General Growth Properties Inc., owner and operator of Jordan Creek Town Center in West Des Moines, has defaulted on a loan payment that was due this month for a suburban Detroit mall, Bloomberg reported. A $144 million payoff on a loan for Lakeside Mall was due this month. The mortgage has been turned over to a special servicer. The default by General Growth, the second-biggest U.S. mall owner, may be a harbinger of trouble nationwide as a wave of debt from the last decade’s borrowing binge comes due for shopping centers, Bloomberg said. About $47.5 billion of loans backed by retail properties are set to mature over the next 18 months. Lakeside Mall had been flagged for potential problems by Fitch Ratings, which noted the mall’s declining occupancy. According to a separate report, Lakeside Mall’s occupancy stood at 79 percent in December. By comparison, Jordan Creek Town Center was nearly 98 percent occupied earlier this year, according to CBRE|Hubbell Commercial’s 2016 Market Survey.