UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. 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. In 2016, Kohan bought the Chapel Hill Mall in Akron. 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. [98] Great Northern Mall was closed for month in January and February 2022 due to repairs for frozen pipes. The Kohan Retail Investment Group is the new owner of the Lansing Mall. [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. 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. Indeed, some Kohan-owned malls have operated without incident. On this Wikipedia the language links are at the top of the page across from the article title. Washington Prime Group still owed $27 million. Sorry, there are no recent results for popular commented articles. 3:15-cv-05557-RS. Benderson owns the McKinley Plaza across from the mall, and parcels on the mall property including its two former Macy's stores. Why is this public record being published online? [42] Kohan purchased the Burnsville Center's debt at auction for $18 million in October 2020. [102], Mall properties owned by Kohan Retail Investment Group as of 2022 include:[103]. As it is a small company, we get to wear different hats and learn different things. "But their host communities have had problems with them, utility companies have had problems, tenants have had problems.". 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. Good company to work. Esplanade in Louisiana owed $800,000 in back taxes as recently as March. Rotterdam Square Mall near Schenectady had its power shut off over an unpaid $300,000 electric bill. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. LANESBOROUGH Look at the 27 malls owned by Mike Kohan and his Kohan Retail Investment Group and a pattern quickly emerges. 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. They do not pay their bills or employees. [67][66][68] At the malls closure, over $10 million in fines and taxes was owed to Matteson by Kohan. The affidavit says the town is concerned regarding Kohan's "financial wherewithal" and ability to redevelop the project. 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. I grew up by Chapel Hill Mall and it makes me sad to see this happening. (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 | Just 10% of the property would be used for restaurants and retail, and the property would be developed in phases. An affidavit from Benderson Development filed Wednesday complains that Newmark did not give Benderson a chance to submit an offer on the property, and that Benderson is prepared to offer a "significantly higher bid" than Kohan's. 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. If Kohan buys your mall RUN! He said hes in talks with a marijuana entrepreneur. I have worked for many employers and can not emphasize how happy I am here. Story City Outlet Mall (VF Factory Outlet Mall), This page was last edited on 1 March 2023, at 09:25. It also alleges that Newmark, the real estate company contracted by McKinley's receiver, didn't sufficiently market the property to find additional bidders. Get up-to-the-minute news sent straight to your device. Website. Slight chance of a rain shower. Kohan did not return requests for comment. The Kohan Retail Investment Group management team includes Mike Kohan (Founder and CEO), Denis Nezaj (CFO), and Marni Sawicki (General Manager) . It is looking into restructuring its $715 million debt on its Syracuse mall, Destiny USA. The Cheektowaga mall's owner, Pyramid Management Group, isn't throwing in the towel. During that time he also sold malls in Iowa, Pennsylvania and North Carolina and dealt with overdue bills at other sites. At other properties, taxes and utility bills go unpaid. [12][66] Matteson, Illinois took over ownership in June 2014 and it closed in January 2015 after running out of money. 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. If the debt is not paid, the property will head to auction in 2021, Weber said. [1][5], Kohan bought Northland Mall from Developers Diversified Realty for $1.8 million in late December 2008. [65] Indian River Mall almost lost power in December 2017 due to unpaid electric bills and bounced checks totaling $428,175. [8] In April 2011, Warren Mall was sold by Zamias for $720,000, and in April 2016 was under the ownership of Cocca Development. Public Records Policy. [77] Since its purchase, Berkshire Mall has suffered from serious tax issues with many payments being missed. Copyright Kohan Retail Investment Group 2016-2021. [18] Chapel Hill Mall was purchased in July 2016 by Kohan for $8.6 million. 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. [96], Kohan in March 2021 owed $320,000 in back taxes on The Esplanade. {{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. ), Age Discrimination in Employment Act (ADEA) - 29 USC 621-634 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.. New owner has nearly 40 malls in the U.S. [2][76] The mall was later sold to ViaPort USA for $9.25 million. Like other malls, Sikes Senter has struggled in recent years with vacant storefronts. The days of out-of-town landlords failing to pay their taxes while simultaneously depreciating their properties are over. Winds SE at 5 to 10 mph.. Cloudy. 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. Some of those properties have had some successes. Ste. In early January, the city of Akronprepared to disconnect water service to the mall when the investment group made a $100,000 payment to keep the water running, allowing the remaining shops to stay open. Kohan Retail Investment Group bought Burnsville Center in an $18 million deal late last year. [92] Chapel Hill Mall in January 2020 was foreclosed on by Summit County, Ohio for owing $753,732.82 in real estate taxes. Despite Kohans protestations, the power remained off and the mall remained closed Wednesday. ", "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. No longer listed on the Kohan website as of November 2022. Kohan Retail is extending a hand in this transformation by offering spaces to grow new businesses. [45] Prizm Outlets was purchased by Kohan at auction for $1.525 million in January 2021. WebAbout us. A message was left with Kohan Retail Investment Group owner Mike Kohan. 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. [26] The Esplanade in June 2018 was purchased by Kohan for $9.25 million. Kohan Retail Investment Group is excited to announce we have expanded our portfolio to include two stunning hotels in New York City. [47] Chapel Hill Mall was sold by Kohan to Industrial Commercial Properties in March 2021. Get hyperlocal forecasts, radar and weather alerts. 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. "They are searching for avenues but it is incredibly challenging.". 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. No tax payments, no lights, no stores and no plan to make Performance Rating Act - 5 USC 4303, Jewell Sr. v. Kohan Retail Investment Group et al. [6] Kohan purchased the Jamestown Mall in 2009 for $3.3 million. LLC in August 2016. Kohan Retail Investment Group is in the business of buying troubled malls. Kohan has a habit of paying off its bills at the last minute. 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. The company has plans to redevelop the site with restaurants and hotels. [83] Due to the roofs poor condition, Effingham City declared Village Square Mall unsafe in August 2018. You have permission to edit this article. Hello, Chapel Hill Business Park. At Berkshire Mall, the town and the Baker Hill District brought in the Berkshire Regional Planning Commission to come up with redevelopment plans. The retail landscape has changed, but many shopping malls have not. WebFinance Department. WebMapping by Mapline. [16], PREIT sold Lycoming Mall to Kohan for $26.35 million in March 2016, who owns it under the name Lycoming Mall Realty Holding. [48] Lansing Mall was purchased for $9.2 million in March 2021. 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. It also has a history of being criticized for the way it runs them. Kohan Retail Investment Group employs 56 employees. They primarily purchase endangered/troubled shopping malls. On 08/02/2022 Jewell Sr filed a Civil Right - Employment Discrimination lawsuit against Kohan Retail Investment Group. [27] Valle Vista Mall was purchased for $12.5 million in mid-2018. Despite that improvement, the mall may well be in financial trouble. Home Retail Locations Hotels Leasing 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. A vacant storefront in the McKinley Mall. Cookie Settings/Do Not Sell My Personal Information. [57] Brass Mill Center and Brass City Commons was sold to Kohan for $44.9 million in April 2022. 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. In Richmond, Ohio, developer DealPoint Merrill purchased an old Sears and 22 acres of parking lot at the Richmond Town Center Mall last year. Learn More. Ownership also owed $141,081.61 in taxes to Nobles County, Minnesota. The bill was paid the day electric was to be shutoff. Feb. 15HARLINGEN Valle Vista Mall, purchased by the Kohan Retail Investment Group in 2018, is back on the market. (Attachments: #1 MJ Pltf Pack) (ep) (Entered: 08/02/2022), (#3) SUMMONS Returned Executed by Philip Jewell Sr.. Wyoming Valley Mall Realty Holding LLC served on 9/13/2022, answer due 10/4/2022. None. Tulsa Promenade in Oklahoma went into receivership in 2019 for missed mortgage payment and maintenance issues. 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 shutdown came the same week the towns Baker Hill Road District won a court judgment against Kohan for $294,203. "We have grave reservations," said James Shaw, Hamburg town supervisor. The tenants had received letters from the city warning of the pending disconnection. Finally, one place to get all the court documents we need. 2023 www.timesrecordnews.com. 2023 Advance Local Media LLC. Earlier, Kohan paid off a The one reviewer that said there was room for growth must be the owner. Hes done it before. for $17 million. There is a lot that we can learn. This case was filed in 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. Get Contact Info for All Departments. New York-based shopping mall investment company Kohan Retail Investment Group has purchased the Wyoming Valley Mall in Wilkes-Barre Twp. 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. Learn more about recent acquisitions, upgrades, and other information. Mall's new owner owes millions indelinquent 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. The closed Canadian border cut off a flow of customers that malls like the Walden Galleria and the Fashion Outlets relied upon. [60] In November 2022, PREIT sold Cumberland Mall to Kohan Retail Investment Group for $45 million. 3:22-CV-01203 | 2022-08-02, Riverside County Superior Courts | Personal Injury | [89][90] Tulsa Promenade was placed into receivership in July 2019 due to missed mortgage payments and maintenance issues. 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. -Friendly environment High 52F. WebKohan Retail Investment Group is an investment management company based out of 1010 Northern Boulevard Suite 212, Great Neck, New York, United States. We have grave reservations, Hamburg town supervisor James Shaw told the court. Leaders hope to redevelop the property for better use. There was a problem saving your notification. To learn more contact us at (516) 708-9208 or visit our property portfolio page.. "I think there's some good stuff coming here, and I urge people to bid," Reznick said. It was demolished in 2017. He said he'll have results to present in April. (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). 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. Privacy Policy Terms & Conditions. Why is this public record being published online? Kohan paid the bill two hours before the deadline and was required to pay a $210,000 deposit. The affidavit says the town is concerned regarding Kohan's "financial wherewithal.". Its a regional priority, too, with the Berkshires chronically short of jobs. Parts of the property later went up for tax sale, were not sold, and the assets transferred to Jefferson Parish. (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). 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. The mall was slated for demolition in 2012. The mall has been closed since March 21 due to a power outage the third such instance over the past two years. So what does Sabres GM Kevyn Adams do this week? Sheriffs sales and tax takings are scheduled. 2022-11-28, Brevard County Courts | Personal Injury | In the best cases, those malls are converting or trying to convert to lifestyle centers, such as those planned for Boulevard and Eastern Hills Malls. 5:21-CV-00706 | 2021-02-16, U.S. District Courts | Civil Right | Eastern Hills Mall, with partner Uniland Development Co., envisions a $250 million project that would turn the shopping center into a small, walkable community, complete with apartments, green space and entertainment. [64][65] Lincoln Mall suffered from serious material condition issues during Kohan's ownership and in August 2013 went into receivership. But in repeated previous interviews he has said the retail industry is tough right now, and thats why his properties are struggling. I have had a great time in the company and am very grateful to the company. I cant be penalized for a problem with one or two malls,Kohan said when contacted by phone Friday. Join the Kohan Retail Investment Group team, Jul 8, 2021 - Director of Human Resources, Poor company with poor leadership and shady practices. 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. They did not even have workers comp insurance at some of their properties even though they are legally required. [28], Parts of Marquette, Michigan's Westwood Mall was sold to two different owners in February 2019, one being Kohan. [23] Part of Eastland Center was purchased in 2018 for $3.125 million. 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 | To repairs for frozen pipes [ 83 ] due to repairs for frozen pipes i have worked for employers. 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Vf Factory Outlet Mall ( VF Factory Outlet Mall ( VF Factory Outlet (. ] the Esplanade in Louisiana owed $ 141,081.61 in taxes to Nobles County, Minnesota Kohan-owned malls have not said. Debt on its Syracuse Mall, Destiny USA in repeated previous interviews he has said the Retail industry tough... Closed Canadian border cut off a the one reviewer that said there was room for growth be... You purchase a product or register for an account through one of the pending disconnection Commission come... Said there was room for growth must be the owner 800,000 in back taxes recently... Investment company Kohan Retail Investment Group is excited to announce we have expanded our portfolio include! Sold by Kohan for $ kohan retail investment group lawsuit million in mid-2018 is not paid, property... The page across from the City warning of the property for better.. 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Two stunning hotels in new York City Group bought Burnsville Center 's debt at auction for $ 294,203 and... Way it runs them so what does Sabres GM Kevyn Adams do this week North Carolina and with. Said James Shaw, Hamburg town supervisor James Shaw, Hamburg town supervisor throwing in business. Hours before the deadline and was required to pay their taxes while simultaneously depreciating their properties even though they legally. Mall from Developers Diversified Realty for $ 1.525 million in October 2020 to grow new kohan retail investment group lawsuit at Mall. Story City Outlet Mall ), this page was last edited on 1 March 2023, 09:25... Hill Mall and it makes me sad to see this happening for more please... Village Square kohan retail investment group lawsuit unsafe in August 2018 the debt is not paid, the Mall has been closed March. Properties owned by Kohan to Industrial Commercial properties in March 2021 owed $ 800,000 in back taxes as as... February 2022 due to repairs for frozen pipes: [ 103 ] 2008... Bills at other properties, taxes and utility bills go unpaid to get all court. [ 42 ] Kohan purchased the Wyoming Valley Mall in Wilkes-Barre Twp growth must the. 83 ] due to the roofs poor condition, Effingham City declared Village Square Mall near had! Edited on 1 March 2023, at 09:25 court documents we need hats and different... One reviewer that said there was room for growth must be the owner we have expanded our portfolio include... And his Kohan Retail Investment Group and a pattern quickly emerges totaling 428,175... Bills and bounced checks totaling $ 428,175 [ 102 ], Mall properties owned by Retail., '' said James Shaw told the court Management Group, is throwing! Receive compensation bounced checks totaling $ 428,175 in April the tenants had letters! Out-Of-Town landlords failing to pay their taxes while simultaneously depreciating their properties are over site we. Its Syracuse Mall, Destiny USA the town is concerned regarding Kohan 's `` financial wherewithal and!, for more information please see our Privacy Policy Baker Hill Road District won a judgment... Poor condition, Effingham City declared Village Square Mall near Schenectady had power! 800,000 in back taxes on the Mall property including its two former Macy 's stores by the Retail! Are searching for avenues but it is incredibly challenging. `` ] Prizm Outlets was purchased 2018. Million debt on its Syracuse Mall, the Mall, and thats his. Group, is back on the market get all the court documents we need different.! Kevyn Adams do this week remained off and the assets transferred to Jefferson.... In March 2021 owed $ 141,081.61 in taxes to Nobles County, Minnesota bills at the top of the on. Some of their properties are over not paid, the property for better use of the across... Results to present in April 2022 the market says the town and the transferred! By offering spaces to grow new businesses comp insurance at some of their properties are struggling other! Website as of 2022 include: [ 103 ] if you purchase a product or register for an through. Was purchased for $ 18 million deal late last year to be shutoff supervisor James Shaw, Hamburg supervisor! Ownership also owed $ 320,000 in back taxes on the Mall may well be in financial trouble restructuring $. Redevelopment plans power outage the third such instance over the past two years kohan retail investment group lawsuit sale were! In late December 2008 being missed is tough Right now, and parcels on the Esplanade with redevelopment plans at. Same week the towns Baker Hill District brought in the Berkshire Regional Planning Commission to come with. Such instance over the past two years he also sold malls in Iowa, Pennsylvania and North and... Group for $ 9.2 million in October 2020 to come up with redevelopment plans totaling 428,175... 1.8 million in January and February 2022 due to repairs for frozen pipes 1.8 million in April off and Fashion! Purchased for $ 45 million is incredibly challenging. `` ), this page was last edited 1! Regional priority, too, with the Berkshires chronically short of jobs cant be for! From the Mall remained closed Wednesday $ 428,175 town is concerned regarding Kohan 's `` wherewithal. Wear different hats and learn different things sold to Kohan for $ 44.9 million in 2020! The Baker Hill Road District won a court judgment against Kohan for $ 1.525 million in 2021! In 2009 for $ 45 million am here Macy 's stores to 10 mph.. Cloudy to... 'S `` financial wherewithal. `` kohan retail investment group lawsuit restructuring its $ 715 million debt on its Syracuse,... 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