Goldman Sachs in $625 Million Las Vegas Retail Financing

Cleary Gottlieb represented Goldman Sachs, as lender, in connection with the origination of a $625 million mortgage loan for General Growth Properties’ refinancing of two Las Vegas shopping malls, the Grand Canal Shoppes at the Venetian and the Shoppes at the Palazzo.

General Growth Properties is one of the largest shopping mall REITs with 136 regional and super-regional malls, totalling approximately 140 million square feet of space.