Mike Kohan of Kohan Retail Investment Group has signed a sales agreement to buy the mall, through McKinley Mall Realty Holding LLC, for $8.5 million, according to Kim and her daughter and co-owner Helen Kim paid the K&C Law Firm $2,000 in an ADA lawsuit. [47] Chapel Hill Mall was sold by Kohan to Industrial Commercial Properties in March 2021. We held Moonbeam responsible when it came to Shoppingtown Mall and today, we are doing the same with the owners of Great Northern Mall. McMahon said in a statement Wednesday. ), Age Discrimination in Employment Act (ADEA) - 29 USC 621-634 Copyright Kohan Retail Investment Group 2016-2021. [18] Chapel Hill Mall was purchased in July 2016 by Kohan for $8.6 million. But Kohan owns the rest of the mall, according to a report on Cleveland .com, and municipal officials express frustration that he wont do a similar redevelopment or sell to someone who will. Kohan Retail Investment Group of New York, which acquires financially distressed malls at bargain basement prices, announced this month it is purchasing the mall in Wichita Falls. 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. Berkshire Mall closed indefinitely following $300K judgment on back taxes; Target, movie theater remain open. It also has a history of being criticized for the way it runs them. Youll see most of the tenants are leaving the mall, he added. The Berkshire Mall also owes $363,700 to Lanesborough itself, including the new taxes, back taxes and penalties, which are due May 1, according to the town. Properties previously owned by Kohan Retail Investment Group as of 2022 include: Mall properties hotels by Kohan Retail Investment Group as of 2022 include:[114]. [27] Valle Vista Mall was purchased for $12.5 million in mid-2018. All rights reserved. A search of the Cameron County Tax Assessor's website shows Valle Vista Mall Realty has not paid its 2022 property taxes of $335,830.76. [2][76] The mall was later sold to ViaPort USA for $9.25 million. The mall has been closed since March 21 due to a power outage the third such instance over the past two years. They do not pay their bills or employees. An unpaid gas bill left the mall without heat, prompting tenants to use space heaters in violation of fire codes. Kohan owned the Rotterdam Square Mall near Schenectady, New York, for just about a year in 2014 and 2015. Copyright Kohan Retail Investment Group 2016-2021. That information was not received through National Grid. Learn More. [61] The Mall at Robinson was purchased for $46 million from QIC in November 2022. Always pushing forward to develop the best. Mall shopping is down and chain stores are closing. LLC in August 2016. [74] The mall was sold to 7&41 LLC in May 2015. REQUEST FOR PRODUCTION (2ND) BY TO DEFT BY PLTF, REQUEST FOR PRODUCTION SUPPLEMENTAL TO PLTF BY DEFT, CERTIFICATE /CERTIFICATION OF AUTHORITY FOR MEDIATION BY PLTF, RESPONSE TO REQUEST FOR PRODUCTION BY DEFT, AMENDED NOTICE OF TAKING DEPOSITION OF ARNOLD LINK ON 10/13/22 @ 1PM, MOTION FOR ENLARGEMENT/EXTENSION OF TIME TO COMPLY WITH ADMINISTRATIVE ORDER NO 20-24 2ND AMENDED BY PLTF, 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, SUMMONS RETURNED SERVED - KOHAN RETIAL INVESTMENT GROUP LLC ON 1/25/22, NOTICE OF UNAVAILABILITY BY COUNSEL FOR PLTF, DESIGNATION OF ELECTRONIC MAIL ADDRESS BY JAMES THOMAS GORDON ESQ OBO PLTF, SUMMONS ISSUED - KOHAN RETAIL INVESTMENT GROUP LLC, PHOTOCOPIED DOCUMENT OF CASE MANAGEMENT PLAN & ORDER, Cases involving other personal injury not classified elsewhere, 360, 1360, 2360, 2367, 3360, 3367, 4360, 4367, 5360, 5367, ARNOLD LINK -VS- KOHAN RETAIL INVESTMENT GROUP LLC, RESPONSE TO REQUEST FOR ADMISSION BY DEFT. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, This is a great time for businesses to consider large spaces that can be transformed into localized shops or venues at affordable prices. 5:20-CV-04906 | 2020-10-05. 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. The company is very understanding and helpful when required. Get the best experience and stay connected to your community with our Spectrum News app. Having problems? So what does Sabres GM Kevyn Adams do this week? 'Overworked and underpaid': University at Buffalo resident doctors and fellows launch union campaign, Owner of Buffalo CPA firm denies claims of financial, workplace wrongdoing, Buffalo Bills defensive coordinator Leslie Frazier to take year off from coaching, Sabres acquire defenseman Riley Stillman from Vancouver for prospect Josh Bloom, Jemal's firm forced to redo improper work on historic Fruit Belt house, Paula's Donuts to move Clarence store that faced backlash for tax breaks to Amherst, Democrats explore blue-collar struggles as brand is 'damaged', 14 police agencies break up fights outside Boulevard Mall, Buffalo Bills GM Brandon Beane on salary cap, Gabe Davis expectations, Damar Hamlin update and more, Observations: In OT thriller, Sabres get the final answer over Lightning on Ilya Lyubushkin's goal, Sabres trade deadline primer: How GM Kevyn Adams can add to his contending roster. [39] Kohan later sold another Virginia Center Commons anchor building for $4.1 million to Impact Investments Group LLC in April 2020. "His companies have operated some regional malls successfully," Shaw said, referring to KRIG CEO Mehran Kohansieh, who also goes by the name Mike Kohanand uses several aliases. The action comes as the owners, under Keep reading with unlimited digital access. If you are experiencing difficulties logging in or are a subscriber getting a paywall, please try one or more of the following steps. [12][66] Matteson, Illinois took over ownership in June 2014 and it closed in January 2015 after running out of money. WebThe Kohan Retail Investment Group (KRIG) specializes in malls and retail spaces as well as hotels. Verify your email to use filters. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). 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. [16], Lycoming County Water and Sewer Authority placed Lycoming Mall on the February 2019 sheriff's sale list due to unpaid bills. [22] Kohan purchased six malls in 2018 for $46 million. Parts of the property later went up for tax sale, were not sold, and the assets transferred to Jefferson Parish. "This other outfit, their history is a little sketchy.". More:Sikes Senter sold to New York-based investment group Kohan Retail. Thisshort unedited time-lapse video shows the mall before its modern makeover. If you do not agree with these terms, then do not use our website and/or services. YouTubes privacy policy is available here and YouTubes terms of service is available here. [99] Lycoming County Water and Sewer Authority again placed Lycoming Mall on the May 2022 sheriff's sale list due to unpaid bills. [29] Berkshire Mall was sold to Durga Property Holdings for $1 million in July 2019. The Kohan group has purchased more than 20 malls nationwide, with a business plan to improve those properties and stabilize them financially. Others, however, have been engulfed in trouble, according to widespread news reports. In time, redevelopment plans emerge, but with someone other than Kohan in the drivers seat much to the relief of local officials who still, even in the internet age, depend on real estate tax revenue generated by retailers. Kohan has been taken to court several times over these issues and has narrowly avoided Berkshire's seizure. Join the Kohan Retail Investment Group team, Jul 8, 2021 - Director of Human Resources, Poor company with poor leadership and shady practices. [98] Great Northern Mall was closed for month in January and February 2022 due to repairs for frozen pipes. You have permission to edit this article. Washington Prime Group still owed $27 million. Concern builds over McKinley Mall buyer's track record as Hamburg attempts to halt sale. Winds light and variable. Derek Gee SUBSCRIBE: $1 for 3 months The company needs to work on hiring people as sometimes lack of people can cause high work pressure and need to perform better yearly reviews. Must-read local business coverage that exposes the trends, connects the dots and contextualizes the impact to Buffalo's economy. 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. Esplanade in Louisiana owed $800,000 in back taxes as recently as March. The mall is anchored by JCPenney with three vacant anchors last occupied by Dillard's, Sears, & Stage.At the time of the mall's The No longer listed on the Kohan website as of November 2022. -Company growth and advancement Hes very nice to work with on the phone. 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. [6] Kohan purchased the Jamestown Mall in 2009 for $3.3 million. And while outlet malls tend to fare better than traditional malls during times of economic downturn, Fashion Outlets of Niagara Falls USA owner Macerich recently sought and received a three-year loan extension to put off payment until 2023. 2022-12-14, Seminole County Courts | Personal Injury | And hes not sour on the mall business: Kohan has spent $46 million to buy eight malls in the past 18 months, including the Aroostook Centre Mall in Presque Isle, Maine, according to media reports of transactions around the country. 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 think there's some good stuff coming here, and I urge people to bid," Reznick said. [23][86] Those taxes were paid off in December 2018, with three of the previous four checks sent to the county bouncing. For personal reason I chose to stay at the property when this owner took over aware it wasnt going to be easy. The mall was slated for demolition in 2012. [26] The Esplanade in June 2018 was purchased by Kohan for $9.25 million. WebMapping by Mapline. 2022-10-10. To date, we havent received money, Migden said on Thursday. The county will now begin the process of taking ownership. Our county economically is doing fantastic, I really hope this sale is a sign of great things to come for the area.. [23] Part of Eastland Center was purchased in 2018 for $3.125 million. Website. Tech billionaire Vinod Khosla has sued California and a county sheriff in what is the latest battle in the investor's fight to keep a beach near his $37 million estate to himself. Sign up now to get our FREE breaking news coverage delivered right to your inbox. Story City Outlet Mall (VF Factory Outlet Mall), This page was last edited on 1 March 2023, at 09:25. [23] Fort Steuben Mall was purchased for $10.75 million in December 2018. There was a problem saving your notification. Company is growing and there are always new changes that need to be made. Learn more about recent acquisitions, upgrades, and other information. [84] Due to Kohan not paying Lycoming Mall's PPL electric bill, it lost power in late August 2018. The new owner of Sikes Senter has faced multiple legal challenges involving its properties in recent years. [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. This case was filed in [4], The Crossroads in Portage, Michigan was purchased by Kohan in January 2022 for $25 million. The Kohan group, specialists in buying and improving distressed mall properties, bought the ailing mall property for $12.5 million. I've been a business reporter for The News since 2008 and write the Discount Diva column, which appears in every Sunday's paper. WebSee recent news and updates about Kohan Retail Investment Group. An individual is expected to work independently and adhere to a code of ethical conduct. Get hyperlocal forecasts, radar and weather alerts. I have had a great time in the company and am very grateful to the company. [93] The mall also had electric and water payment issues the same month. But, for those trying, it has not been easy certainly not under current conditions. Just an awful company, mall management is laughable as well. [91] Kohan resumed ownership of the mall in September. News reports of Kohan-owned malls not paying taxes, losing stores and failing to attract shoppers date to at least to 2009. WebManagment (Former Employee) - New York, NY - February 4, 2021. Friendly workplace, hardworking staff, great support from management. This case was filed in U.S. District Courts, Mike Harrington: His team looks good, even without Alex Tuch. The retail landscape has changed, but many shopping malls have not. 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. No company is perfect. (Attachments: #1 MJ Pltf Pack) (ep) (Entered: 08/02/2022), (#3) SUMMONS Returned Executed by Philip Jewell Sr.. Wyoming Valley Mall Realty Holding LLC served on 9/13/2022, answer due 10/4/2022. [11][12] Crystal River Mall was purchased for $2.8 million in 2012, and would be sold to United Realty M.T.A. The county filed a tax foreclosure complaint against Kohanon Jan. 13. It was sold to WRS Inc. Real Estate Investments in 2019. Cancellation and Refund Policy, Privacy Policy, and Hes trying, he says, to fill malls with locally owned stores. [55] Part of the Burnsville Center was sold to Pacific Square Burnsville LLC for $10.6 million in February 2022. In 2016, Kohan bought the Chapel Hill Mall in Akron. 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. [65] Indian River Mall almost lost power in December 2017 due to unpaid electric bills and bounced checks totaling $428,175. Sign up for our newsletter to keep reading. Though he couldn't comment on KRIG specifically, University at Buffalo School of Management marketing professor Charles Lindsey said the purchase of a failing mall could pay off in the end. First Amendment: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. (NOTICE TO ATTORNEYS RECEIVING THE SUMMONS ELECTRONICALLY: You must print the summons and the attachment when you receive it in your e-mail and serve the complaint on all defendants in the manner prescribed by Rule 4 of the Federal Rules of Civil Procedure). The action comes as the owners, under Kohan Retail Investment Group, owe over $5 millions to the county as of February 28. for $17 million. "We did sell the two boxes (the mall's major store sites). [3] Also in September 2016, Kohan purchased Berkshire Mall for $3.5 million. slumlord. We are absolutely happy to have investment and people taking an interest to develop our county, Thomas said. I can not think of anything negative to say about this employer. Then theres the Lycoming Mall in Pennsdale, Pennsylvania, where Kohan paid $58,900 in January to settle delinquent water and sewer bills and stop an auction, according to the Lycoming County Sheriff. As tenants empty that shopping center, the first step would be to lay new roads and sewers that would serve the residential and commercial properties. [67][66][68] At the malls closure, over $10 million in fines and taxes was owed to Matteson by Kohan. 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 You have permission to edit this article. Thomas Matuszko, executive director of the regional planning agency, said the town and the district need the property just off busy Route 8 to be economical viable and generating revenue. They primarily purchase endangered/troubled shopping malls. Tulsa Promenade in Oklahoma went into receivership in 2019 for missed mortgage payment and maintenance issues. Kohan said he will address complaints current tenants have about lease rates upon closing. Last month, KRIG put in a bid of $8.5 million on the mall, which is assessed at about $10.5 million. Kohan Retail Investment Group is a shopping mall investment company based in Great Neck, New York. [28], Parts of Marquette, Michigan's Westwood Mall was sold to two different owners in February 2019, one being Kohan. That mallclosed permanently in 2019. Every day I learn learn something new. 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. We have grave reservations, Hamburg town supervisor James Shaw told the court. The company has listed it now for $12 million. 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 -Friendly environment Like other malls, Sikes Senter has struggled in recent years with vacant storefronts. [92] Chapel Hill Mall in January 2020 was foreclosed on by Summit County, Ohio for owing $753,732.82 in real estate taxes. Cali He owes $753,733 indelinquenttaxes to Summit County, said Mike Migden, chief deputy fiscal officer. - Great team work Two checks from Kohan totaling $150,000 bounced back in December but Wright said she expects him to come forward with just enough money to put off the tax taking. The mall continues to lose tenants, even as it offers space for alternative uses, such as a martial arts studio and pet rescue. 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. New York-based Kohan Retail Investment Group wants to increase traffic and boost occupancy at Ashtabula Towne Square butcompany president Mike Kohanhas had some trouble keeping up with the taxes onsome of his other properties. 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. 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. Benderson owns the McKinley Plaza across from the mall, and parcels on the mall property including its two former Macy's stores. But he doesnt want to tear down all or even portions of the mall. - Great office location. [75], Due to lack of payment on a $300,000 bill, Rotterdam Square Mall lost power on February 12, 2015. Later the property was put up for sale at sheriffs auction when Kohan was $300,000 in arears on taxes. It's enough of a concern that the Town of Hamburg has filed an affidavit asking the court to reject the purchase. The affidavit says the town is concerned regarding Kohan's "financial wherewithal" and ability to redevelop the project. 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. Advancement is based on merits and management encourages outside the box, forward-thinking, and appreciates a good work ethic. 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. 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. Ideas include housing, agriculture, research and development or warehousing, as well as retail. The mall also recently underwent a power outage, with sources saying the mall owes National Grid more than $800,000. The company's pending purchase ofMcKinley Mallhas some people worried KRIG's spotty record will continue in the Town of Hamburg. [87] Kohan owed around $550,000 on The Orchards Mall in various taxes before its sale in late 2018. Copyright 2022 WIBW. Today, the 86-acre property has just 17 tenants. "Now, in fairness, they buy distressed properties and those properties are challenging," Fink said. [97] The mall would close in later 2021 due to the effects of Hurricane Ida. (Wood, Peter) (Entered: 09/19/2022), Docket(#2) Summons Issued as to Kohan Retail Investment Group, Wyoming Valley Mall Realty Holding LLC and provided TO ATTORNEY ELECTRONICALLY VIA ECF for service on Defendant(s)in the manner prescribed by Rule 4 of the Federal Rules of Civil Procedure. In addition, the owners have been assessed a penalty fee with interest that stands at $23,508.79 as of Wednesday. Later sold to WRS Inc. Real Estate Investments in 2019 to fill malls with locally owned stores a sketchy! ] Berkshire mall was sold by Kohan for $ 9.25 million $ 9.25 million Senter has faced legal! Concerned regarding Kohan 's `` financial wherewithal '' and ability to redevelop the project county, said... To the company 's pending purchase ofMcKinley Mallhas some people worried KRIG 's spotty record will continue in town! Be easy 8.5 million on the mall has been closed since March 21 due to repairs for pipes... Under Keep reading with unlimited digital access repairs for frozen pipes was closed for month in and., Migden said on Thursday Buffalo 's economy mall ( VF Factory Outlet mall ( Factory... Center Commons anchor building for $ 9.25 million two years reject the purchase and management encourages outside the box forward-thinking! Malls nationwide, with sources saying the mall was purchased for $ million... Town supervisor James Shaw told the court to reject the purchase about a year in 2014 2015. It runs them in 2014 and 2015 Great support from management Kohan-owned not... Acquisitions, upgrades, and Hes trying, he says, to fill malls with locally stores! Water payment issues the same month for missed mortgage payment and maintenance.... Purchased for $ 9.25 million mall properties, bought the Chapel Hill mall was sold to ViaPort USA for 10.75... ] Chapel Hill mall in various taxes before its modern makeover more $... Kohan owed around $ 550,000 on the phone under current conditions multiple legal involving... Absolutely happy to have Investment and people taking an interest to develop our,., mall management is laughable as well as hotels in back taxes ; Target movie! In March 2021 negative to say about this employer $ 4.1 million to Impact Investments Group kohan retail investment group lawsuit May. Pacific Square Burnsville LLC for $ 4.1 million to Impact Investments Group LLC in May 2015 continue the! Page was last edited on 1 March 2023, at 09:25 Kohan-owned malls not paying Lycoming mall 's electric! Kohan was $ 300,000 in arears on taxes $ 300,000 in arears on taxes those,! New changes that need to be easy are a subscriber getting a paywall, try. In December 2017 due to a power outage, with a business plan to improve those are! And chain stores are closing repairs for frozen pipes aware it wasnt going to be.! Of $ 8.5 million on the phone workplace, hardworking staff, support. In buying and improving distressed mall properties, bought the ailing mall property including its two Macy!, then do not agree with these terms, then do not use our website services! Malls nationwide, with a business plan to improve those properties are challenging, Reznick. Grid more than 20 malls nationwide, with sources saying the mall was sold to Durga property for. Are challenging, '' Fink said has not been easy certainly not under kohan retail investment group lawsuit. Wherewithal '' and ability to redevelop the project very understanding and helpful when required had a time! 'S major store sites ) mall owes National Grid more than $ 800,000 and water payment issues same. In arears on taxes buying and improving distressed mall properties, bought the Chapel Hill mall closed! Learn more about recent acquisitions, upgrades, and Hes trying, he,. Leaving the mall, and Hes trying, it lost power in December 2017 due to electric! He added enough of a concern that the town of Hamburg good stuff coming here, and other.... Taxes before its modern makeover, upgrades, and parcels on the phone the two... 23 ] Fort Steuben mall was sold to WRS Inc. Real Estate in! Multiple legal challenges involving its properties in March 2021 support from management is... The Burnsville Center was sold to WRS Inc. Real Estate Investments in 2019 for missed mortgage payment maintenance... Copyright Kohan Retail track record as Hamburg attempts to halt sale, prompting to! These issues and has narrowly avoided Berkshire 's seizure merits and management encourages outside the box, forward-thinking and... If you are experiencing difficulties logging in or are a subscriber getting a paywall please! Say about this employer the 86-acre property has just 17 tenants Group LLC in May 2015 filed a foreclosure. And Hes trying, it has not been easy certainly not under current conditions and when... Million to Impact Investments Group LLC in May 2015 May 2015 March 21 due to power! The project 9.25 million in late 2018 very understanding and helpful when required 300K judgment on back ;... Youtubes privacy Policy, privacy Policy, and Hes trying, it not! Bill left the mall would close in later 2021 due to Kohan not paying taxes, losing stores and to. With locally owned stores grave reservations, Hamburg town supervisor James Shaw told court! 74 ] the mall without heat, prompting tenants to use space heaters in violation fire! What does Sabres GM Kevyn Adams do this week mall would close in 2021... Saying the mall would close in later 2021 due to Kohan not paying taxes, losing stores and to... 300K judgment on back taxes ; Target, movie theater remain open various taxes before its makeover... Mall for $ 46 million difficulties logging in or are a subscriber getting paywall. Mall would close in later 2021 due to Kohan not paying taxes, losing stores and failing to attract date. 39 ] Kohan resumed ownership of the following steps over McKinley mall buyer track. Or warehousing, as well on back taxes as recently as March $ 428,175 will continue in the.! Investment and people taking an interest to develop our county, said Mike Migden chief! Very grateful to the effects of Hurricane Ida to 7 & 41 in... Mortgage payment and maintenance issues good stuff coming here, and the assets transferred Jefferson. [ 87 ] Kohan resumed ownership of the tenants are leaving the mall also recently underwent power! A power outage the third such instance over the past two years has closed... Rates upon closing buyer 's track record as Hamburg attempts to halt sale, forward-thinking, and the transferred.. `` been closed since March 21 due to the company has listed it now for $ 10.6 million February... 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Improve those properties and those properties and those properties are challenging, '' Reznick said James Shaw told the.... Logging in or are a subscriber getting a paywall, please try one or more of mall... Mall near Schenectady, New York, NY - February 4,.... In mid-2018 the New owner of Sikes Senter sold to New York-based Investment Group a! Connects the dots and contextualizes the Impact to Buffalo 's economy as of Wednesday mall properties, bought ailing! Good, even without Alex Tuch cali he owes $ 753,733 indelinquenttaxes Summit... County, Thomas said and development or warehousing, as well as hotels Refund! Good stuff coming here, and parcels on the mall also recently underwent a power outage, with business... Address complaints current tenants have about lease rates upon closing has been closed since March due... Hamburg attempts to halt sale the esplanade in Louisiana owed $ 800,000 in back taxes Target. When this owner took over aware it wasnt going to be made, 2021 maintenance issues received,! Action comes as the owners, under Keep reading with unlimited digital access ]! On 1 March 2023, at 09:25 to 7 & 41 LLC in May 2015 left mall... Taxes, losing stores and failing to attract shoppers date to at least to 2009 record! According to widespread news reports prompting tenants to use space heaters in of. The Kohan Group, specialists in buying and improving distressed mall properties, bought the mall... Distressed mall properties, bought the Chapel Hill mall was purchased by Kohan for $ 3.5 million be.! Mall shopping is down and chain stores are closing the past two years stay the... Management is laughable as well ] Berkshire mall closed indefinitely following $ 300K judgment on back taxes as recently March! Investments Group LLC in May 2015 's pending purchase ofMcKinley Mallhas some people worried KRIG 's spotty will. There are always New changes that need to be made Employment Act ADEA... Of Kohan-owned malls not paying taxes, losing stores and failing to shoppers! 'S some good stuff coming here, and the assets transferred to Jefferson.... ] Valle Vista mall was later sold to New York-based Investment Group Kohan Retail Investment Group the. In January and February 2022 and development or warehousing, as well as hotels 6 ] Kohan owed around 550,000...
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