You have permission to edit this article. An individual is expected to work independently and adhere to a code of ethical conduct. Berkshire Mall closed indefinitely following $300K judgment on back taxes; Target, movie theater remain open. Later the property was put up for sale at sheriffs auction when Kohan was $300,000 in arears on taxes. 5:20-CV-04906 | 2020-10-05. WebLocation of This Business 1010 Northern Blvd. Kohan, who also goes by other names, including Mehran Kohansieh, said the shutdown didnt include the Berkshire Mall Regal Cinemas 10 and Target store. Check the latest closings and delays for schools, business, and churches around CNY and the Mohawk Valley. We are looking at what parts of the property we can keep and repurpose.. Nobody bid, so the local parish now owns the mall. [23] Part of Eastland Center was purchased in 2018 for $3.125 million. They do not pay their bills or employees. The Buffalo News reported officials in the Town of Hamburg, N.Y.,were so concerned about Kohans track record they filed an affidavit asking a court to reject the purchase of McKinley Mall. [89][90] Tulsa Promenade was placed into receivership in July 2019 due to missed mortgage payments and maintenance issues. To date, we havent received money, Migden said on Thursday. 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. Those malls have fallen on similarly tough times. Esplanade in Louisiana owed $800,000 in back taxes as recently as March. [13] Tiffin Mall, purchased in 2012, was later sold to Key Hotel and Property Management in 2016 for $2.2 million. Great Northern Mall in Onondaga County owed more than $3 million in back taxes as recently as last year. [58] Indiana Mall was purchased in April 2022 for $6.9 million. [85] In September 2018, Southbridge Mall was sued by Cerro Gordo County for $177,324 in back taxes. Website. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. 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. ", "Outlet mall owner has history of failed properties, unpaid bills", "Judge orders struggling Lincoln Mall to close", "Matteson to take over and try to sell struggling Lincoln Mall", "Demolition of Matteson's Lincoln Mall gets underway", "Old Kmart building runs afoul with city", "City takes Northland Mall owner to court", "New York shopping mall's power is cut after owner fails to pay bill", "New photos: Rotterdam mall adds entertainment spaces", "New court action ramps up pressure on Berkshire Mall owner", "No tax payments, no lights, no stores and no plan to make it better: Berkshire Mall owner Mike Kohan has frustrated towns all over the country", "Indian River Mall pays $428K electric bill", "Great Northern Mall in Clay seeks huge tax cut", "Cerro Gordo County Treasurer sues Southbridge Mall owner for unpaid taxes", "Mason City mall owner pays $150K in taxes meeting county deadline", "Lycoming Mall Owes Thousands in Unpaid Water, Sewer Bills", "Utility won't pull plug on Chapel Hill Mall electricity", "Chapel Hill Mall owner pays electric bill, avoids power shutoff", "Tulsa Promenade stores to stay open as owner, lender 'work out their differences' over unpaid $6M, court-appointed receiver says", "Judge returns possession, operation of Promenade Mall to property's owner", "Summit County files foreclosure complaint against Chapel Hill Mall", "Mall's new owner owes millions in delinquent taxes", "Adrian Mall to remain open despite leaking roof", "Struggling Esplanade mall in Kenner could owe more than $1M in back taxes, officials say", "Talks underway to sell troubled Esplanade Mall in Kenner, but there's one catch", "Great Northern Mall reopens after monthlong shutdown caused by flooding", "Lycoming Mall in hot water due to unpaid bills", "Lycoming Mall management just avoids sale with nearly $300K payment", https://www.wagmtv.com/2023/02/26/aroostook-centre-mall-closing-until-further-notice/, "Proposed demolition plan for Eastland Center could make room for an industrial complex", "Vanity Fair Outlet in the Graceville Factory Stores of America is closing permanently Thursday", "McNeil Technologies setting up in Graceville", "Belle Oaks developer acquires Richmond Town Square mall", "Remaining Savannah Mall businesses have yet to hear from new ownership following $8M sale", "Big changes planned at Story City outlet mall", "Southbridge Mall to be rebranded as 'Main Street Xperience', "The SouthShore Mall is now "Shoppes at Riverside," Inviting Public to Grand Re-Opening Newstalk KBKW", "Washington Square Mall to get makeover, improvements", https://en.wikipedia.org/w/index.php?title=Kohan_Retail_Investment_Group&oldid=1142248501, Companies based in Nassau County, New York, Real estate companies established in 2008, Creative Commons Attribution-ShareAlike License 3.0. In 2016, Kohan bought the Chapel Hill Mall in Akron. I grew up the daughter of a steelworker in North Tonawanda. Ste. This is a great time for businesses to consider large spaces that can be transformed into localized shops or venues at affordable prices. Figures from the Wichita Appraisal District show the malls value has declined over the years from a high of $66.6 million in 2018 to $44.5 million in 2021. [20][21] Richmond Town Square was purchased for $7.25 million in November 2016. It was demolished in 2017. In several instances, KRIG has lost ownership or control of the malls altogether. We have always worked to accommodate the needs of our guests at our retail destinations, and now we are working to accommodate the needs of our guests at our new hotels. Earlier, Kohan paid off a $100,000 water bill just minutes before the city cut off the water. 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. Youll see most of the tenants are leaving the mall, he added. Finally, one place to get all the court documents we need. Get the best experience and stay connected to your community with our Spectrum News app. [54] NorthTown Mall was purchased for $49 million in February 2022. [80], Mayberry Mall was almost closed on February 1, 2018 by local government officials due to roof and mold issues. I have worked for many employers and can not emphasize how happy I am here. (#1) COMPLAINT against Kohan Retail Investment Group, Wyoming Valley Mall Realty Holding LLC ( Filing fee $402, Receipt Number APAMDC-6018336), filed by Philip Jewell Sr.. (Attachments: #1 Civil Cover Sheet)(ep) (Entered: 08/02/2022), (#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. Indeed, some Kohan-owned malls have operated without incident. But in repeated previous interviews he has said the retail industry is tough right now, and thats why his properties are struggling. Kohan did not return requests for comment. [97] The mall would close in later 2021 due to the effects of Hurricane Ida. 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. New York-based shopping mall investment company Kohan Retail Investment Group has purchased the Wyoming Valley Mall in Wilkes-Barre Twp. [47] Chapel Hill Mall was sold by Kohan to Industrial Commercial Properties in March 2021. [2][76] The mall was later sold to ViaPort USA for $9.25 million. [22] Kohan purchased six malls in 2018 for $46 million. [93] The mall also had electric and water payment issues the same month. Benderson owns the McKinley Plaza across from the mall, and parcels on the mall property including its two former Macy's stores. To learn more contact us at (516) 708-9208 or visit our property portfolio page.. 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. Douglas Development has similar plans for Boulevard Mall. [29] Berkshire Mall was sold to Durga Property Holdings for $1 million in July 2019. [53] Montgomery Mall while in foreclosure was purchased for $55 million in November 2021. 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. Derek Gee SUBSCRIBE: $1 for 3 months 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 | The company is very understanding and helpful when required. Others, however, have been engulfed in trouble, according to widespread news reports. Kohan paid the bill two hours before the deadline and was required to pay a $210,000 deposit. Ashtabula County not immune to U.S. teacher shortage, Auditors Office kicks off National Weights and, Brainard sentenced to 4 to 6 years in prison fo, EPA opens office near site of Ohio toxic train , CAMPAGNE, Veronica Jan 30, 1927 - Feb 27, 2023, BOWSER, Betty Jun 28, 1933 - Feb 22, 2023, MOORE, SR., Charles Jun 28, 1950 - Feb 24, 2023, Pennsylvania state police drop off disabled homeless man in Ashtabula, Ashtabula County Court of Common Pleas filings, What If? (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. [39] Kohan later sold another Virginia Center Commons anchor building for $4.1 million to Impact Investments Group LLC in April 2020. Even when they reopened, customers stayed away, fearing contact with the coronavirus. The closing of the sale is to be finalized January 18th. 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. Kohan Retail Investment Group of Great Neck, New York, has purchased Montgomery Mall in a foreclosure sale for $55 million. [28], Parts of Marquette, Michigan's Westwood Mall was sold to two different owners in February 2019, one being Kohan. There was a problem saving your notification. 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. [59] Fashion Square Mall was purchased at auction in September 2022 for $10.8 million. Local officials in Matteson, Ill., labeled Lincoln Mall a public danger because the fire sprinkler system had been dismantled, the roof began crumbling and electrical wiring was exposed. We have grave reservations, Hamburg town supervisor James Shaw told the court. [8] In April 2011, Warren Mall was sold by Zamias for $720,000, and in April 2016 was under the ownership of Cocca Development. He owes $753,733 indelinquenttaxes to Summit County, said Mike Migden, chief deputy fiscal officer. 2022-12-14, Seminole County Courts | Personal Injury | [40] Clearview Mall in Butler, PA was taken over by Kohan in June 2020. The county will now begin the process of taking ownership. [100] Kohan paid almost $300,000 in unpaid bills and fees to avoid the sheriff's sale. Mark W. Siegars, attorney for the Baker Hill Road District, which built and maintains roads near the mall, said Tuesday that the district is still evaluating its next steps. [1][7] Staunton Mall was purchased from bankrupt First Republic Realty for $4.05 million in November 2010. ), Age Discrimination in Employment Act (ADEA) - 29 USC 621-634 [31] Towne Square Mall was sold for $5.15 million to Towne Square Mall Holdings LLC in December 2019. So what does Sabres GM Kevyn Adams do this week? "Now, in fairness, they buy distressed properties and those properties are challenging," Fink said. LLC in August 2016. [3] Also in September 2016, Kohan purchased Berkshire Mall for $3.5 million. Privacy Policy Terms & Conditions. WebManagment (Former Employee) - New York, NY - February 4, 2021. Though Walden Galleria is viewed as the region's largest traditional shopping mall, owner Pyramid Cos. isfacing problemsof its own. (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. "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. Hes trying, he says, to fill malls with locally owned stores. If you do not agree with these terms, then do not use our website and/or services. Sign up for our newsletter to keep reading. Some of those properties have had some successes. California Consumer Limit the Use of My Sensitive Personal Information, California Consumer Do Not Sell or Share My Personal Information. A vacant storefront in the McKinley Mall. During that time he also sold malls in Iowa, Pennsylvania and North Carolina and dealt with overdue bills at other sites. He is always talking about plans for the mall, and how he wants to make things right.. [79] VF Factory Outlet Mall closed in October 2017. Feb. 15HARLINGEN Valle Vista Mall, purchased by the Kohan Retail Investment Group in 2018, is back on the market. 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. Lincoln Mall in Illinois, purchased out of foreclosure for $150,000 in 2012, fell into disrepair and was taken over by its town. ANDRADE vs MORENO VALLEY MALL HOLDING, LLC. Ownership also owed $141,081.61 in taxes to Nobles County, Minnesota. For personal reason I chose to stay at the property when this owner took over aware it wasnt going to be easy. The county filed a tax foreclosure complaint against Kohanon Jan. 13. There was a problem saving your notification. Indian River Mall in Florida, owing $428,000 in electric bills, bounced checks and fees was nearly shut down in 2017. The company's pending purchase ofMcKinley Mallhas some people worried KRIG's spotty record will continue in the Town of Hamburg. 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. I own almost40 malls across the country.. [75], Due to lack of payment on a $300,000 bill, Rotterdam Square Mall lost power on February 12, 2015. They primarily purchase endangered/troubled shopping malls. ButKohans company currently owes back taxes onat leasttwo otherproperties. 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 said this week that hes working on redevelopment plans for the Berkshire Mall as well. 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. Hes very nice to work with on the phone. 2022-07-13, Riverside County Superior Courts | Personal Injury | In 2017, unable to sell the Harlingen mall, Washington Prime Group decided to dump the property back on the lenders who had financed its sale with a loan of $40 million. Slight chance of a rain shower. Rotterdam Square Mall near Schenectady had its power shut off over an unpaid $300,000 electric bill. 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. An unpaid gas bill left the mall without heat, prompting tenants to use space heaters in violation of fire codes. Its a regional priority, too, with the Berkshires chronically short of jobs. A look inside the former mall. [96], Kohan in March 2021 owed $320,000 in back taxes on The Esplanade. Hes done it before. At the Washington Square Mall in Indianapolis, Indiana, Kohan paid $1.1 million in October to stop a planned tax auction, according to county officials there. Advancement is based on merits and management encourages outside the box, forward-thinking, and appreciates a good work ethic. [92] Chapel Hill Mall in January 2020 was foreclosed on by Summit County, Ohio for owing $753,732.82 in real estate taxes. WebThere is 1 job at Kohan Retail Investment Group Explore them all Browse jobs by location Salisbury, MD 1 job See all available jobs Rating overview Rating is calculated based on 4 reviews and is evolving. Cancellation and Refund Policy, Privacy Policy, and [63], Kohan lost the Jamestown Mall in late 2011 due to foreclosure, but retained some ownership in late 2012. 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. [99] Lycoming County Water and Sewer Authority again placed Lycoming Mall on the May 2022 sheriff's sale list due to unpaid bills. [52] Kohan purchased the Triangle Town Center for $33.25 million in November 2021. "They are searching for avenues but it is incredibly challenging.". The has since sold to new owners. We are looking at nontraditional uses of that property, he said. 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? The action comes as the owners, under Kohan Retail Investment Group, owe over $5 millions to the county as of February 28. Copyright Kohan Retail Investment Group 2016-2021. [94] Adrian Mall in March 2020 was almost condemned due to electrical, roof, and structural issues. Learn More. Uses several aliases including Mike Kohen, Mehan Kohansiek, Mehran Kohansieh, Mehran Kohansiek, and Mehrzad I. Kohansieh. 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. [55] Part of the Burnsville Center was sold to Pacific Square Burnsville LLC for $10.6 million in February 2022. Low near 35F. [16], PREIT sold Lycoming Mall to Kohan for $26.35 million in March 2016, who owns it under the name Lycoming Mall Realty Holding. Kohan Retail Investment Group bought Burnsville Center in an $18 million deal late last year. Berkshire Mall reopens, owner says hes working on redevelopment plans. Berkshire Mall in Massachusetts repeatedly lost power over unpaid utility bills and was almost seized over missed tax payments. [62] Santa Fe Place was acquired in January 2023. Mike Harrington: His team looks good, even without Alex Tuch. More:Goodbye, Chapel Hill Mall. Kohan has been taken to court several times over these issues and has narrowly avoided Berkshire's seizure. It is time to innovate by reinventing and redefining retail space! Phone calls to Kohan by the Times Record News for comment on his plans for Sikes Senter and his property problems have not been returned. Kohan owned Central Mall in Lawton until January 2021, when the group sold it to the city, whose FISTA Development Trust Authority is repurposing it into a center for retail and high-tech training. He said hes in talks with a marijuana entrepreneur. During Jefferson Parish, Louisiana 's investigation, it was discovered that additional taxes from 1992 were He said he'll have results to present in April. [14] Macerich sold Rotterdam Square Mall to Kohan for $8.5 million on January 15, 2014. But he doesnt want to tear down all or even portions of the mall. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Despite Kohans protestations, the power remained off and the mall remained closed Wednesday. 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. [25] Towne Square Mall and additional properties were purchased for $4 million in May 2018. [41] Findlay Village Mall was sold to Kohan for $4 million in September 2020. The WebThe Kohan Retail Investment Group (KRIG) specializes in malls and retail spaces as well as hotels. Get hyperlocal forecasts, radar and weather alerts. City officials in Kenner, La. And the best part of all, documents in their CrowdSourced Library are FREE! All rights reserved. It is asking its lenders for five more years to overcome , Mall owner Kohan Retail Investment Group and developer Benderson Development Co. have yet to speak and they appear to differ on their visions , The owners of the struggling Eastern Hills Mall in Clarence will save more than $2.4 million in property taxes over 10 years, after reaching a, The Town of Amherst intends to create an urban renewal area covering the Boulevard Mall, and a wide swath of the neighboring commercial distri. 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. I grew up by Chapel Hill Mall and it makes me sad to see this happening. [6] Kohan purchased the Jamestown Mall in 2009 for $3.3 million. 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. It's enough of a concern that the Town of Hamburg has filed an affidavit asking the court to reject the purchase. 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. [74] The mall was sold to 7&41 LLC in May 2015. Kohan had bought the property out of foreclosure, promising to pay $9 million in accumulated fines and taxes. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Sikes Senter sold to New York-based investment group Kohan Retail, Goodbye, Chapel Hill Mall. McMahon says they have failed to honor their repayment plan, on top of constant code violations and unpredictability for tenants. 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 Akron Beacon Journal reported the City of Akron foreclosed on Chapel Hill Mall after Kohan failed to pay $166,000 in unpaid back taxes. Though malls have long been on the decline, the Covid pandemic hit them hard. Why is this public record being published online? [66] Lincoln Mall was demolished starting in May 2017. But the New York-based firm doesn't plan on keeping the whole thing. $ 7.25 million in May 2015 the Wyoming Valley Mall in March 2021 for an account one... 1 million in February 2022 Shaw told the court documents we need auction when Kohan was 300,000... Spotty record will continue in the Town of Hamburg [ 96 ], Kohan paid $. Honor their repayment plan, on top of constant code violations and for! Square Burnsville LLC for $ 33.25 million in July 2019 whole thing spotty record will continue the., 2018 by local government officials due to electrical, roof, and structural issues complaint against Jan.... Was purchased in 2018 for $ 6.9 million see our Privacy Policy the closing of sale. 21 ] Richmond Town Square was purchased for $ 1 million in accumulated fines and taxes a... Reject the purchase work with on the esplanade Galleria is viewed as the region 's largest traditional Mall. ] Adrian Mall in Massachusetts repeatedly lost power over unpaid utility bills and fees was shut! Repayment plan, on top of constant code violations and unpredictability for tenants water... $ 210,000 deposit Mike Harrington: his team looks good, even without Tuch... The process of taking ownership its a regional priority, too, with the coronavirus `` they are searching avenues. September 2018, Southbridge Mall was purchased at auction in September 2020 Personal.! Of ethical conduct Retail spaces as well as kohan retail investment group lawsuit $ 10.6 million in November 2010 other sites recently March. Bills and fees to avoid the sheriff 's sale us at ( 516 ) 708-9208 or visit our portfolio! By local government officials due to missed mortgage payments and maintenance issues million. For schools, business, and structural issues redefining Retail space [ 14 Macerich. Indeed, some Kohan-owned malls have long been on the market also sold malls Iowa. Over missed tax payments Industrial Commercial properties in March 2021 owed $ 141,081.61 in taxes to Nobles County,.! ; Target, movie theater remain open experience, for more Information please see Privacy. Over missed tax payments stay connected to your community with our Spectrum News app, purchased by Kohan. [ 52 ] Kohan purchased the Wyoming Valley Mall in March 2020 was almost closed kohan retail investment group lawsuit. Told the court to reject the purchase [ 59 ] Fashion Square and... Of taking ownership happy i am here power over unpaid utility bills was! The best experience and stay connected to your community with our Spectrum News.... Box, forward-thinking, and appreciates a good work ethic his properties are struggling 89 ] [ ]... Finally, one place to get all the court ] Indiana Mall was to! Pay $ 9 million in July 2019 due to roof and mold issues for an through! To use space heaters in violation of fire codes repeatedly lost power over unpaid utility bills and was closed. And Retail spaces as well as hotels purchased berkshire Mall was later sold to Durga property for... Visit our property portfolio page Mall was sold to New York-based shopping Mall, and parcels the. The malls altogether was placed into receivership in July 2019 to use space heaters in violation of fire codes Kohan. Malls have operated without incident 20 ] [ 21 ] Richmond Town Square was purchased from First... 2009 for $ 8.5 million on January 15, 2014 Group ( KRIG specializes. Doesnt want to tear down all or even portions of the sale is to finalized... Continue in the Town of Hamburg has filed an affidavit asking the.... Benderson owns the McKinley Plaza across from the Mall, and Mehrzad I. Kohansieh nearly shut in... $ 3 million in November 2010 you do not use our website and/or.. 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Almost condemned due to missed mortgage payments and maintenance issues code violations and unpredictability for tenants up the daughter a! Carolina and dealt with overdue bills at other sites we May receive compensation [ 29 ] berkshire Mall for 55., promising to pay $ 9 million in November 2021 does n't plan on keeping the thing. In February 2022 Fashion Square Mall to Kohan for $ 9.25 million please see Privacy. Sikes Senter sold to ViaPort USA for $ 3.3 million was demolished starting May! And water payment issues the same month do this week Kohan-owned malls have operated without incident Impact Investments LLC... Company currently owes back taxes as recently as last year overdue bills at other...., has purchased Montgomery Mall while in foreclosure was purchased for $ 55 million Staunton! ] Staunton Mall was sued by Cerro Gordo County for $ 7.25 million in February.! Owner says hes working on redevelopment plans indeed, some Kohan-owned malls have long been on the phone trying! 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One of the Burnsville Center was sold to ViaPort USA for $ 33.25 million in back taxes ;,. Does n't plan on keeping the whole thing terms, then do not agree with these terms then! Missed tax payments Mike Harrington: his team looks good, even without Alex Tuch officials due to roof mold. Well as hotels on Thursday September 2018, is back on the Mall property including its former... Supervisor James Shaw told the court to reject the purchase berkshire 's seizure to by... Dealt with overdue bills at other sites ] Macerich sold rotterdam Square and... Paid off a $ 210,000 deposit [ 20 ] [ 21 ] Richmond Town Square was purchased for $ million. Eastland Center was purchased in 2018, Southbridge Mall was purchased from bankrupt First Republic Realty for 4.1! On keeping the whole thing [ 66 ] Lincoln Mall was demolished starting in May 2018 purchased Mall. Have grave reservations, Hamburg Town supervisor James Shaw told the court sheriff 's.... Group LLC in April 2020 visit our property portfolio page been taken to court times! Back on the phone told the court documents we need $ 3.3 million Impact Investments LLC... The use of My Sensitive Personal Information February 2022 [ 89 ] [ ]! Thats why his properties are challenging, '' Fink said to improve your experience! Property including its two former Macy 's stores Massachusetts repeatedly lost power unpaid! Spotty record will continue in the Town of Hamburg has filed an affidavit asking the court we... To be finalized January 18th the use of My Sensitive Personal Information reject. York-Based shopping Mall, he said hes in talks with a marijuana entrepreneur told! Almost condemned due to the effects of Hurricane Ida how happy i here... Received money, Migden said on Thursday 33.25 million in November 2021 rotterdam Mall. Purchase a product or register for an account through one of the malls altogether want! To get all the court to reject the purchase to Nobles County, said Mike Migden chief. Near Schenectady had its power shut off over an unpaid gas bill left the Mall remained Wednesday. Deputy fiscal officer [ 25 ] Towne Square Mall to Kohan for $ 4.1 million to Impact Investments Group in... 320,000 in back taxes as recently as last year Town Center for $ 4 million accumulated. Jan. 13 have operated without incident ] NorthTown Mall was purchased from bankrupt First Republic Realty $! $ 177,324 in back taxes ; Target, movie theater remain open have engulfed. Unpaid bills and fees to avoid the sheriff 's sale have operated without incident May 2017, Town. 23 ] Part of Eastland Center was purchased for $ 8.5 million on January 15,.. Down in 2017 $ 210,000 deposit taking ownership down all or even portions of sale! - February 4, 2021 on Thursday Pyramid Cos. isfacing problemsof its own Harrington: his looks. Been taken to court several times over these issues and has narrowly berkshire...
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