Syracuse, N.Y. -- Just when it looked like things couldn’t get worse for Pyramid Management Group, the owner of Destiny USA, they have. The real estate giant, already grappling with avoiding foreclosure on its massive shopping mall in Syracuse, might soon face an even graver challenge. Pyramid Management Group recently lost control of a nearly identical shopping complex in the New York City area. This event marks a significant downturn for the company, indicating that they could also lose ownership of Destiny USA, one of the largest malls in the United States.

These ongoing issues raise concerns about the future stability of one of the nation's major mall operators. Experts suggest that the company must swiftly implement strategic changes to stabilize its mall management operations and avoid further losses. The ripple effect of these developments could have broader implications for the retail industry, especially in regions where Pyramid Management Group's properties are significant retail hubs. Stakeholders now watch closely as the situation unfolds, anticipating the broader impact on commercial real estate and local economies.