BUFFALO, N.Y. (WIVB) — Syracuse-based Pyramid Management Group is maintaining its role as property manager of the Walden Galleria after reaching an agreement with the mall, the company said.
The agreement comes after Pyramid Management Group defaulted on a multi-million-dollar loan. They owed more than $230 million in April 2022 before receiving an extension two months later.
Lender representatives said the company risked the loss of rights related to managing the property, among other penalties…