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Simon Property, Turnberry Associates close on $1.75B refinancing of Miami mall

An affiliate of regional mall landlord Simon Property Group Inc. and real estate developer Turnberry Associates Inc. closed on a $1.75 billion refinancing of their jointly owned Aventura Mall in Miami on June 7.

Aventura Mall Venture obtained the financing from JPMorgan Chase Bank, Wells Fargo Bank, Deutsche Bank and Morgan Stanley Bank, according to a release.