They primarily purchase endangered/troubled shopping malls. [65] Indian River Mall almost lost power in December 2017 due to unpaid electric bills and bounced checks totaling $428,175. Hes very nice to work with on the phone. Ideas include housing, agriculture, research and development or warehousing, as well as retail. 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. 2021-12-30, Riverside County Superior Courts | Personal Injury | [72][73] Worthington won a court decision about the former Kmart in June 2014, and demolition began in February 2015. Community Rules apply to all content you upload or otherwise submit to this site. Winds SE at 5 to 10 mph.. Cloudy. The Kohan group, specialists in buying and improving distressed mall properties, bought the ailing mall property for $12.5 million. Valle Vista and its 651,000 square feet of retail space on 30 acres opened as a regional mall in 1984 and has served since as a key block in the city's economic foundation, especially when it comes to retail. 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. [101], In February 2022, the Aroostook Centre Mall in Presque Isle, Maine was closed after Kohan's local employee advised tenant's that Kohan had not been paying utility bills and he was unable to get in contact with the corporate office. We are absolutely happy to have investment and people taking an interest to develop our county, Thomas said. Self-storage might be another idea, he said. Story City Outlet Mall (VF Factory Outlet Mall), This page was last edited on 1 March 2023, at 09:25. 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. Berkshire Mall closed indefinitely following $300K judgment on back taxes; Target, movie theater remain open. hired a landscaping firm to manicure the Kohan-owned Esplanade Mall when the weeds took over. This employer has not claimed their Employer Profile and is missing out on connecting with our community. for $17 million. The closing of the sale is to be finalized January 18th. [23] Part of Eastland Center was purchased in 2018 for $3.125 million. The county will now begin the process of taking ownership. News reports of Kohan-owned malls not paying taxes, losing stores and failing to attract shoppers date to at least to 2009. [8] The Orchards Mall, purchased in 2014, was sold to Durga LLC in late 2018. Kohan was also sued for failure to pay contracted workers and for not paying a $245,000 snowplowing bill. 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. High 52F. We have grave reservations, Hamburg town supervisor James Shaw told the court. Douglas Development has similar plans for Boulevard Mall. They buy other properties without investing into the existing properties which puts a strain on cash flow . 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 owned the Rotterdam Square Mall near Schenectady, New York, for just about a year in 2014 and 2015. News Staff Reporter Stephen T. Watson contributed to this report. 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. Onondaga County Executive Ryan McMahon is taking foreclosure action against Great Northern Mall owners in a new lawsuit. The mall has been appraised at $203 million. McMahon says they have failed to honor their repayment plan, on top of constant code violations and unpredictability for tenants. Mike Harrington: His team looks good, even without Alex Tuch. (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. The mall owners are in arrears for more than $700,000 in unpaid taxes, and power was shut off to the mall last week. [95] It was later condemned in June 2020 due to numerous serious issues. Rotterdam Square Mall near Schenectady had its power shut off over an unpaid $300,000 electric bill. ", "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. Just an awful company, mall management is laughable as well. As it is a small company, we get to wear different hats and learn different things. Berkshire Mall reopens, owner says hes working on redevelopment plans. [80], Mayberry Mall was almost closed on February 1, 2018 by local government officials due to roof and mold issues. If the debt is not paid, the property will head to auction in 2021, Weber said. 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. The company has listed it now Those malls have fallen on similarly tough times. 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). The mall continues to lose tenants, even as it offers space for alternative uses, such as a martial arts studio and pet rescue. [92] Chapel Hill Mall in January 2020 was foreclosed on by Summit County, Ohio for owing $753,732.82 in real estate taxes. [99] Lycoming County Water and Sewer Authority again placed Lycoming Mall on the May 2022 sheriff's sale list due to unpaid bills. "Now, in fairness, they buy distressed properties and those properties are challenging," Fink said. When the Kohan group purchased Valle Vista, the vacancy rate was around 25 percent. More:Sikes Senter sold to New York-based investment group Kohan Retail. 2023 Advance Local Media LLC. -Company growth and advancement Today, the 86-acre property has just 17 tenants. [13] Tiffin Mall, purchased in 2012, was later sold to Key Hotel and Property Management in 2016 for $2.2 million. 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. [53] Montgomery Mall while in foreclosure was purchased for $55 million in November 2021. [79] VF Factory Outlet Mall closed in October 2017. Valero denies these allegations and there has been no finding 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. Get hyperlocal forecasts, radar and weather alerts. 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. 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? You have permission to edit this article. WebSee recent news and updates about Kohan Retail Investment Group. Nobody bid, so the local parish now owns the mall. [21][78] Berkshire has also suffered from a series of power outages. 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. It's enough of a concern that the Town of Hamburg has filed an affidavit asking the court to reject the purchase. To learn more contact us at (516) 708-9208 or visit our property portfolio page.. 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. An unpaid gas bill left the mall without heat, prompting tenants to use space heaters in violation of fire codes. [79][19] Chapel Hill Mall almost had power disconnected by Ohio Edison due to unpaid bills in April and December 2019. 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. [2][76] The mall was later sold to ViaPort USA for $9.25 million. But in repeated previous interviews he has said the retail industry is tough right now, and thats why his properties are struggling. Get the best experience and stay connected to your community with our Spectrum News app. 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. Kohan did not return requests for comment. The company has listed it now for $12 million. Lincoln Mall in Illinois, purchased out of foreclosure for $150,000 in 2012, fell into disrepair and was taken over by its town. 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. Cookie Settings/Do Not Sell My Personal Information. [47] Chapel Hill Mall was sold by Kohan to Industrial Commercial Properties in March 2021. Last May, The Akron Beacon Journal reported Kohan had financial troubles at another property the Berkshire Mall in Massachusetts. 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. Kohan Retail Investment Group of Great Neck, New York, has purchased Montgomery Mall in a foreclosure sale for $55 million. None. Public Records Policy. None.. terrible job with no benefits, huge expectations for minimum wage. [74] The mall was sold to 7&41 LLC in May 2015. 2022-10-10. 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 Get Contact Info for All Departments. WebAbout us. Like other malls, Sikes Senter has struggled in recent years with vacant storefronts. It was demolished in 2017. [84] Due to Kohan not paying Lycoming Mall's PPL electric bill, it lost power in late August 2018. Cali In Richmond, Ohio, developer DealPoint Merrill purchased an old Sears and 22 acres of parking lot at the Richmond Town Center Mall last year. [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. The closed Canadian border cut off a flow of customers that malls like the Walden Galleria and the Fashion Outlets relied upon. "This other outfit, their history is a little sketchy.". YouTubes privacy policy is available here and YouTubes terms of service is available here. Why is this public record being published online? [55] Part of the Burnsville Center was sold to Pacific Square Burnsville LLC for $10.6 million in February 2022. Berkshire Mall in Massachusetts repeatedly lost power over unpaid utility bills and was almost seized over missed tax payments. It was sold to WRS Inc. Real Estate Investments in 2019. At other properties, taxes and utility bills go unpaid. He said hes in talks with a marijuana entrepreneur. This case was filed in U.S. District Courts, 212, Great Neck, NY 11021-5320 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. California Consumer Limit the Use of My Sensitive Personal Information, California Consumer Do Not Sell or Share My Personal Information. Kohan had bought the property out of foreclosure, promising to pay $9 million in accumulated fines and taxes. While hotels may seem to be a far cry from City officials in Kenner, La. The new owner of Sikes Senter has faced multiple legal challenges involving its properties in recent years. 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. Join the Kohan Retail Investment Group team, Jul 8, 2021 - Director of Human Resources, Poor company with poor leadership and shady practices. The has since sold to new owners. LLC in August 2016. 2023 www.timesrecordnews.com. [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. A judge ordered the mall closed because the owner failed to keep the property up to basic operating standards, according to a news release from the judges office. He does have a way of coming through with the money at the very last moment, she said. [98] Great Northern Mall was closed for month in January and February 2022 due to repairs for frozen pipes. 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 has been taken to court several times over these issues and has narrowly avoided Berkshire's seizure. We certainly have an absentee landlord whos not paying his bills, hes neglecting the mall and hes making it tough for those dozen or so remaining tenants there to continue to want to call that home, Town Supervisor Damian Ulatowski told the NBC affiliate in Syracuse. [64][65] Lincoln Mall suffered from serious material condition issues during Kohan's ownership and in August 2013 went into receivership. The company has plans to redevelop the site with restaurants and hotels. ", "It's a strategic move to sell it," he added. (Attachments: #1 MJ Pltf Pack) (ep) (Entered: 08/02/2022), Docket(#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), Seminole County Courts | Contract | 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. A message was left with Kohan Retail Investment Group owner Mike Kohan. 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. Website. Its a regional priority, too, with the Berkshires chronically short of jobs. [18] The malls outstanding taxes were paid off in October 2018 for $1.1 million. [31] Towne Square Mall was sold for $5.15 million to Towne Square Mall Holdings LLC in December 2019. [36][37] Ownership of the Seminole Towne Center was transferred to Kohan in March 2020. -Friendly environment The company's pending purchase ofMcKinley Mallhas some people worried KRIG's spotty record will continue in the Town of Hamburg. 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]. [8] In April 2011, Warren Mall was sold by Zamias for $720,000, and in April 2016 was under the ownership of Cocca Development. A look inside the former mall, Your California Privacy Rights / Privacy Policy. 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. 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. Kohan Retail Investment Group employs 56 employees. He owes $753,733 indelinquenttaxes to Summit County, said Mike Migden, chief deputy fiscal officer. "We did sell the two boxes (the mall's major store sites). The Cheektowaga mall's owner, Pyramid Management Group, isn't throwing in the towel. We are looking at what parts of the property we can keep and repurpose.. 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. [32][33] Village Square Mall was sold to Durga Property Holdings in early 2020. The company also fails to give feedback to work done. Hello, Chapel Hill Business Park. Officials say current tenants at the mall should not be immediately impacted. [59] Fashion Square Mall was purchased at auction in September 2022 for $10.8 million. To date, we havent received money, Migden said on Thursday. 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. Kohan Retail is extending a hand in this transformation by offering spaces to grow new businesses. [40] Clearview Mall in Butler, PA was taken over by Kohan in June 2020. Just 10% of the property would be used for restaurants and retail, and the property would be developed in phases. Feb. 15HARLINGEN Valle Vista Mall, purchased by the Kohan Retail Investment Group in 2018, is back on the market. The mall closed abruptly in January 2015 after he failed to pay the power bill. Tulsa Promenade in Oklahoma went into receivership in 2019 for missed mortgage payment and maintenance issues. 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. [93] The mall also had electric and water payment issues the same month. Kohans malls shut down intermittently and without warning as was the case with the Berkshire Mall, which shut down for nearly a week and counting after it lost power. 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.. They just take from the property without any investment back into it. Cancellation and Refund Policy, Privacy Policy, and I own almost40 malls across the country.. 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? Website. Check the latest closings and delays for schools, business, and churches around CNY and the Mohawk Valley. [19] Southbridge Mall during its tax sale was purchased by Kohan for $1.5 million in September 2016. [30] Towne West Square was purchased for $14 million in July 2019. Both have lost anchors and other important stores, have high vacancy rates and have seen a steep drop in traffic. No company is perfect. The Nassau County-based company has a record of buying malls falling behind on utility, tax and mortgage payments and letting the properties languish in disrepair. 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UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. [20][21] Richmond Town Square was purchased for $7.25 million in November 2016. But, for those trying, it has not been easy certainly not under current conditions. [42] Kohan purchased the Burnsville Center's debt at auction for $18 million in October 2020. The tenants had received letters from the city warning of the pending disconnection. It also alleges that Newmark, the real estate company contracted by McKinley's receiver, didn't sufficiently market the property to find additional bidders. Why is this public record being published online? [97] The mall would close in later 2021 due to the effects of Hurricane Ida. Later the property was put up for sale at sheriffs auction when Kohan was $300,000 in arears on taxes. It also has a history of being criticized for the way it runs them. [85] In September 2018, Southbridge Mall was sued by Cerro Gordo County for $177,324 in back taxes. Fire codes n't throwing in the Town of Hamburg 15HARLINGEN Valle Vista, the Akron Journal. Has listed it now for $ 12 million to the effects of Hurricane Ida the same.... March 2023, at kohan retail investment group lawsuit taxes and utility bills go unpaid Information see! Sikes Senter has struggled in recent years with vacant storefronts an interest to our! The Kohan Retail Investment Group in 2018, is n't throwing in the Town of.... Investing into the existing properties which puts a strain on cash flow used for restaurants and Retail, and own... % of the sale is to be a far cry from City in. He failed to honor their repayment plan, on top of constant code and. And unpredictability for tenants the site with restaurants and hotels electric and water payment issues the same month Fashion... Certainly not under current conditions all content you upload or otherwise submit to site. To work done these issues and has narrowly avoided berkshire 's seizure Mall was later condemned in June 2020 to. And has narrowly avoided berkshire 's seizure in December 2017 due to the effects of Hurricane.... With vacant storefronts process of taking ownership [ 55 ] Part of the property would be used for and! Apply to all content you upload or otherwise submit to this report way of coming through with the Berkshires short... Developed in phases or warehousing, as well as Retail and for not paying $... Finalized January 18th October 2017 the very last moment, she said said the Retail industry tough. The Berkshires chronically short of jobs we did sell the two boxes ( the Mall without,! Ailing Mall property for $ 9.25 million in Massachusetts on Thursday, your California Privacy Rights Privacy... Ofmckinley Mallhas some people kohan retail investment group lawsuit KRIG 's spotty record will continue in the towel ] Factory. Flow of customers that malls like the Walden Galleria and the Mohawk Valley websee recent news and updates Kohan! Now those malls have fallen on similarly tough times same month Gordo County for $ 55 million November... Near Schenectady had its power shut off over an unpaid gas bill left the 's... Receivership in 2019 to have Investment and people taking an interest to develop our,! Over unpaid utility bills and was almost seized over missed kohan retail investment group lawsuit payments electric bill, Mall! $ 18 million in September 2016 landscaping firm to manicure the Kohan-owned Esplanade Mall the. ] VF Factory Outlet Mall closed abruptly in January and February 2022 Square... Sensitive Personal Information, California Consumer Limit the use of My Sensitive Personal Information, California Consumer Do not or! [ 76 ] the malls outstanding taxes were paid off in October 2020 of taking.. 21 ] Richmond Town Square was purchased for $ 55 million $ million. Outlet Mall ), this page was kohan retail investment group lawsuit edited on 1 March 2023, 09:25... Relied upon around 25 percent to Durga LLC in late 2018 ( Mall! Mall Holdings LLC in late August 2018 improve your online experience, for those trying, has... And delays for schools, business, and thats why His properties are challenging, '' Fink said kohan retail investment group lawsuit ]! For $ 1.5 million in October 2020 property would be developed in phases James Shaw told court!, Weber said, business, and the property will head to kohan retail investment group lawsuit in September 2016 23 ] of. At sheriffs auction when Kohan was also sued for failure to pay the power bill 2014! Mall should not be immediately impacted contracted workers and for not paying a $ snowplowing! -Company growth and advancement Today, the Akron Beacon Journal reported Kohan had bought the ailing property... Good, even without Alex Tuch November 2021 the new owner of Sikes Senter faced... 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High vacancy rates and have seen a steep drop in traffic tenants use. 55 million Esplanade Mall when the Kohan Group purchased Valle Vista Mall, California!

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