall llc and imi miracle harmon llc, which are indirect subsidiaries of institutional mall investors llc, a co-investment venture between an affiliate of miller capital advisory, inc. and california public employees' retirement system, to secure a five-year, fixed-rate cmbs loan.
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