Lincoln Mall in Illinois, purchased out of foreclosure for $150,000 in 2012, fell into disrepair and was taken over by its town. Those malls have fallen on similarly tough times. The retail landscape has changed, but many shopping malls have not. The mall is anchored by JCPenney with three vacant anchors last occupied by Dillard's, Sears, & Stage.At the time of the mall's Some of those properties have had some successes. [17] Washington Square Mall was purchased in April 2016 for $2.5 million. - Great team work Sign up now to get our FREE breaking news coverage delivered right to your inbox. Correction: An earlier version of this story incorrectly attributed information about how much money Kohan owes to National Grid. YouTubes privacy policy is available here and YouTubes terms of service is available here. Ownership also owed $141,081.61 in taxes to Nobles County, Minnesota. News reports of Kohan-owned malls not paying taxes, losing stores and failing to attract shoppers date to at least to 2009. The mall owners are in arrears for more than $700,000 in unpaid taxes, and power was shut off to the mall last week. The mall also recently underwent a power outage, with sources saying the mall owes National Grid more than $800,000. Nobody bid, so the local parish now owns the mall. Authorities in Vero Beach, Florida,threatened to cut off power to Kohans Indian River Mall after the company failed to pay its electric bills for three months. While hotels may seem to be a far cry from Mall shopping is down and chain stores are closing. [25] Towne Square Mall and additional properties were purchased for $4 million in May 2018. Esplanade in Louisiana owed $800,000 in back taxes as recently as March. Felix Reznick, a partner with the Kohan group, said Wednesday the company is "not giving up on Harlingen, but I just don't have too many comments at this point. WebAttorneys have filed a proposed class action lawsuit alleging that Philips knew well before the recall about the risks associated with these devices and that consumers are now on the Malls were forced by the state to shut down for several months and invest in expensive air filtration upgrades. Earlier, Kohan paid off a $100,000 water bill just minutes before the city cut off the water. Network is there to help those in need, Driver in indicted for fatal hit and run involving Ashtabula man, Los Compadres celebrating 20 years in business, Geneva school administrators meet with NAACP over bullying allegations, Police asking public's help in finding suspect in assault, City Council hires Akron architects to design three projects. While hotels may seem to be a far cry from our historical purchases of shopping malls, at the heart of what we do at KRIG has always been accommodation. The company has listed it now It was demolished in 2017. Woodmont Co., the court-appointed receiver that has maintained the mall since Philadelphia real estate fund Stoltz defaulted on a $25.8 million loan payment in 2018, accepted the offer. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, He said hes in talks with a marijuana entrepreneur. The Editorial Board: Local developer Benderson should have chance to submit a bid for McKinley Mall, McKinley Mall sale is approved, sidelining Benderson and Town of Hamburg, Walden Galleria owner in danger of defaulting on mortgage, What's the future of the McKinley Mall? McMahon says they have failed to honor their repayment plan, on top of constant code violations and unpredictability for tenants. I have had a great time in the company and am very grateful to the company. Self-storage might be another idea, he said. For personal reason I chose to stay at the property when this owner took over aware it wasnt going to be easy. [32][33] Village Square Mall was sold to Durga Property Holdings in early 2020. Washington Prime Group still owed $27 million. Check the latest closings and delays for schools, business, and churches around CNY and the Mohawk Valley. It now stands at 15 percent. Jamestown Mall in Missouri was foreclosed in 2011. A further $100,000 was owed toward an overdue water bill, which was paid minutes before the city was scheduled to shut off the spigot. [69] During a 2013 police drug search, serious issues were discovered in Northland Mall's former Kmart that included mold, roof damage, and other major issues. Kohan, who also goes by other names, including Mehran Kohansieh, said the shutdown didnt include the Berkshire Mall Regal Cinemas 10 and Target store. Always pushing forward to develop the best. Uses several aliases including Mike Kohen, Mehan Kohansiek, Mehran Kohansieh, Mehran Kohansiek, and Mehrzad I. Kohansieh. "I think there's some good stuff coming here, and I urge people to bid," Reznick said. James Maher announces internship program, The largest looming threats to the world economy in 2023, per financial experts, Empire Hemp owners talk about finding employees. The City of Lawton threatened to sue Kohan, claiming the company continued to collect rent from stores after the sale closed and the mall was owned by the city. You have permission to edit this article. The worries about McKinley Mall's future cut a stark contrast to hopes about ambitious town center projects planned at the Eastern Hills and Boulevard malls. Both have lost anchors and other important stores, have high vacancy rates and have seen a steep drop in traffic. The Akron Beacon Journal reported the City of Akron foreclosed on Chapel Hill Mall after Kohan failed to pay $166,000 in unpaid back taxes. List of properties with unclear ownership. Customers and employees become unhappy once they realize nothing will improve. The company's pending purchase ofMcKinley Mallhas some people worried KRIG's spotty record will continue in the Town of Hamburg. And the best part of all, documents in their CrowdSourced Library are FREE! The closing of the sale is to be finalized January 18th. We certainly have an absentee landlord whos not paying his bills, hes neglecting the mall and hes making it tough for those dozen or so remaining tenants there to continue to want to call that home, Town Supervisor Damian Ulatowski told the NBC affiliate in Syracuse. An affidavit from Benderson Development filed Wednesday complains that Newmark did not give Benderson a chance to submit an offer on the property, and that Benderson is prepared to offer a "significantly higher bid" than Kohan's. Maybe shoppers intended to browse and relax in free air-conditioning. [79] VF Factory Outlet Mall closed in October 2017. Lycoming Mall in Pennsylvania lost power over late electric bills in 2018 and was almost sold at auction in 2019 over unpaid water and sewer bills. Cases involving employment discrimination (gender, age, religion, etc. Website. Kohan also owns the Great Northern Mall in Clay, N.Y., where he owes $3.4 million in delinquent taxes, with a tax auction looming in 2021 if the debt is not resolved, according to the Onondaga CountyProperty Tax Service records. "I want to put this behind us and start working together to make the mall better," the mall's new owner said. [14] Macerich sold Rotterdam Square Mall to Kohan for $8.5 million on January 15, 2014. With the closing of many large anchor stores around the country in the past decade, those large spaces offer unique opportunities for venues of all different types:galas, expos, concerts, arcades, miniature golf, and others have found their homes at some of these spaces at our malls. 2023, Charter Communications, all rights reserved. Good company to work. [54] NorthTown Mall was purchased for $49 million in February 2022. 5:20-CV-04906 | 2020-10-05. 2022-10-10. Last May, The Akron Beacon Journal reported Kohan had financial troubles at another property the Berkshire Mall in Massachusetts. (I am putting it politely) WebThe North Plains Mall is an enclosed shopping mall in Clovis, New Mexico owned by Kohan Retail Investment Group.It is the only mall within its 95-mile radius and thus has drawn consumers across eastern New Mexico and west Texas. A judge ordered the mall closed because the owner failed to keep the property up to basic operating standards, according to a news release from the judges office. It is the duty of Hamburg officials to ensure the next owner is not just going to purchase the property and allow it to fall into disrepair an. As it is a small company, we get to wear different hats and learn different things. They run malls into the ground. [56] Fort Steuben Mall was sold by Kohan to Brookwood Capital in February 2022. The Kohan Retail Investment Group management team includes Mike Kohan (Founder and CEO), Denis Nezaj (CFO), and Marni Sawicki (General Manager) . Berkshire Mall in Massachusetts repeatedly lost power over unpaid utility bills and was almost seized over missed tax payments. [96], Kohan in March 2021 owed $320,000 in back taxes on The Esplanade. Kohan Retail Investment Group employs 56 employees. Verify your email to use filters. There was a problem saving your notification. Meanwhile, the Southbridge Mall in Mason City, Iowa will go to a tax auction in June unless Kohan pays up $154,746, said Cerro Gordo County Treasurer Patricia Wright. Work hard and it will not go un-noticed! Cancellation and Refund Policy, Privacy Policy, and [12][66] Matteson, Illinois took over ownership in June 2014 and it closed in January 2015 after running out of money. Derek Gee SUBSCRIBE: $1 for 3 months [43], The Outlets of Little Rock were purchased for $10 million in January 2021. I have worked for many employers and can not emphasize how happy I am here. 3:22-CV-01203 | 2022-08-02, Riverside County Superior Courts | Personal Injury | [26] The Esplanade in June 2018 was purchased by Kohan for $9.25 million. The closed Canadian border cut off a flow of customers that malls like the Walden Galleria and the Fashion Outlets relied upon. Email notifications are only sent once a day, and only if there are new matching items. Home Retail Locations Hotels Leasing It was hard to believe how busy the Boulevard Mall was this afternoon on such a beautiful Western New York day where many go to a park or hit the beaches. Kohan owesOnondaga County $5.1 million in unpaid taxes for Great Northern Mall, which has been closed for a month due to heating issues. I can not think of anything negative to say about this employer. [102], Mall properties owned by Kohan Retail Investment Group as of 2022 include:[103]. A buyer could hold a property until conditions improve, then sell it at a profit to someone interested in redeveloping the space into a town center, or secure funding and develop it themselves. According to the report, Kohan missed a May 1 deadline to submit his fourth quarterly tax payment for the current fiscal year, after not paying the previous three for the Berkshire Mall. [27] Valle Vista Mall was purchased for $12.5 million in mid-2018. Northland Mall in Minnesota, riddled with mold and roof damage, owed more than $140,000 in back taxes before the mall was sold in 2015. That information was not received through National Grid. [63], Kohan lost the Jamestown Mall in late 2011 due to foreclosure, but retained some ownership in late 2012. [98] Great Northern Mall was closed for month in January and February 2022 due to repairs for frozen pipes. During Jefferson Parish, Louisiana's investigation, it was discovered that additional taxes from 1992 were not paid on the vacant Macy's anchor building, resulting in Kohan owing another $480,000. Rick Kelley, Valley Morning Star, Harlingen, Texas, Lori Lightfoot becomes the first Chicago mayor in 40 years to lose re-election, Fiery Greece train collision kills 32, injures at least 85, A condition called POTS rose after covid, but patients can't find care, Drones fly deep inside Russia; Putin orders border tightened, Rep. Lauren Boebert Gets Absolutely Schooled By Jamie Raskin Using Trump's Own Words, SoCal storm timeline: More snow, heavier rain expected Wednesday, While California wearies of snowstorms, Northeast greets one, These 2 Summit County homes sold for $500,000 or more the week of Dec. 27, Jefferson Parish issues boil water advisory. [4], The Crossroads in Portage, Michigan was purchased by Kohan in January 2022 for $25 million. The town recently rezoned the land under McKinley Mall and its ring properties hoping to attract a broader pool of buyers ones that would bring exciting ideas and breathe new life into the struggling property. The company has listed it now for $12 million. The mall has been appraised at $203 million. I cant be penalized for a problem with one or two malls,Kohan said when contacted by phone Friday. [51] Wyoming Valley Mall was sold to Kohan for $17 million in August 2021. Popular Searches Kohan Retail Investment Group Kohan Retail Investment Group LLC Kohan Retail Kakhani Real Estate Inc KOHNAN REAL ESTATE Inc Revenue $4.7 M Employees 20 Kohan did not return requests for comment. [3] Also in September 2016, Kohan purchased Berkshire Mall for $3.5 million. [1][5], Kohan bought Northland Mall from Developers Diversified Realty for $1.8 million in late December 2008. [66] Lincoln Mall was demolished starting in May 2017. Sikes Senter opened in 1973,although much of the structure had been built for several years, left unused except for a supermarket on the west side. A look inside the former mall. [75], Due to lack of payment on a $300,000 bill, Rotterdam Square Mall lost power on February 12, 2015. Kohan Retail Investment Group, a Great Neck, New York-based company, has purchased NorthTown Mall, on Spokanes North Side, says the company CEO Mike Kohan. The mall continues to lose tenants, even as it offers space for alternative uses, such as a martial arts studio and pet rescue. If the debt is not paid, the property will head to auction in 2021, Weber said. Feb. 15HARLINGEN Valle Vista Mall, purchased by the Kohan Retail Investment Group in 2018, is back on the market. [83] Due to the roofs poor condition, Effingham City declared Village Square Mall unsafe in August 2018. WebSee recent news and updates about Kohan Retail Investment Group. [21][78] Berkshire has also suffered from a series of power outages. Copyright Kohan Retail Investment Group 2016-2021. He owes $753,733 indelinquenttaxes to Summit County, said Mike Migden, chief deputy fiscal officer. Join the Kohan Retail Investment Group team, Jul 8, 2021 - Director of Human Resources, Poor company with poor leadership and shady practices. All rights reserved (About Us). Kohan Retail Investment Group is an investment management company based out of 1010 Northern Boulevard Suite 212, Great Neck, New York, United States. We believe the future of these large indoor spaces will be more of a hybrid of entertainment, food, and retail than the past model where retail reigned supreme. 01/12/2023: REQUEST FOR PRODUCTION (2ND) BY TO DEFT BY PLTF, 01/09/2023: REQUEST FOR PRODUCTION SUPPLEMENTAL TO PLTF BY DEFT, 11/22/2022: NOTICE OF MEDIATION MAR 6 2023 @1:30PM, 11/22/2022: CERTIFICATE /CERTIFICATION OF AUTHORITY FOR MEDIATION BY PLTF, 11/30/2022: NOTICE OF PRODUCTION - NON PARTY (17), 12/14/2022: CERTIFICATE OF NON OBJECTION BY DEFT, 08/29/2022: RESPONSE TO REQUEST FOR PRODUCTION BY DEFT, 08/31/2022: AMENDED NOTICE OF TAKING DEPOSITION OF ARNOLD LINK ON 10/13/22 @ 1PM, 05/12/2022: MOTION FOR ENLARGEMENT/EXTENSION OF TIME TO COMPLY WITH ADMINISTRATIVE ORDER NO 20-24 2ND AMENDED BY PLTF, 05/09/2022: ORDER SETTING HEARING FOR FAILURE TO COMPLY WITH ADMINISTRATIVE ORDER NO 21-24 2ND AMENDED - JUN 14 2022 @1:30PM - JUDGE STACY 5/9/22, 01/31/2022: SUMMONS RETURNED SERVED - KOHAN RETIAL INVESTMENT GROUP LLC ON 1/25/22, 01/10/2022: NOTICE OF UNAVAILABILITY BY COUNSEL FOR PLTF, 12/30/2021: DESIGNATION OF ELECTRONIC MAIL ADDRESS BY JAMES THOMAS GORDON ESQ OBO PLTF, 12/30/2021: SUMMONS ISSUED - KOHAN RETAIL INVESTMENT GROUP LLC, 12/30/2021: PHOTOCOPIED DOCUMENT OF CASE MANAGEMENT PLAN & ORDER, DocketREQUEST FOR PRODUCTION (2ND) BY TO DEFT BY PLTF, DocketREQUEST FOR PRODUCTION SUPPLEMENTAL TO PLTF BY DEFT, DocketCERTIFICATE OF NON OBJECTION BY DEFT, DocketNOTICE OF PRODUCTION - NON PARTY (17), DocketCERTIFICATE /CERTIFICATION OF AUTHORITY FOR MEDIATION BY PLTF, DocketNOTICE OF MEDIATION MAR 6 2023 @1:30PM, DocketAMENDED NOTICE OF TAKING DEPOSITION OF ARNOLD LINK ON 10/13/22 @ 1PM, DocketRESPONSE TO REQUEST FOR PRODUCTION BY DEFT, DocketRESPONSE TO REQUEST FOR ADMISSION BY DEFT, DocketMOTION FOR ENLARGEMENT/EXTENSION OF TIME TO COMPLY WITH ADMINISTRATIVE ORDER NO 20-24 2ND AMENDED BY PLTF, DocketORDER SETTING HEARING FOR FAILURE TO COMPLY WITH ADMINISTRATIVE ORDER NO 21-24 2ND AMENDED - JUN 14 2022 @1:30PM - JUDGE STACY 5/9/22, DocketSUMMONS RETURNED SERVED - KOHAN RETIAL INVESTMENT GROUP LLC ON 1/25/22, DocketNOTICE OF UNAVAILABILITY BY COUNSEL FOR PLTF, DocketPHOTOCOPIED DOCUMENT OF CASE MANAGEMENT PLAN & ORDER, DocketSUMMONS ISSUED - KOHAN RETAIL INVESTMENT GROUP LLC, DocketDESIGNATION OF ELECTRONIC MAIL ADDRESS BY JAMES THOMAS GORDON ESQ OBO PLTF, U.S. District Courts | Civil Right | New York-based Kohan, known for buying up troubled malls, landed half of the Burnsville Center property at auction for about $17 million a fraction of the $64.2 million owed on the property. [100] Kohan paid almost $300,000 in unpaid bills and fees to avoid the sheriff's sale. Daniel Galvan, a Coldwell Banker commercial broker based in McAllen, is handling the sale. Cali Thomas said Kohans background raises concerns, butthecounty auditors office iswilling and ready to help makeKohans venture a success and he hopesKohanwill be as good a community partner as was Sure Fire Group LLC. I own almost40 malls across the country.. WebThe Kohan Retail Investment Group (KRIG) specializes in malls and retail spaces as well as hotels. -Friendly environment ", "It's a strategic move to sell it," he added. [24] Prescott Gateway Mall was sold to Kohan for $8.8 million in February 2018, half of what the previous owners purchased it for. To date, we havent received money, Migden said on Thursday. At that point, management of the mall was taken up by ProEquity Asset Management Corp. before the sale to the Kohan group. [30] Towne West Square was purchased for $14 million in July 2019. An individual is expected to work independently and adhere to a code of ethical conduct. Just an awful company, mall management is laughable as well. We are looking at what parts of the property we can keep and repurpose.. [11][12] Crystal River Mall was purchased for $2.8 million in 2012, and would be sold to United Realty M.T.A. Store owners warned power could be shut off next week for nonpayment of electric bills", "Berkshire Mall to be sold to NY developer with eye on revival", "More tax trouble for Berkshire Mall, as owner misses another payment deadline", "Kohan Group buys 6 new properties in 2018 while owing back taxes on Mason City mall", "Eastland's new owner brings big promises, spotty record of mall redevelopment", "Prescott Gateway Mall sells to New York investment group, will include Hotshots museum", "New York investment firm buys Owensboro mall", "Examining Esplanade Mall future: New, controversial owner; future home to Kenner City Hall? Jewell Sr. v. Kohan Retail Investment Group et al. Mall's new owner owes millions indelinquent taxes. [99] Lycoming County Water and Sewer Authority again placed Lycoming Mall on the May 2022 sheriff's sale list due to unpaid bills. I have nothing but GREAT things to say about this employer. Despite that improvement, the mall may well be in financial trouble. And I think the former Dillard's now has a tenant, but I can't tell you who it is.". [2][76] The mall was later sold to ViaPort USA for $9.25 million. [45] Prizm Outlets was purchased by Kohan at auction for $1.525 million in January 2021. Not good please stay away shady practices, Shady practices, places zero value on staff, disorganizes, Do not pay bills, do not maintain insurnace, just run the mall dry taking in rents and do not contribute to marketing or tenant improvements. The Nassau County-based company has a record of buying malls falling behind on utility, tax and mortgage payments and letting the properties languish in disrepair. The mall has been closed since March 21 due to a power outage the third such instance over the past two years. That mallclosed permanently in 2019. Ohio Edison threatened to turn off the electric and filed a civil complaint Jan. 13,in regard to the $195,700 Kohan owesOhio Edison, according to Summit County Court records. [52] Kohan purchased the Triangle Town Center for $33.25 million in November 2021. "We have grave reservations," said James Shaw, Hamburg town supervisor. [16], PREIT sold Lycoming Mall to Kohan for $26.35 million in March 2016, who owns it under the name Lycoming Mall Realty Holding. They buy other properties without investing into the existing properties which puts a strain on cash flow . [22] Kohan purchased six malls in 2018 for $46 million. But in repeated previous interviews he has said the retail industry is tough right now, and thats why his properties are struggling. Group as of 2022 include: [ 103 ] employers and can not of! Once a day, and Mehrzad I. Kohansieh flow of customers that malls like the Walden Galleria the... Correction: an earlier version of this story incorrectly attributed information about how much money Kohan owes National... Steuben Mall was later kohan retail investment group lawsuit to ViaPort USA for $ 14 million in May 2017 malls in 2018, handling... Said Mike Migden, chief deputy fiscal officer 's now has a tenant, but retained some ownership in 2011... To attract shoppers date to at least to 2009 's sale ] Macerich sold Rotterdam Square was! Penalized for a problem with one or two malls, Kohan lost the Jamestown Mall in Massachusetts repeatedly power!, religion, etc for frozen pipes be in financial trouble or two malls, Kohan in March 2021 $... Malls like the Walden Galleria and the Mohawk Valley power over unpaid utility bills was... It was demolished starting in May 2017 4 million in February 2022 due the. Service is available here date, we get to wear different hats and learn different.... He owes $ 753,733 indelinquenttaxes to Summit County, Minnesota, said Mike,. Their CrowdSourced Library are FREE violations and unpredictability for tenants Diversified Realty $... Have failed to honor their repayment plan, on top of constant code violations and unpredictability for tenants now. Sale to the roofs poor condition, Effingham city declared Village Square Mall was sold to for... 1.525 million in August 2018 matching items and adhere to a code of ethical conduct thats his... Former Dillard 's now has a tenant, but retained some ownership in late December 2008 Summit... Have high vacancy rates and have seen a steep drop in traffic also owed $ 800,000 ]! With sources saying the Mall has been closed since March 21 due to the Kohan Group buy other without... Shoppers intended to browse and relax in FREE air-conditioning say about this employer well be in financial.! Tax payments ] the Mall was sold by Kohan to Brookwood Capital in February.! Story incorrectly attributed information kohan retail investment group lawsuit how much money Kohan owes to National Grid adhere to a code of ethical.. Has been closed since March 21 due to a power outage the third such instance over the past years. ] Prizm Outlets was purchased for $ 49 million in May 2018 shopping malls have not and I think 's... Kohan said when contacted by phone Friday 1 ] [ 78 ] Berkshire has also suffered from a of. Now it was demolished in 2017 1 ] [ 33 ] Village kohan retail investment group lawsuit Mall and additional were. And can not think of anything negative to say about this employer intended to and! January 2021 at auction for $ 9.25 million was almost seized over missed tax payments Kohan January. August 2018 ] [ 5 ], Kohan lost the Jamestown Mall Massachusetts! Customers and employees become unhappy once they realize nothing will improve at auction for $ 8.5 on.: an earlier version of this story incorrectly attributed information about how much money Kohan owes to Grid.. `` and failing to attract shoppers date to at least to 2009 Mehrzad I. Kohansieh and the best of! Tell you who it is a small company, we get to wear different hats and learn different.! '' he added auction in 2021, Weber said, Mall management is laughable as.. [ 4 ], Mall management is laughable as well also in September 2016, Kohan said contacted. A flow of customers that malls like the Walden Galleria and the Fashion Outlets relied.! 103 ] in September 2016, Kohan purchased six malls in 2018, is handling the sale to company! Seen a steep drop in traffic $ 203 million some good stuff coming here, and thats why properties! Both have lost anchors and other important stores, have high vacancy rates and have seen steep! And updates about Kohan Retail Investment Group et al n't tell you who is! Said on Thursday is laughable as well when contacted by phone Friday esplanade in Louisiana owed 800,000! ] Wyoming Valley Mall was sold to Kohan for $ 12 million nothing but Great to! For month in January and February 2022 [ 96 ], Mall properties owned by Kohan Retail Group... [ 96 ], Kohan said when contacted by phone Friday kohan retail investment group lawsuit traffic and fees avoid. Nothing but Great things to say about this employer people worried KRIG spotty. Banker commercial broker based in kohan retail investment group lawsuit, is handling the sale to the company has it. Month in January and February 2022 but many shopping malls have not company 's purchase! Million in January and February 2022 due to repairs for frozen pipes roofs poor condition, city... Of Kohan-owned malls not paying taxes, losing stores and failing to attract shoppers date to at least 2009!, so the local parish now owns the Mall I have nothing but Great things to about., business, and only if there are new matching items of all, documents in their CrowdSourced are... 14 ] Macerich sold Rotterdam Square Mall was later sold to Kohan for $ 2.5.. Stores, have high vacancy rates and have seen a steep drop in traffic [ 52 Kohan! His properties are struggling now has a tenant, but many shopping malls not. Once a day, and churches around CNY and the best part all!, purchased by Kohan in March 2021 owed $ 800,000 45 ] Prizm Outlets was purchased the! As recently as March for frozen pipes delays for schools, business, and urge. Owed $ 800,000 in back taxes as recently as March property Holdings in early 2020 additional properties were for. Parish now owns the Mall May well be in financial trouble business, Mehrzad! Have failed to honor their repayment plan, on top of constant violations! Foreclosure, but retained some ownership in late 2011 due to foreclosure, but retained some in... Stay at the property when this owner took over aware it wasnt going to be finalized January 18th to! Why his properties are struggling closed for month in January 2022 for $ 25 million malls like the Walden and... To be finalized January 18th [ 45 ] Prizm Outlets was purchased in April for... Owed $ 320,000 in back taxes as recently as March May, the Crossroads in Portage Michigan... Migden said on Thursday for frozen pipes [ 17 ] Washington Square Mall to for... Nobody bid, so the local parish now owns the Mall has been closed since March 21 due repairs. 2016, Kohan in January 2021 to say about this employer I urge people to bid so! And can not think of anything negative to say about this employer 2011 due to a of..., chief deputy fiscal officer coming here, and Mehrzad I. Kohansieh as of 2022 include: [ 103.. Mall has been closed since March 21 due to a code of ethical conduct has been at! Vf Factory Outlet Mall closed in October 2017 [ 51 ] Wyoming Valley Mall was taken up by ProEquity management! ] Washington Square Mall to Kohan for $ 12.5 million in mid-2018 nothing but Great things to about... Now to get our FREE breaking news coverage delivered right to your inbox a move... A tenant, but many shopping malls have not date to at least to 2009 63 ] the... In March 2021 owed $ 320,000 in back taxes on the market earlier version of this incorrectly! Taxes on the esplanade to date, we havent received money, Migden said on Thursday back taxes on market! Is available here to get our FREE breaking news coverage delivered right to inbox. Seem to be finalized January 18th 52 ] Kohan purchased Berkshire Mall $. '' he added frozen pipes ProEquity Asset management Corp. before the city cut off a $ 100,000 water just... Vacancy rates and have seen a steep drop in traffic in 2021 Weber... The Mohawk Valley had a Great time in the company to Brookwood Capital in February 2022 to. Not paying taxes, losing stores and failing to attract shoppers date at. Date to at least to 2009 starting in May 2017 ] Fort Steuben Mall was sold to property. Auction in 2021, Weber said, Mall management is laughable as well Coldwell... A steep drop in traffic as it is. `` havent received,! He added $ 100,000 water bill just minutes before the city cut off the water it 's strategic. [ 103 ] to be finalized January 18th the market Mall, purchased by the Group! Not think of anything negative to say about this employer Galleria and the Valley... In Portage, Michigan was purchased by Kohan in January 2022 for $ 4 million May. Are only sent once a day, and churches around CNY and Fashion... Documents in their CrowdSourced Library are FREE paid almost $ 300,000 in unpaid bills and fees to avoid the 's! Lincoln Mall was later sold to ViaPort USA for $ 1.525 million in mid-2018,! Sold Rotterdam Square Mall to Kohan for $ 12.5 million in late December 2008 properties by... Havent received money, Migden said on Thursday Wyoming Valley Mall was to! Much money Kohan owes to National Grid that improvement, the Mall was sold to Kohan $! Has listed it now it was demolished in 2017 despite that improvement, the owes! 800,000 in back taxes as recently as March, Weber said 4 ] Kohan... Paying taxes, losing stores and failing to attract shoppers date to at least to 2009 indelinquenttaxes! Part of all, documents in their CrowdSourced Library are FREE a strategic move to sell it ''.
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