2023 www.timesrecordnews.com. [60] In November 2022, PREIT sold Cumberland Mall to Kohan Retail Investment Group for $45 million. So what does Sabres GM Kevyn Adams do this week? Berkshire Mall reopens, owner says hes working on redevelopment plans. 5:20-CV-04906 | 2020-10-05. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. [34][35] Ashtabula Towne Square and other properties was purchased for $10.2 million in February 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. The company also fails to give feedback to work done. 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. [8] The Orchards Mall, purchased in 2014, was sold to Durga LLC in late 2018. Today, the 86-acre property has just 17 tenants. 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. Store owners warned power could be shut off next week for nonpayment of electric bills", "Berkshire Mall to be sold to NY developer with eye on revival", "More tax trouble for Berkshire Mall, as owner misses another payment deadline", "Kohan Group buys 6 new properties in 2018 while owing back taxes on Mason City mall", "Eastland's new owner brings big promises, spotty record of mall redevelopment", "Prescott Gateway Mall sells to New York investment group, will include Hotshots museum", "New York investment firm buys Owensboro mall", "Examining Esplanade Mall future: New, controversial owner; future home to Kenner City Hall? That information was not received through National Grid. Indeed, some Kohan-owned malls have operated without incident. The mall was slated for demolition in 2012. Kohan, who also goes by other names, including Mehran Kohansieh, said the shutdown didnt include the Berkshire Mall Regal Cinemas 10 and Target store. But in repeated previous interviews he has said the retail industry is tough right now, and thats why his properties are struggling. [45] Prizm Outlets was purchased by Kohan at auction for $1.525 million in January 2021. [81][82] In August 2018, Kohan sued Clay, New York for a reduction in the Great Northern Mall's taxes, while owing $1.53 million to county government. [6] Kohan purchased the Jamestown Mall in 2009 for $3.3 million. On 08/02/2022 Jewell Sr filed a Civil Right - Employment Discrimination lawsuit against Kohan Retail Investment Group. [17] Washington Square Mall was purchased in April 2016 for $2.5 million. Public Records Policy. 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 But he doesnt want to tear down all or even portions of the mall. 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. If the debt is not paid, the property will head to auction in 2021, Weber said. Kohan had bought the property out of foreclosure, promising to pay $9 million in accumulated fines and taxes. Just an awful company, mall management is laughable as well. "I want to put this behind us and start working together to make the mall better," the mall's new owner said. [66] Lincoln Mall was demolished starting in May 2017. The bill was paid the day electric was to be shutoff. Berkshire Mall in Massachusetts repeatedly lost power over unpaid utility bills and was almost seized over missed tax payments. [84] Due to Kohan not paying Lycoming Mall's PPL electric bill, it lost power in late August 2018. [100] Kohan paid almost $300,000 in unpaid bills and fees to avoid the sheriff's sale. ANDRE KLASS -VS- KOHAN RETAIL INVESTMENT GROUP, ARNOLD LINK -VS- KOHAN RETAIL INVESTMENT GROUP LLC, SIORDIA vs MORENO VALLEY HALL HOLDING, LLC, ASTACIO v. AMCOR RIGID PACKAGING USA, LLC. Derek Gee SUBSCRIBE: $1 for 3 months ", "It's a strategic move to sell it," he added. [4], The Crossroads in Portage, Michigan was purchased by Kohan in January 2022 for $25 million. [72][73] Worthington won a court decision about the former Kmart in June 2014, and demolition began in February 2015. Performance Rating Act - 5 USC 4303, Jewell Sr. v. Kohan Retail Investment Group et al. 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 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. [12][66] Matteson, Illinois took over ownership in June 2014 and it closed in January 2015 after running out of money. Kohan Retail Investment Group employs 56 employees. The closing of the sale is to be finalized January 18th. The action comes as the owners, under Kohan Retail Investment Group, owe over $5 millions to the county as of February 28. More:Goodbye, Chapel Hill Mall. We have grave reservations, Hamburg town supervisor James Shaw told the court. Company is growing and there are always new changes that need to be made. Both have lost anchors and other important stores, have high vacancy rates and have seen a steep drop in traffic. [62] Santa Fe Place was acquired in January 2023. 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. But, for those trying, it has not been easy certainly not under current conditions. [79] VF Factory Outlet Mall closed in October 2017. New York-based shopping mall investment company Kohan Retail Investment Group has purchased the Wyoming Valley Mall in Wilkes-Barre Twp. 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. Community Rules apply to all content you upload or otherwise submit to this site. Keep reading with unlimited digital access. Hes very nice to work with on the phone. Others, however, have been engulfed in trouble, according to widespread news reports. [1][7] Staunton Mall was purchased from bankrupt First Republic Realty for $4.05 million in November 2010. 3:15-cv-05557-RS. for $17 million. Feb. 15HARLINGEN Valle Vista Mall, purchased by the Kohan Retail Investment Group in 2018, is back on the market. Onondaga County Executive Ryan McMahon is taking foreclosure action against Great Northern Mall owners in a new lawsuit. ), Age Discrimination in Employment Act (ADEA) - 29 USC 621-634 Last May, The Akron Beacon Journal reported Kohan had financial troubles at another property the Berkshire Mall in Massachusetts. (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). There was a problem saving your notification. [8] In April 2011, Warren Mall was sold by Zamias for $720,000, and in April 2016 was under the ownership of Cocca Development. The company has plans to redevelop the site with restaurants and hotels. Copyright 2022 WIBW. 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. A check written for an earlier payment had bounced. 2021-08-03, U.S. District Courts | Civil Right | 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. Get hyperlocal forecasts, radar and weather alerts. We are looking at nontraditional uses of that property, he said. I've been a business reporter for The News since 2008 and write the Discount Diva column, which appears in every Sunday's paper. 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. Maybe shoppers intended to browse and relax in free air-conditioning. [24] Prescott Gateway Mall was sold to Kohan for $8.8 million in February 2018, half of what the previous owners purchased it for. [1][5], Kohan bought Northland Mall from Developers Diversified Realty for $1.8 million in late December 2008. [22] Kohan purchased six malls in 2018 for $46 million. 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. Sign up for our newsletter to keep reading. And the pandemic hastened the already sweeping trend toward online shopping. 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 Hart Lyman company said a vacant mall was part of the agreement, but Kohan Retail Investment Group hasn't upheld their end. Slight chance of a rain shower. [15] Staunton Mall was sold for $4.5 million in March 2014. Douglas Development has similar plans for Boulevard Mall. The mall continues to lose tenants, even as it offers space for alternative uses, such as a martial arts studio and pet rescue. 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]. The phone electric bill, it lost power over unpaid utility bills fees... Had bounced properties was purchased by the Kohan Retail Investment Group et al Kohan almost! 4 ], the Crossroads in Portage, Michigan was purchased in April 2016 for 10.2. 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