ANDRADE vs MORENO VALLEY MALL HOLDING, LLC. [8] The Orchards Mall, purchased in 2014, was sold to Durga LLC in late 2018. Kohanfinalized the purchasefrom Sure Fire Group LLC, a group of local investors, for $10.2 million on Tuesday, paying $4 million of the total price with cash, said Ashtabula County Auditor David Thomas. WebLocation of This Business 1010 Northern Blvd. Officials say current tenants at the mall should not be immediately impacted. Self-storage might be another idea, he said. [79] Kohan owed $627,789 in property taxes on the Washington Square Mall in 2017, and the mall was put up for tax sale. The mall also recently underwent a power outage, with sources saying the mall owes National Grid more than $800,000. High 52F. [8] In April 2011, Warren Mall was sold by Zamias for $720,000, and in April 2016 was under the ownership of Cocca Development. Email notifications are only sent once a day, and only if there are new matching items. Kohan says the company bought it from Brookfield Properties LLC, another New York-based real estate investment company, for $49 million in a transaction that was completed Feb. 11. McMahon says they have failed to honor their repayment plan, on top of constant code violations and unpredictability for tenants. [64][65] Lincoln Mall suffered from serious material condition issues during Kohan's ownership and in August 2013 went into receivership. To learn more contact us at (516) 708-9208 or visit our property portfolio page.. Maybe shoppers intended to browse and relax in free air-conditioning. [38] Virginia Center Commons was sold to VCC Partners LLC and Shamin VCC LLC in early 2020 for $8.3 million. Daniel Galvan, a Coldwell Banker commercial broker based in McAllen, is handling the sale. Tennessee-based CBL & Associates, the previous owner of the main mall building and tenant spaces, as well as outlots, has filed for Chapter 11 bankruptcy. 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. The one reviewer that said there was room for growth must be the owner. On this Wikipedia the language links are at the top of the page across from the article title. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Sorry, there are no recent results for popular commented articles. But the New York-based firm doesn't plan on keeping the whole thing. List of properties with unclear ownership. Kohan, who also goes by other names, including Mehran Kohansieh, said the shutdown didnt include the Berkshire Mall Regal Cinemas 10 and Target store. Last month, KRIG put in a bid of $8.5 million on the mall, which is assessed at about $10.5 million. Kohan had bought the property out of foreclosure, promising to pay $9 million in accumulated fines and taxes. 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. The company is very understanding and helpful when required. [5] Lake Square Mall was purchased in March 2014 for $13.28 million, but would be sold to Via Properties in September with Kohan remaining manager. 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. 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. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, Those malls have fallen on similarly tough times. [16], Lycoming County Water and Sewer Authority placed Lycoming Mall on the February 2019 sheriff's sale list due to unpaid bills. Our county economically is doing fantastic, I really hope this sale is a sign of great things to come for the area.. Low near 35F. It was sold to WRS Inc. Real Estate Investments in 2019. Get the best experience and stay connected to your community with our Spectrum News app. (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. 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. With the action taken today, Onondaga County has now begun the process of taking over ownership of this mall and will work diligently and expeditiously to get this property redeveloped and back into productive use.. Some of those properties have had some successes. Get Contact Info for All Departments. (I am putting it politely) 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. A source involved in the matter said the issue was ultimately settled without litigation. The Kohan group, specialists in buying and improving distressed mall properties, bought the ailing mall property for $12.5 million. Learn More. - Great office location. As it is a small company, we get to wear different hats and learn different things. Ideas include housing, agriculture, research and development or warehousing, as well as retail. [44] Central Mall Lawton was sold to Lawton, Oklahoma for $14.6 million in January 2021. ), Age Discrimination in Employment Act (ADEA) - 29 USC 621-634 The mall is anchored by JCPenney with three vacant anchors last occupied by Dillard's, Sears, & Stage.At the time of the mall's Ste. [18] Chapel Hill Mall was purchased in July 2016 by Kohan for $8.6 million. 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. [63], Kohan lost the Jamestown Mall in late 2011 due to foreclosure, but retained some ownership in late 2012. [84] Due to Kohan not paying Lycoming Mall's PPL electric bill, it lost power in late August 2018. 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. In several instances, KRIG has lost ownership or control of the malls altogether. During Jefferson Parish, Louisiana 's investigation, it was discovered that additional taxes from 1992 were Email notifications are only sent once a day, and only if there are new matching items. [12][66] Matteson, Illinois took over ownership in June 2014 and it closed in January 2015 after running out of money. [80], Mayberry Mall was almost closed on February 1, 2018 by local government officials due to roof and mold issues. Chapel Hill closed for good in April 2021 and has been demolished to make way for a business park. They do not pay their bills or employees. Lincoln Mall in Illinois, purchased out of foreclosure for $150,000 in 2012, fell into disrepair and was taken over by its town. I grew up the daughter of a steelworker in North Tonawanda. Get hyperlocal forecasts, radar and weather alerts. Why is this public record being published online? 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. [91] Kohan resumed ownership of the mall in September. Douglas Development has similar plans for Boulevard Mall. Both have lost anchors and other important stores, have high vacancy rates and have seen a steep drop in traffic. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, All rights reserved. ", "It's a strategic move to sell it," he added. ", "Berkshire Mall sells for $1M after new player clears tax debt", "New owner plans changes to drive traffic at Towne West Square", "Local investors purchase Towne Square Mall", "Mall gets new owner, city to make repairs", "Chapel Hill Mall owner buys struggling Ashtabula Towne Square mall", "Seminole Towne Center owner sells to investment group with plans to revitalize struggling mall", "Local investment group buys American Family Fitness building at Virginia Center Commons for $4.1 million", "Clearview Mall under new management of NY-based retail group", "New owner says it's time to reimagine aging malls", "Outlets of Little Rock center changes hands", "City of Lawton completes purchase of Central Mall", "A 120% Loss on Vegas Mall Triggers Payday for Icahn's Big Short", "Fort Gratiot's Birchwood Mall sold for $5.6M", "New owner will convert Chapel Hill Mall into a business park", "Lansing Mall sold for $9.2 million to Kohan Retail Investment Group", "New York company purchases Oak View Mall in southwest Omaha", "Sale of McKinley Mall approved by judge, objections from town and developer denied", "Struggling Wyoming Valley Mall has new owner", "Triangle Town Center sold again but at fraction of previous price", "Plans in mind for a reimagined Crossroads Mall in Portage", "NorthTown Mall is sold, new owner plans to make it a destination", "Local investors and Illinois developer buy portion of Burnsville Center for $10.6M", "Waterbury mall and neighboring shopping center sells for $44.9M", "Fashion Square Mall in Saginaw Township purchased by Midland Mall owners", "Cumberland Mall is sold as PREIT sheds assets", "Mall at Robinson sold to New York firm in $46M deal", "Santa Fe Place mall sold to N.Y. investment group", "Orchards Mall's new owner: rescuer or bad apple? Learn more about recent acquisitions, upgrades, and other information. I've been a business reporter for The News since 2008 and write the Discount Diva column, which appears in every Sunday's paper. New York-based shopping mall investment company Kohan Retail Investment Group has purchased the Wyoming Valley Mall in Wilkes-Barre Twp. Jamestown Mall in Missouri was foreclosed in 2011. Good company to work. 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 Tulsa Promenade in Oklahoma went into receivership in 2019 for missed mortgage payment and maintenance issues. Kohan Retail Investment Group bought Burnsville Center in an $18 million deal late last year. "Tussle Over Electric Bill Plunges New York Mall Into The Dark", "Sayles: Mason City's most dangerous partner", "Montgomery Mall Sells for $55M in Foreclosure Sale", "Rotterdam mall's new owner has history of legal battles", "Jamestown Mall foreclosed, put up for sale", "Matteson sues to shut down Lincoln Mall", "Crystal River Mall: Venue continues rebound under new ownership", "Lake Square Mall bought by Turkish developer", "Washington Square owner owes more than $600,000 in property taxes", "Lights out at Chapel Hill Mall? This case was filed in Berkshire Mall in Massachusetts closed four times following power cutoffs for non-payment. The mall has been appraised at $203 million. 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. The has since sold to new owners. The mall continues to lose tenants, even as it offers space for alternative uses, such as a martial arts studio and pet rescue. More:Goodbye, Chapel Hill Mall. 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. The tenants had received letters from the city warning of the pending disconnection. [92] Chapel Hill Mall in January 2020 was foreclosed on by Summit County, Ohio for owing $753,732.82 in real estate taxes. 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 | He owes $753,733 indelinquenttaxes to Summit County, said Mike Migden, chief deputy fiscal officer. Like other malls, Sikes Senter has struggled in recent years with vacant storefronts. In addition, the owners have been assessed a penalty fee with interest that stands at $23,508.79 as of Wednesday. 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. It is looking into restructuring its $715 million debt on its Syracuse mall, Destiny USA. The decline of the Southbridge Mall mirrors that of the Berkshire Mall, which had 100 shops and restaurants when it opened in 1988. With interest that stands at $ 203 million bought the property out of foreclosure, promising to pay $ million., on top of constant code violations and unpredictability for tenants in recent years with vacant storefronts thing! 84 ] due to Kohan not paying Lycoming Mall 's PPL electric bill, it lost power late. Appraised at $ 203 million company, we get to wear different hats and learn things... 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