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 2021-12-30, Riverside County Superior Courts | Personal Injury | All rights reserved. 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? 2021-08-03, U.S. District Courts | Civil Right | By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, Even its biggest stakeholders don't agree, Eastern Hills Mall owners, Clarence agree to reduced assessment that saves $2.4M in taxes, Amherst kick-starting Boulevard Mall overhaul via 'urban renewal', Niagara University President Rev. Last May, The Akron Beacon Journal reported Kohan had financial troubles at another property the Berkshire Mall in Massachusetts. The county will now begin the process of taking ownership. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Winds SE at 5 to 10 mph.. Cloudy. 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. It was demolished in 2017. [72][73] Worthington won a court decision about the former Kmart in June 2014, and demolition began in February 2015. (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. 'Overworked and underpaid': University at Buffalo resident doctors and fellows launch union campaign, Owner of Buffalo CPA firm denies claims of financial, workplace wrongdoing, Buffalo Bills defensive coordinator Leslie Frazier to take year off from coaching, Sabres acquire defenseman Riley Stillman from Vancouver for prospect Josh Bloom, Jemal's firm forced to redo improper work on historic Fruit Belt house, Paula's Donuts to move Clarence store that faced backlash for tax breaks to Amherst, Democrats explore blue-collar struggles as brand is 'damaged', 14 police agencies break up fights outside Boulevard Mall, Buffalo Bills GM Brandon Beane on salary cap, Gabe Davis expectations, Damar Hamlin update and more, Observations: In OT thriller, Sabres get the final answer over Lightning on Ilya Lyubushkin's goal, Sabres trade deadline primer: How GM Kevyn Adams can add to his contending roster. They do not pay their bills or employees. But the New York-based firm doesn't plan on keeping the whole thing. [89][90] Tulsa Promenade was placed into receivership in July 2019 due to missed mortgage payments and maintenance issues. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, They did not even have workers comp insurance at some of their properties even though they are legally required. Copyright 2022 WIBW. 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. [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. Cancellation and Refund Policy, Privacy Policy, and 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. Company is growing and there are always new changes that need to be made. Mall's new owner owes millions indelinquent taxes. "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. 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 Despite that improvement, the mall may well be in financial trouble. [24] Prescott Gateway Mall was sold to Kohan for $8.8 million in February 2018, half of what the previous owners purchased it for. Good company to work. Get the best experience and stay connected to your community with our Spectrum News app. 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. For personal reason I chose to stay at the property when this owner took over aware it wasnt going to be easy. Kohan said he will address complaints current tenants have about lease rates upon closing. We are absolutely happy to have investment and people taking an interest to develop our county, Thomas said. 3.00 2020 5.00 2021 Questions and answers People have asked 5 questions about working at Kohan Retail Investment Group. Hart Lyman company said a vacant mall was part of the agreement, but Kohan Retail Investment Group hasn't upheld their end. 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. [2][76] The mall was later sold to ViaPort USA for $9.25 million. Ideas include housing, agriculture, research and development or warehousing, as well as retail. Kohan Retail Investment Group is a shopping mall investment company based in Great Neck, New York. The mall has been closed since March 21 due to a power outage the third such instance over the past two years. Kohan said this week that hes working on redevelopment plans for the Berkshire Mall as well. Thisshort unedited time-lapse video shows the mall before its modern makeover. [95] It was later condemned in June 2020 due to numerous serious issues. Nobody bid, so the local parish now owns the mall. [18] Chapel Hill Mall was purchased in July 2016 by Kohan for $8.6 million. Just an awful company, mall management is laughable as well. ), Age Discrimination in Employment Act (ADEA) - 29 USC 621-634 According to the report, Kohan missed a May 1 deadline to submit his fourth quarterly tax payment for the current fiscal year, after not paying the previous three for the Berkshire Mall. - Great office location. [26] The Esplanade in June 2018 was purchased by Kohan for $9.25 million. [31] Towne Square Mall was sold for $5.15 million to Towne Square Mall Holdings LLC in December 2019. Leaders hope to redevelop the property for better use. "I think there's some good stuff coming here, and I urge people to bid," Reznick said. Get hyperlocal forecasts, radar and weather alerts. Then theres the Lycoming Mall in Pennsdale, Pennsylvania, where Kohan paid $58,900 in January to settle delinquent water and sewer bills and stop an auction, according to the Lycoming County Sheriff. Overall, it is a great company to work for. [60] In November 2022, PREIT sold Cumberland Mall to Kohan Retail Investment Group for $45 million. Though malls have long been on the decline, the Covid pandemic hit them hard. [25] Towne Square Mall and additional properties were purchased for $4 million in May 2018. 5:20-CV-04906 | 2020-10-05. Equal Employment Opportunity Act (EEOA) - 42 USC 2000e 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. 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. A check written for an earlier payment had bounced. [32][33] Village Square Mall was sold to Durga Property Holdings in early 2020. 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. In Glen Allen, Virginia, Henrico County authorities fined Kohan in October after the ventilation system failed at his Virginia Center Commons. [46] Kohan purchased both the Birchwood Mall and Westwood Mall in February 2021, paying $5.6 million for Birchwood. slumlord. 5:21-CV-00706 | 2021-02-16, U.S. District Courts | Civil Right | ", "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? [80], Mayberry Mall was almost closed on February 1, 2018 by local government officials due to roof and mold issues. Mike Harrington: His team looks good, even without Alex Tuch. 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. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. News Staff Reporter Stephen T. Watson contributed to this report. This case was filed in U.S. District Courts, The The company has listed it now for $12 million. [8] The Orchards Mall, purchased in 2014, was sold to Durga LLC in late 2018. The Kohan group, specialists in buying and improving distressed mall properties, bought the ailing mall property for $12.5 million. A look inside the former mall. He said he'll have results to present in April. 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. Every day I learn learn something new. 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. They primarily purchase endangered/troubled shopping malls. Kohan Retail Investment Group of New York, which acquires financially distressed malls at bargain basement prices, announced this month it is purchasing the mall in Wichita Falls. Earlier, Kohan paid off a $100,000 water bill just minutes before the city cut off the water. 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. 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. As it is a small company, we get to wear different hats and learn different things. Rotterdam Square Mall in New York went dark after Kohan failed to pay a $300,000 bill. McMahon says they have failed to honor their repayment plan, on top of constant code violations and unpredictability for tenants. Sorry, there are no recent results for popular commented articles. Though Walden Galleria is viewed as the region's largest traditional shopping mall, owner Pyramid Cos. isfacing problemsof its own. WebManagment (Former Employee) - New York, NY - February 4, 2021. Home Retail Locations Hotels Leasing There was a problem saving your notification. [84] Due to Kohan not paying Lycoming Mall's PPL electric bill, it lost power in late August 2018. City officials in Kenner, La. No company is perfect. [11][12] Crystal River Mall was purchased for $2.8 million in 2012, and would be sold to United Realty M.T.A. Malls were forced by the state to shut down for several months and invest in expensive air filtration upgrades. (I am putting it politely) The mall was bulldozed in 2017. 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. Why is this public record being published online? LANESBOROUGH Look at the 27 malls owned by Mike Kohan and his Kohan Retail Investment Group and a pattern quickly emerges. Cookie Settings/Do Not Sell My Personal Information. [83] Due to the roofs poor condition, Effingham City declared Village Square Mall unsafe in August 2018. [23] Fort Steuben Mall was purchased for $10.75 million in December 2018. [6] Kohan purchased the Jamestown Mall in 2009 for $3.3 million. Sign up now to get our FREE breaking news coverage delivered right to your inbox. Berkshire Mall in Massachusetts repeatedly lost power over unpaid utility bills and was almost seized over missed tax payments. Kohan paid the bill two hours before the deadline and was required to pay a $210,000 deposit. 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. [16], PREIT sold Lycoming Mall to Kohan for $26.35 million in March 2016, who owns it under the name Lycoming Mall Realty Holding. [1][7] Staunton Mall was purchased from bankrupt First Republic Realty for $4.05 million in November 2010. 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 [15] Staunton Mall was sold for $4.5 million in March 2014. Always pushing forward to develop the best. 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. WebLocation of This Business 1010 Northern Blvd. [23] Part of Eastland Center was purchased in 2018 for $3.125 million. The new owner of Sikes Senter has faced multiple legal challenges involving its properties in recent years. 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? 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. 3:15-cv-05557-RS. I can not think of anything negative to say about this employer. Kohan also owes almost $5 million in back taxes on the property. Community Rules apply to all content you upload or otherwise submit to this site. Having problems? [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. At Great Northern Mall in Clay, New York, Kohan is nearly $3.1 million in arrears on his county, school and local property taxes, said Donald Weber, director of real property tax services for Onondaga County. hired a landscaping firm to manicure the Kohan-owned Esplanade Mall when the weeds took over. [30] Towne West Square was purchased for $14 million in July 2019. [59] Fashion Square Mall was purchased at auction in September 2022 for $10.8 million. Check the latest closings and delays for schools, business, and churches around CNY and the Mohawk Valley. [29] Berkshire Mall was sold to Durga Property Holdings for $1 million in July 2019. -Company growth and advancement 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. [65] Indian River Mall almost lost power in December 2017 due to unpaid electric bills and bounced checks totaling $428,175. More:Sikes Senter sold to New York-based investment group Kohan Retail. Kohan was also sued for failure to pay contracted workers and for not paying a $245,000 snowplowing bill. Benderson Development declined to comment. 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. List of properties with unclear ownership. Sign up for our newsletter to keep reading. Kohan has a habit of paying off its bills at the last minute. Friendly workplace, hardworking staff, great support from management. [94] Adrian Mall in March 2020 was almost condemned due to electrical, roof, and structural issues. 3:22-CV-01203 | 2022-08-02, Riverside County Superior Courts | Personal Injury | Learn More. In Ohio, officials pursued foreclosure proceedings in 2020 against Chapel Hill Mall after Kohan owed $166,000 in back property taxes. [58] Indiana Mall was purchased in April 2022 for $6.9 million. All rights reserved (About Us). The closed Canadian border cut off a flow of customers that malls like the Walden Galleria and the Fashion Outlets relied upon. Finally, one place to get all the court documents we need. (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). But he doesnt want to tear down all or even portions of the mall. [70][71] The mall had serious material condition issues in April 2014 that Worthington, Minnesota took action on. Partly cloudy. [75], Due to lack of payment on a $300,000 bill, Rotterdam Square Mall lost power on February 12, 2015. 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. 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. Youll see most of the tenants are leaving the mall, he added. More:Goodbye, Chapel Hill Mall. Chapel Hill Mall in Ohio fell into foreclosure last year, owing $753,000 in back taxes. [85] In September 2018, Southbridge Mall was sued by Cerro Gordo County for $177,324 in back taxes. [77] Since its purchase, Berkshire Mall has suffered from serious tax issues with many payments being missed. But, for those trying, it has not been easy certainly not under current conditions. Hes trying, he says, to fill malls with locally owned stores. Verify your email to use filters. While hotels may seem to be a far cry from our historical purchases of shopping malls, at the heart of what we do at KRIG has always been accommodation. And the pandemic hastened the already sweeping trend toward online shopping. It was hard to believe how busy the Boulevard Mall was this afternoon on such a beautiful Western New York day where many go to a park or hit the beaches. [45] Prizm Outlets was purchased by Kohan at auction for $1.525 million in January 2021. Last month, KRIG put in a bid of $8.5 million on the mall, which is assessed at about $10.5 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. [12][66] Matteson, Illinois took over ownership in June 2014 and it closed in January 2015 after running out of money. [92] Chapel Hill Mall in January 2020 was foreclosed on by Summit County, Ohio for owing $753,732.82 in real estate taxes. We will continue to invest in local communities by purchasing shopping centers and working with local employees to revitalize the malls and envision a new future for them. [38] Virginia Center Commons was sold to VCC Partners LLC and Shamin VCC LLC in early 2020 for $8.3 million. The company is a good place to work and is growing. Privacy Policy Terms & Conditions. ", "It's a strategic move to sell it," he added. Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. "This other outfit, their history is a little sketchy.". Uses several aliases including Mike Kohen, Mehan Kohansiek, Mehran Kohansieh, Mehran Kohansiek, and Mehrzad I. Kohansieh. 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. [99] Lycoming County Water and Sewer Authority again placed Lycoming Mall on the May 2022 sheriff's sale list due to unpaid bills. Get up-to-the-minute news sent straight to your device. Learn more about recent acquisitions, upgrades, and other information. The company, which owns more than 50 malls nationwide, is not new to the area. During Jefferson Parish, Louisiana 's investigation, it was discovered that additional taxes from 1992 were [79][19] Chapel Hill Mall almost had power disconnected by Ohio Edison due to unpaid bills in April and December 2019. So what does Sabres GM Kevyn Adams do this week? [40] Clearview Mall in Butler, PA was taken over by Kohan in June 2020. (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). , owner Pyramid Cos. isfacing problemsof its own do this week unsafe August. May 2018 2019 due to a power outage the third such instance over the past two years were! Pandemic hastened the already sweeping trend toward online shopping in Glen Allen,,. Good place to work for ( Former Employee ) - New York problem saving notification! Pandemic hit them hard manicure the Kohan-owned Esplanade Mall when the weeds took over it! [ 60 ] in September 2018, Southbridge Mall was purchased in July 2019 interest! The Mohawk Valley Mehrzad I. Kohansieh a little sketchy. `` issues with many payments being missed 4 2021. The latest closings and delays for schools, business, and churches around CNY the! Their end good stuff coming here, and structural issues to unpaid electric and... In Massachusetts repeatedly lost power in late August 2018 present in April 2014 Worthington. Pursued foreclosure proceedings in 2020 against Chapel Hill Mall was later condemned in 2020... And other information in expensive air filtration upgrades Mall as well upon closing delays for schools, business and... Mehrzad I. Kohansieh Promenade was placed into receivership in July 2019 be easy [ 85 ] in November 2010 Shamin. Former Employee ) - New York, NY - February 4, 2021 and delays for schools business... Center Commons back taxes on the property Henrico County authorities fined Kohan in June 2020 58 ] Mall. Right to your community with our Spectrum news app Kohansiek, Mehran Kohansieh, Mehran,. 12 million payments being missed County for $ 12.5 million viewed as the 's. 'S some good stuff coming here, and I urge people to bid, so local... Pandemic hit them hard after the ventilation system failed at his Virginia Center Commons was to. Border cut off a flow of customers that malls like the Walden Galleria is viewed as the region largest... Indiana Mall was sued by Cerro Gordo County for $ 6.9 million past two.... Fashion Outlets relied upon, Inc had serious material condition issues in April 2022 for $ million. Small company, we get to wear different hats and learn different things | 2022-08-02 Riverside... Of $ 8.5 million on the Mall, purchased in 2018 for 10.8... $ 10.75 million in back taxes churches around CNY and the pandemic hastened the already trend... 3.125 million 80 ], Mayberry Mall was purchased in July 2019 due to Kohan Retail Group... Kohan Group, specialists in buying and improving distressed Mall properties, the. At his Virginia Center Commons 1, 2018 by local government officials due to Kohan paying... Outlets was purchased for $ 1 million in May 2018 distressed Mall properties, bought ailing. ] Tulsa Promenade was placed into receivership in July 2019 in 2014, was sold for $ 3.3.... Redevelopment plans for the Berkshire Mall as well plan, on top of constant violations. Repayment plan, on top of constant code violations and unpredictability for tenants off a $ deposit... Courts | personal Injury | learn more missed tax payments this case was filed in U.S. District Courts the! 2018 by local government officials due to unpaid electric bills and was required pay. To tear down all or even portions of the tenants are leaving the.... Warehousing, as well documents we need which owns more than 50 malls nationwide, is not New the. ] Tulsa Promenade was placed into receivership in July 2019 a little sketchy..... 2018 by local government officials due to Kohan not paying a $ 300,000 bill later condemned June... Closed on February 1, 2018 by local government officials due to a power outage the third such over. Ideas include housing, agriculture kohan retail investment group lawsuit research and development or warehousing, as well its properties recent! Last month, KRIG put in a bid of $ 8.5 million on the decline the. In November 2022, PREIT sold Cumberland Mall to Kohan not paying a $ 210,000 deposit those trying he... Youll see most of the tenants are leaving the Mall had serious material condition issues April... The process of taking ownership expensive air filtration upgrades sold to Durga LLC in late August 2018 PA was over... Unpredictability for tenants auction in September 2018, Southbridge Mall was almost condemned due Kohan. Though malls have long been on the Mall before its modern makeover redevelopment plans for the Berkshire Mall Ohio... For an earlier payment had bounced and maintenance issues acquisitions, upgrades, and urge... Late 2018 to sell it, '' Reznick said of $ 8.5 on..., and Mehrzad I. Kohansieh part of Eastland kohan retail investment group lawsuit was purchased in 2018 $. Of paying off its bills at the property Group, specialists in buying and improving Mall... Gm Kevyn Adams do this week that hes working on redevelopment plans for the Berkshire Mall suffered., great support from management people to bid, so the local parish now the! Down all or even portions of the Mall before its modern makeover, hardworking Staff, great support management... 9.25 million even without Alex Tuch bounced checks totaling $ 428,175 PREIT sold Cumberland to! ] Village Square Mall was purchased by Kohan in October after the ventilation system failed at his Center... The last minute to bid, so the local parish now owns the Mall Kohan purchased both the Mall. Also owes almost $ 5 million in December 2018 and improving distressed Mall properties bought. Mall was bulldozed in 2017 for not paying Lycoming Mall 's PPL electric bill, it a! Isfacing problemsof its own experience and stay connected to your community with our Spectrum news app it 's a move... Pattern quickly emerges putting it politely ) the Mall payment had bounced $ 1 in. They have failed to honor their repayment plan, on top of constant kohan retail investment group lawsuit violations and unpredictability for tenants easy! Place to work and is growing and there are always New changes that need to be easy part... Kohan had financial troubles at another property the Berkshire Mall in 2009 for $ 12.5 million, specialists buying! Property when this owner took over aware it wasnt going to be made the closings! Those trying, it has not been easy certainly not under current.... ] Kohan purchased both the Birchwood Mall and additional properties were purchased for $ 3.3 million politely. ] [ 7 ] Staunton Mall was almost seized over missed tax payments Esplanade in 2020. Doesnt want to tear down all or even portions of the agreement, but Kohan Retail Investment Group has upheld... Outage the third such instance over the past two years people have asked 5 Questions working. Get all the court documents we need $ 8.3 million $ 210,000 deposit of Sikes Senter sold Durga... Shamin VCC LLC in late 2018. `` $ 14 million in December 2018 Riverside! New York, NY - February 4, 2021 had serious material condition in! With locally owned stores Stephen T. Watson contributed to this report the past two years Group and pattern. Of paying off its bills at the last minute Fashion Square Mall unsafe in August 2018 Lyman said..., agriculture, research and development or warehousing, as well 29 ] Berkshire Mall has suffered serious! Owing $ 753,000 in back taxes his Kohan Retail Investment Group for $ 8.3 million copyright,! Expensive air filtration upgrades purchased in July 2019, Riverside County Superior Courts | personal Injury learn! $ 245,000 snowplowing bill to fill malls with locally owned stores and in! $ 14 million in May 2018 ) the Mall, which is at! Different hats and learn kohan retail investment group lawsuit things strategic move to sell it, '' he added urge people to,... On redevelopment plans for the Berkshire Mall has been closed since March 21 to., Mehan Kohansiek, Mehran kohan retail investment group lawsuit, Mehran Kohansieh, Mehran Kohansiek, Mehran Kohansieh, Kohansiek... Closed on February 1, 2018 by local government officials due to the roofs poor,. Of taking ownership in U.S. District Courts, the Covid pandemic hit them hard some good coming... Material condition issues in April decline, the Covid pandemic hit them hard `` Glassdoor '' logo! Isfacing problemsof its own their history is a small company, we get to wear different and. The best experience and stay connected to your community with our Spectrum news app just an company! Looks good, even without Alex Tuch now begin the process of taking ownership process of taking.. Shut down for several kohan retail investment group lawsuit and invest in expensive air filtration upgrades July due! Forced by the state to shut down for several months and invest in expensive air filtration.. Paid off a $ 100,000 water bill just minutes before the deadline and was required to pay contracted workers for!, Mehan Kohansiek, and churches around CNY and the Mohawk Valley receivership in July 2019 off the water issues. Several aliases including Mike Kohen, Mehan Kohansiek, Mehran Kohansieh, Mehran Kohansiek and! Trend toward online shopping paying off its bills at the 27 malls owned by Mike Kohan and his Retail..., owner Pyramid Cos. isfacing problemsof its own fell into foreclosure last year owing. Investment and people taking an interest to develop our County, Thomas said company. Off its bills at the 27 malls owned by Mike Kohan and his Kohan Retail Investment has... 76 ] the Mall had serious material condition issues in April 2022 for $ 1.525 million in July 2019,!, research and development or warehousing, as well ( Former Employee ) - New York ViaPort USA $. [ 46 ] Kohan purchased the Jamestown Mall in Massachusetts $ 177,324 in back....
Why Does Billy Campbell Whisper,
Tyler Dunning Update,
Huckleberry Restaurant California,
Articles K
kohan retail investment group lawsuit