[1] After purchasing Woodville Mall in 2009, it was closed in December 2011 by court order, and demolished by Northwood, Ohio in March 2014 due to its poor material condition. I have nothing but GREAT things to say about this employer. [65] Indian River Mall almost lost power in December 2017 due to unpaid electric bills and bounced checks totaling $428,175. [18] Chapel Hill Mall was purchased in July 2016 by Kohan for $8.6 million. Maybe shoppers intended to browse and relax in free air-conditioning. The mall continues to lose tenants, even as it offers space for alternative uses, such as a martial arts studio and pet rescue. "But their host communities have had problems with them, utility companies have had problems, tenants have had problems.". [79] VF Factory Outlet Mall closed in October 2017. In 2018, Kohan paid nearly $1 million in back taxes few days before he was to have lost the property to a tax taking, according to the town. slumlord. An unpaid gas bill left the mall without heat, prompting tenants to use space heaters in violation of fire codes. 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. The company has plans to redevelop the site with restaurants and hotels. 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. Hello, Chapel Hill Business Park. Get the best experience and stay connected to your community with our Spectrum News app. ", "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? Website. [72][73] Worthington won a court decision about the former Kmart in June 2014, and demolition began in February 2015. Parts of the property later went up for tax sale, were not sold, and the assets transferred to Jefferson Parish. "We have grave reservations," said James Shaw, Hamburg town supervisor. And the pandemic hastened the already sweeping trend toward online shopping. [15] Staunton Mall was sold for $4.5 million in March 2014. 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. While hotels may seem to be a far cry from The Kohan group has purchased more than 20 malls nationwide, with a business plan to improve those properties and stabilize them financially. [1][7] Staunton Mall was purchased from bankrupt First Republic Realty for $4.05 million in November 2010. 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. Ste. YouTubes privacy policy is available here and YouTubes terms of service is available here. Benderson Development declined to comment. Just an awful company, mall management is laughable as well. I've been a business reporter for The News since 2008 and write the Discount Diva column, which appears in every Sunday's paper. Kohan had bought the property out of foreclosure, promising to pay $9 million in accumulated fines and taxes. [8] In April 2011, Warren Mall was sold by Zamias for $720,000, and in April 2016 was under the ownership of Cocca Development. This case was filed in U.S. District Courts, WebKohan in March 2021 owed $320,000 in back taxes on The Esplanade. California Consumer Limit the Use of My Sensitive Personal Information, California Consumer Do Not Sell or Share My Personal Information. 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. 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. [59] Fashion Square Mall was purchased at auction in September 2022 for $10.8 million. [23][86] Those taxes were paid off in December 2018, with three of the previous four checks sent to the county bouncing. Jamestown Mall in Missouri was foreclosed in 2011. 2022-12-14, Seminole County Courts | Personal Injury | The Kohan Retail Investment Group management team includes Mike Kohan (Founder and CEO), Denis Nezaj (CFO), and Marni Sawicki (General Manager) . [42] Kohan purchased the Burnsville Center's debt at auction for $18 million in October 2020. 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. 2023 www.timesrecordnews.com. [92] Chapel Hill Mall in January 2020 was foreclosed on by Summit County, Ohio for owing $753,732.82 in real estate taxes. Uses several aliases including Mike Kohen, Mehan Kohansiek, Mehran Kohansieh, Mehran Kohansiek, and Mehrzad I. Kohansieh. Great Northern Mall in Onondaga County owed more than $3 million in back taxes as recently as last year. (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). Kohan Retail Investment Group is a shopping mall investment company based in Great Neck, New York. The closed Canadian border cut off a flow of customers that malls like the Walden Galleria and the Fashion Outlets relied upon. I have been working at Kohan for a year now. SIORDIA vs MORENO VALLEY HALL HOLDING, LLC, MICHAEL WOHL, AS PERSONAL REPRESENTATIVE OF THE ES -VS- NORTH FLORIDA REGIONAL MEDICAL CENTER, INC et al, HUBERTA DANIELS V. PREMIER RESORTS AND MANAGEMENT INC. 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. 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 | I cant be penalized for a problem with one or two malls,Kohan said when contacted by phone Friday. 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. But he doesnt want to tear down all or even portions of the mall. Last month, KRIG put in a bid of $8.5 million on the mall, which is assessed at about $10.5 million. [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. High 52F. Kohan Retail Investment Group of Great Neck, New York, has purchased Montgomery Mall in a foreclosure sale for $55 million. (Wood, Peter) (Entered: 09/19/2022), Docket(#3) SUMMONS Returned Executed by Philip Jewell Sr.. Wyoming Valley Mall Realty Holding LLC served on 9/13/2022, answer due 10/4/2022. Learn more about recent acquisitions, upgrades, and other information. [43], The Outlets of Little Rock were purchased for $10 million in January 2021. 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. [27] Valle Vista Mall was purchased for $12.5 million in mid-2018. On 12/30/2021 ARNOLD LINK filed a Personal Injury - Other Personal Injury lawsuit against KOHAN RETAIL INVESTMENT GROUP LLC. 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. ", "It's a strategic move to sell it," he added. Those malls have fallen on similarly tough times. 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. But in repeated previous interviews he has said the retail industry is tough right now, and thats why his properties are struggling. The has since sold to new owners. ButKohans company currently owes back taxes onat leasttwo otherproperties. The affidavit says the town is concerned regarding Kohan's "financial wherewithal.". [8] The Orchards Mall, purchased in 2014, was sold to Durga LLC in late 2018. The suit was filed against mall owner Michael Kohan of Great Neck, N.Y., Chapel Hill Mall Realty Holdings LLC, Southbridge Mall Realty Holdings LLC, and Kohan Retail Investment Group LLC. Washington Prime Group still owed $27 million. Some examples include: Woodville Mall in Ohio, purchased in 2009, was closed by court order in 2011 due to structural issues including holes in the roof, mold and mildew. During Jefferson Parish, Louisiana 's investigation, it was discovered that additional taxes from 1992 were 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. The mall was bulldozed in 2017. 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. [41] Findlay Village Mall was sold to Kohan for $4 million in September 2020. [83] Due to the roofs poor condition, Effingham City declared Village Square Mall unsafe in August 2018. A check written for an earlier payment had bounced. (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. [51] Wyoming Valley Mall was sold to Kohan for $17 million in August 2021. -Company understands work-balance and actually respects that. Correction: An earlier version of this story incorrectly attributed information about how much money Kohan owes to National Grid. 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. Company is growing and there are always new changes that need to be made. 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. -Friendly environment [34][35] Ashtabula Towne Square and other properties was purchased for $10.2 million in February 2020. Finally, one place to get all the court documents we need. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Kohan also owes almost $5 million in back taxes on the property. On my behalf as County Treasurer, a civil lawsuit was filed against Southbridge Mall Realty Holding, LLC for the delinquent real estate taxes and interest on the buildings and improvements known locally as Southbridge Mall.Prior to Fiscal Year 2017-2018, the Southbridge Mall buildings and improvements were taxed as separate parcels from the A look inside the former mall, Your California Privacy Rights / Privacy Policy. 3:22-CV-01203 | 2022-08-02, Riverside County Superior Courts | Personal Injury | 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. Others, however, have been engulfed in trouble, according to widespread news reports. We have grave reservations, Hamburg town supervisor James Shaw told the court. 2021-08-03, Alachua County - Eighth Judicial Circuit Court | Personal Injury | Today, the 86-acre property has just 17 tenants. [50] McKinley Mall was sold to Kohan for $8.5 million in July 2021 despite protests from local business and government about the sale price. "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. New York-based shopping mall investment company Kohan Retail Investment Group has purchased the Wyoming Valley Mall in Wilkes-Barre Twp. Having problems? Kohan finalized the purchase from 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 Cancellation and Refund Policy, Privacy Policy, and 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. And the best part of all, documents in their CrowdSourced Library are FREE! The affidavit says the town is concerned regarding Kohan's "financial wherewithal" and ability to redevelop the project. [23] Part of Eastland Center was purchased in 2018 for $3.125 million. In addition, the owners have been assessed a penalty fee with interest that stands at $23,508.79 as of Wednesday. Kohan couldnt be reached for comment Wednesday. News Staff Reporter Stephen T. Watson contributed to this report. Why is this public record being published online? 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 is anchored by JCPenney with three vacant anchors last occupied by Dillard's, Sears, & Stage.At the time of the mall's [63], Kohan lost the Jamestown Mall in late 2011 due to foreclosure, but retained some ownership in late 2012. Though malls have long been on the decline, the Covid pandemic hit them hard. Story City Outlet Mall (VF Factory Outlet Mall), This page was last edited on 1 March 2023, at 09:25. "They have a lot already invested in the area which makes them really a very attractive buyer from the town's perspective as being the kind of owner they would like to see," said attorney Raymond Fink,a partner at Lippes Mathias Wexler Friedman who is representing the Town of Hamburg. [70][71] The mall had serious material condition issues in April 2014 that Worthington, Minnesota took action on. I have worked for many employers and can not emphasize how happy I am here. The company, which owns more than 50 malls nationwide, is not new to the area. The Kohan group, specialists in buying and improving distressed mall properties, bought the ailing mall property for $12.5 million. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, attorney Raymond Fink,a partner at Lippes Mathias Wexler Friedman who is representing the Town of Hamburg, Sabres place Alex Tuch on injured reserve; top-line winger's status is uncertain, Nebraska cheerleader competes by herself at state competition, but crowd doesn't let her feel alone. WebKohan Retail Investment Group is excited to announce we have expanded our portfolio to include two stunning hotels in New York City. He was also cited because the parking lot was in disrepair. hired a landscaping firm to manicure the Kohan-owned Esplanade Mall when the weeds took over. Join the Kohan Retail Investment Group team, Jul 8, 2021 - Director of Human Resources, Poor company with poor leadership and shady practices. None. 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. The company has listed it now