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Wikipedia

Kohan Retail Investment Group

May 08, 2024

Kohan Retail Investment Group is a shopping mall investment company based in Great Neck, New York. They specialize in malls and retail spaces as well as hotels.[5]

Kohan Retail Investment Group
Company typePrivate
IndustryRetail, real estate
FounderMike Kohan[1][2][3][n 1]
Headquarters
Great Neck, New York[4]
,
United States
ProductsShopping malls

History edit

Kohan bought Northland Mall from Developers Diversified Realty for $1.8 million in late December 2008.[6] Kohan purchased the Jamestown Mall in 2009 for $3.3 million.[1][7] Staunton Mall was purchased from bankrupt First Republic Realty for $4.05 million in November 2010.[8] In April 2011, Warren Mall was sold by Zamias for $720,000, and in April 2016 was under the ownership of Cocca Development.[9][10] Lincoln Mall was purchased during foreclosure for $150,000 in June 2012, with millions owed in fines and taxes from its previous owners.[11][12] Crystal River Mall was purchased for $2.8 million in 2012, and would be sold to United Realty M.T.A. LLC in August 2016.[13] Tiffin Mall, purchased in 2012, was later sold to Key Hotel and Property Management in 2016 for $2.2 million.[14] Macerich sold Rotterdam Square Mall to Kohan for $8.5 million on January 15, 2014.[15] 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.[16] Staunton Mall was sold for $4.5 million in March 2014.[8] The Orchards Mall, purchased in 2014, was sold to Durga LLC in late 2018.[17]

PREIT sold Lycoming Mall to Kohan for $26.35 million in March 2016, who owns it under the name Lycoming Mall Realty Holding.[18] Washington Square Mall was purchased in April 2016 for $2.5 million.[19] Chapel Hill Mall was purchased in July 2016 by Kohan for $8.6 million.[20] Southbridge Mall during its tax sale was purchased by Kohan for $1.5 million in September 2016.[3] Also in September 2016, Kohan purchased Berkshire Mall for $3.5 million.[21][22] Richmond Town Square was purchased for $7.25 million in November 2016.[23] Kohan purchased six malls in 2018 for $46 million.[24] Part of Eastland Center was purchased in 2018 for $3.125 million.[25] Prescott Gateway Mall was sold to Kohan for $8.8 million in February 2018, half of what the previous owners purchased it for.[26] Towne Square Mall and additional properties were purchased for $4 million in May 2018.[27] The Esplanade in June 2018 was purchased by Kohan for $9.25 million.[28] Valle Vista Mall was purchased for $12.5 million in mid-2018.[24] Fort Steuben Mall was purchased for $10.75 million in December 2018.[29]

Parts of Marquette, Michigan's Westwood Mall was sold to two different owners in February 2019, one being Kohan.[30] Berkshire Mall was sold to Durga Property Holdings for $1 million in July 2019.[31] Towne West Square was purchased for $14 million in July 2019.[32] Towne Square Mall was sold for $5.15 million to Towne Square Mall Holdings LLC in December 2019.[33][34] Village Square Mall was sold to Durga Property Holdings in early 2020.[35][36] Ashtabula Towne Square and other properties was purchased for $10.2 million in February 2020.[37][38] Ownership of the Seminole Towne Center was transferred to Kohan in March 2020.[39] Virginia Center Commons was sold to VCC Partners LLC and Shamin VCC LLC in early 2020 for $8.3 million.[40] Kohan later sold another Virginia Center Commons anchor building for $4.1 million to Impact Investments Group LLC in April 2020.[41] Clearview Mall in Butler, PA was taken over by Kohan in June 2020.[42] Findlay Village Mall was sold to Kohan for $4 million in September 2020.[43] Kohan purchased the Burnsville Center's debt at auction for $18 million in October 2020.[44]

The Outlets of Little Rock were purchased for $10 million in January 2021.[45] Central Mall Lawton was sold to Lawton, Oklahoma for $14.6 million in January 2021.[46] Prizm Outlets was purchased by Kohan at auction for $1.525 million in January 2021.[47] Kohan purchased both the Birchwood Mall and Westwood Mall in February 2021, paying $5.6 million for Birchwood.[48] Chapel Hill Mall was sold by Kohan to Industrial Commercial Properties in March 2021.[49] Lansing Mall was purchased for $9.2 million in March 2021.[50] Oak View Mall was purchased for $7.5 million in April 2021.[51] McKinley Mall was sold to Kohan for $8.5 million in July 2021 despite protests from local business and government about the sale price.[52] Wyoming Valley Mall was sold to Kohan for $17 million in August 2021.[53] Kohan purchased the Triangle Town Center for $33.25 million in November 2021.[54] Montgomery Mall while in foreclosure was purchased for $55 million in November 2021.[4]

The Crossroads in Portage, Michigan was purchased by Kohan in January 2022 for $25 million.[55] NorthTown Mall was purchased for $49 million in February 2022.[56] Part of the Burnsville Center was sold to Pacific Square Burnsville LLC for $10.6 million in February 2022.[57] Fort Steuben Mall was sold by Kohan to Brookwood Capital in February 2022.[58] Brass Mill Center and Brass City Commons was sold to Kohan for $44.9 million in April 2022.[59] Indiana Mall was purchased in April 2022 for $6.9 million.[60] Fashion Square Mall was purchased at auction in September 2022 for $10.8 million.[61] In November 2022, PREIT sold Cumberland Mall to Kohan Retail Investment Group for $45 million.[62] The Mall at Robinson was purchased for $46 million from QIC in November 2022.[63] Santa Fe Place was acquired in January 2023.[64] In March 2023, Fairlane Town Center was sold to the Kohan Retail Investment Group.[65] Kohan then bought Lima Mall for 12 million dollars in April 2023.

Controversies edit

Kohan lost the Jamestown Mall in late 2011 due to foreclosure, but retained some ownership in late 2012.[1][7] The mall had previously declared bankruptcy in August 2011.[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.[66][67]

Lincoln Mall suffered from serious material condition issues during Kohan's ownership and in August 2013 went into receivership.[12][68] Matteson, Illinois took over ownership in June 2014 and it closed in January 2015 after running out of money.[69][68][70] At the malls closure, over $10 million in fines and taxes was owed to Matteson by Kohan.[68] Lincoln Mall was demolished starting in May 2017.[71]

During a 2013 police drug search, serious issues were discovered in Northland Mall's former Kmart that included mold, roof damage, and other major issues. Ownership also owed $141,081.61 in taxes to Nobles County, Minnesota.[72][73] The mall had serious material condition issues in April 2014 that Worthington, Minnesota took action on.[74][75] Worthington won a court decision about the former Kmart in June 2014, and demolition began in February 2015.[76] The mall was sold to 7&41 LLC in May 2015.[77]

Due to lack of payment on a $300,000 bill, Rotterdam Square Mall lost power on February 12, 2015.[2][78] The mall was later sold to ViaPort USA for $9.25 million.[79] Since its purchase, Berkshire Mall has suffered from serious tax issues with many payments being missed. Kohan has been taken to court several times over these issues and has narrowly avoided Berkshire's seizure.[22][80] Berkshire has also suffered from a series of power outages.[81]

Kohan owed $627,789 in property taxes on the Washington Square Mall in 2017, and the mall was put up for tax sale.[19] The malls outstanding taxes were paid off in October 2018 for $1.1 million.[81]

VF Factory Outlet Mall closed in October 2017.[67]

Indian River Mall almost lost power in December 2017 due to unpaid electric bills and bounced checks totaling $428,175. The bill was paid the day electric was to be shutoff.[82]

Mayberry Mall was almost closed on February 1, 2018, by local government officials due to roof and mold issues. It was sold to WRS Inc. Real Estate Investments in 2019.[83][84]

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.[85] Due to the roofs poor condition, Effingham City declared Village Square Mall unsafe in August 2018.[86]

Due to Kohan not paying Lycoming Mall's PPL electric bill, it lost power in late August 2018.[87]

In September 2018, Southbridge Mall was sued by Cerro Gordo County for $177,324 in back taxes.[24][88] Those taxes were paid off in December 2018, with three of the previous four checks sent to the county bouncing.[89]

Kohan owed around $550,000 on The Orchards Mall in various taxes before its sale in late 2018.[17]

Lycoming County Water and Sewer Authority placed Lycoming Mall on the February 2019 sheriff's sale list due to unpaid bills.[90] Kohan made a partial payment to stop the auction.[81][20]

Chapel Hill Mall almost had power disconnected by Ohio Edison due to unpaid bills in April and December 2019.[91][92]

Tulsa Promenade was placed into receivership in July 2019 due to missed mortgage payments and maintenance issues.[93] Kohan resumed ownership of the mall in September.[94]

Chapel Hill Mall in January 2020 was foreclosed on by Summit County, Ohio for owing $753,732.82 in real estate taxes.[95] The mall also had electric and water payment issues the same month.[96]

Adrian Mall in March 2020 was almost condemned due to electrical, roof, and structural issues.[97] It was later condemned in June 2020 due to numerous serious issues.[98]

Kohan in March 2021 owed $320,000 in back taxes on The Esplanade. 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. Parts of the property later went up for tax sale, were not sold, and the assets transferred to Jefferson Parish.[99] The mall would close in later 2021 due to the effects of Hurricane Ida.[100]

Great Northern Mall was closed for month in January and February 2022 due to repairs for frozen pipes. Kohan also owes almost $5 million in back taxes on the property.[101]

Lycoming County Water and Sewer Authority again placed Lycoming Mall on the May 2022 sheriff's sale list due to unpaid bills.[102] Kohan paid almost $300,000 in unpaid bills and fees to avoid the sheriff's sale.[103]

In February 2023, 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.[104]

In December 2022, Kohan was sued by the executive director of a nonprofit organization, who alleged that the company refused to honor a promised monetary contribution in exchange for professional services he performed at the Seminole Towne Center Mall in Sanford, Florida. In the filing, it was also alleged that Kohan's representatives maliciously defamed him to city officials in retaliation for his demand to be paid for the services rendered. A default judgment was awarded in March 2023 when Kohan's representatives failed to appear in court.[105]

As of June 2023, Kohan was delinquent on approximately $800,000 of property taxes owing on the Seminole Towne Center, $355,000 of property taxes owing on the Central Mall in Port Arthur, Texas, over $1 million of property taxes owing on the Midland Mall in Midland, Texas, and $560,000 of property taxes owing on the Colonial Park Mall in Lower Paxton Township, Pennsylvania.[106] The Towne West Square Mall in Wichita, Kansas was served a disconnect notice by Evergy Electric Co. due to non-payment of their electric bill.[107] Kohan is also delinquent on two years of back taxes owing on the Towne West Square Mall, and Kohan employees have complained about paychecks bouncing.[108]

In July 2023, Kohan's efforts to sell the Colonial Park Mall fell through due to an outstanding debt of $320,000 owed to the Lower Paxton Township Authority for unpaid sewer charges, stormwater fees, and others. A sheriff's sale on the delinquent utility charges was averted when Kohan paid 25 minutes before the deadline.[109]

In September 2023, power was shut off at the Towne West Square Mall due to Kohan remaining delinquent on their power bill owed to the Evergy Electric Co, forcing their tenants to close.[110] Also, the Promenade Mall in Tulsa, Oklahoma was closed permanently after Kohan refused to remedy ongoing fire code violations in the property.[111]

In November 2023, power was shut off at the Marshalltown Mall in Marshalltown, Iowa due to Kohan remaining delinquent on their power bill owed to Alliant Energy, forcing their tenants inside the mall to close and many with external entrances to relocate due to fire safety codes.[112] The power at the Towne West Square Mall was also shut off for the second time in two months after Kohan again failed to pay Evergy Electric.[113]

In December 2023, water service was shut off to parts of the Towne West Square Mall due to unpaid utility bills owed by Kohan to the city of Wichita.[114]

In February 2024, power was shut off at the Seminole Towne Center Mall due to Kohan being delinquent on their power bill owed to Florida Power & Light, forcing their tenants to close and causing a loss of parking lot lighting.[115] The power was turned back on three days later after they finally paid.[116]

In March 2024, power was shut off at the Westwood Mall in Marquette, Michigan, due to Kohan being delinquent on their power bill owed to the Marquette Board of Light and Power.

List of mall properties edit

Mall properties owned by Kohan Retail Investment Group as of 2024 include:[117]

List of properties with unclear ownership edit

List of former mall properties edit

Properties previously owned by Kohan Retail Investment Group as of 2024 include:

List of hotels edit

Mall properties hotels by Kohan Retail Investment Group as of 2022 include:[128]

Notes edit

  1. ^ Uses several aliases including Mike Kohen, Mehan Kohansiek, Mehran Kohansieh, Mehran Kohansiek, and Mehrzad I. Kohansieh.
  2. ^ No longer listed on the Kohan website as of November 2022.

References edit

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  122. ^ Justice, Chase (21 October 2022). "Remaining Savannah Mall businesses have yet to hear from new ownership following $8M sale". WSAV-TV. Retrieved 22 November 2022.
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External links edit

  • Official website

May 08, 2024
kohan, retail, investment, group, shopping, mall, investment, company, based, great, neck, york, they, specialize, malls, retail, spaces, well, hotels, company, typeprivateindustryretail, real, estatefoundermike, kohan, headquartersgreat, neck, york, united, s. Kohan Retail Investment Group is a shopping mall investment company based in Great Neck New York They specialize in malls and retail spaces as well as hotels 5 Kohan Retail Investment GroupCompany typePrivateIndustryRetail real estateFounderMike Kohan 1 2 3 n 1 HeadquartersGreat Neck New York 4 United StatesProductsShopping malls Contents 1 History 2 Controversies 3 List of mall properties 4 List of properties with unclear ownership 5 List of former mall properties 6 List of hotels 7 Notes 8 References 9 External linksHistory editKohan bought Northland Mall from Developers Diversified Realty for 1 8 million in late December 2008 6 Kohan purchased the Jamestown Mall in 2009 for 3 3 million 1 7 Staunton Mall was purchased from bankrupt First Republic Realty for 4 05 million in November 2010 8 In April 2011 Warren Mall was sold by Zamias for 720 000 and in April 2016 was under the ownership of Cocca Development 9 10 Lincoln Mall was purchased during foreclosure for 150 000 in June 2012 with millions owed in fines and taxes from its previous owners 11 12 Crystal River Mall was purchased for 2 8 million in 2012 and would be sold to United Realty M T A LLC in August 2016 13 Tiffin Mall purchased in 2012 was later sold to Key Hotel and Property Management in 2016 for 2 2 million 14 Macerich sold Rotterdam Square Mall to Kohan for 8 5 million on January 15 2014 15 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 16 Staunton Mall was sold for 4 5 million in March 2014 8 The Orchards Mall purchased in 2014 was sold to Durga LLC in late 2018 17 PREIT sold Lycoming Mall to Kohan for 26 35 million in March 2016 who owns it under the name Lycoming Mall Realty Holding 18 Washington Square Mall was purchased in April 2016 for 2 5 million 19 Chapel Hill Mall was purchased in July 2016 by Kohan for 8 6 million 20 Southbridge Mall during its tax sale was purchased by Kohan for 1 5 million in September 2016 3 Also in September 2016 Kohan purchased Berkshire Mall for 3 5 million 21 22 Richmond Town Square was purchased for 7 25 million in November 2016 23 Kohan purchased six malls in 2018 for 46 million 24 Part of Eastland Center was purchased in 2018 for 3 125 million 25 Prescott Gateway Mall was sold to Kohan for 8 8 million in February 2018 half of what the previous owners purchased it for 26 Towne Square Mall and additional properties were purchased for 4 million in May 2018 27 The Esplanade in June 2018 was purchased by Kohan for 9 25 million 28 Valle Vista Mall was purchased for 12 5 million in mid 2018 24 Fort Steuben Mall was purchased for 10 75 million in December 2018 29 Parts of Marquette Michigan s Westwood Mall was sold to two different owners in February 2019 one being Kohan 30 Berkshire Mall was sold to Durga Property Holdings for 1 million in July 2019 31 Towne West Square was purchased for 14 million in July 2019 32 Towne Square Mall was sold for 5 15 million to Towne Square Mall Holdings LLC in December 2019 33 34 Village Square Mall was sold to Durga Property Holdings in early 2020 35 36 Ashtabula Towne Square and other properties was purchased for 10 2 million in February 2020 37 38 Ownership of the Seminole Towne Center was transferred to Kohan in March 2020 39 Virginia Center Commons was sold to VCC Partners LLC and Shamin VCC LLC in early 2020 for 8 3 million 40 Kohan later sold another Virginia Center Commons anchor building for 4 1 million to Impact Investments Group LLC in April 2020 41 Clearview Mall in Butler PA was taken over by Kohan in June 2020 42 Findlay Village Mall was sold to Kohan for 4 million in September 2020 43 Kohan purchased the Burnsville Center s debt at auction for 18 million in October 2020 44 The Outlets of Little Rock were purchased for 10 million in January 2021 45 Central Mall Lawton was sold to Lawton Oklahoma for 14 6 million in January 2021 46 Prizm Outlets was purchased by Kohan at auction for 1 525 million in January 2021 47 Kohan purchased both the Birchwood Mall and Westwood Mall in February 2021 paying 5 6 million for Birchwood 48 Chapel Hill Mall was sold by Kohan to Industrial Commercial Properties in March 2021 49 Lansing Mall was purchased for 9 2 million in March 2021 50 Oak View Mall was purchased for 7 5 million in April 2021 51 McKinley Mall was sold to Kohan for 8 5 million in July 2021 despite protests from local business and government about the sale price 52 Wyoming Valley Mall was sold to Kohan for 17 million in August 2021 53 Kohan purchased the Triangle Town Center for 33 25 million in November 2021 54 Montgomery Mall while in foreclosure was purchased for 55 million in November 2021 4 The Crossroads in Portage Michigan was purchased by Kohan in January 2022 for 25 million 55 NorthTown Mall was purchased for 49 million in February 2022 56 Part of the Burnsville Center was sold to Pacific Square Burnsville LLC for 10 6 million in February 2022 57 Fort Steuben Mall was sold by Kohan to Brookwood Capital in February 2022 58 Brass Mill Center and Brass City Commons was sold to Kohan for 44 9 million in April 2022 59 Indiana Mall was purchased in April 2022 for 6 9 million 60 Fashion Square Mall was purchased at auction in September 2022 for 10 8 million 61 In November 2022 PREIT sold Cumberland Mall to Kohan Retail Investment Group for 45 million 62 The Mall at Robinson was purchased for 46 million from QIC in November 2022 63 Santa Fe Place was acquired in January 2023 64 In March 2023 Fairlane Town Center was sold to the Kohan Retail Investment Group 65 Kohan then bought Lima Mall for 12 million dollars in April 2023 Controversies editKohan lost the Jamestown Mall in late 2011 due to foreclosure but retained some ownership in late 2012 1 7 The mall had previously declared bankruptcy in August 2011 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 66 67 Lincoln Mall suffered from serious material condition issues during Kohan s ownership and in August 2013 went into receivership 12 68 Matteson Illinois took over ownership in June 2014 and it closed in January 2015 after running out of money 69 68 70 At the malls closure over 10 million in fines and taxes was owed to Matteson by Kohan 68 Lincoln Mall was demolished starting in May 2017 71 During a 2013 police drug search serious issues were discovered in Northland Mall s former Kmart that included mold roof damage and other major issues Ownership also owed 141 081 61 in taxes to Nobles County Minnesota 72 73 The mall had serious material condition issues in April 2014 that Worthington Minnesota took action on 74 75 Worthington won a court decision about the former Kmart in June 2014 and demolition began in February 2015 76 The mall was sold to 7 amp 41 LLC in May 2015 77 Due to lack of payment on a 300 000 bill Rotterdam Square Mall lost power on February 12 2015 2 78 The mall was later sold to ViaPort USA for 9 25 million 79 Since its purchase Berkshire Mall has suffered from serious tax issues with many payments being missed Kohan has been taken to court several times over these issues and has narrowly avoided Berkshire s seizure 22 80 Berkshire has also suffered from a series of power outages 81 Kohan owed 627 789 in property taxes on the Washington Square Mall in 2017 and the mall was put up for tax sale 19 The malls outstanding taxes were paid off in October 2018 for 1 1 million 81 VF Factory Outlet Mall closed in October 2017 67 Indian River Mall almost lost power in December 2017 due to unpaid electric bills and bounced checks totaling 428 175 The bill was paid the day electric was to be shutoff 82 Mayberry Mall was almost closed on February 1 2018 by local government officials due to roof and mold issues It was sold to WRS Inc Real Estate Investments in 2019 83 84 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 85 Due to the roofs poor condition Effingham City declared Village Square Mall unsafe in August 2018 86 Due to Kohan not paying Lycoming Mall s PPL electric bill it lost power in late August 2018 87 In September 2018 Southbridge Mall was sued by Cerro Gordo County for 177 324 in back taxes 24 88 Those taxes were paid off in December 2018 with three of the previous four checks sent to the county bouncing 89 Kohan owed around 550 000 on The Orchards Mall in various taxes before its sale in late 2018 17 Lycoming County Water and Sewer Authority placed Lycoming Mall on the February 2019 sheriff s sale list due to unpaid bills 90 Kohan made a partial payment to stop the auction 81 20 Chapel Hill Mall almost had power disconnected by Ohio Edison due to unpaid bills in April and December 2019 91 92 Tulsa Promenade was placed into receivership in July 2019 due to missed mortgage payments and maintenance issues 93 Kohan resumed ownership of the mall in September 94 Chapel Hill Mall in January 2020 was foreclosed on by Summit County Ohio for owing 753 732 82 in real estate taxes 95 The mall also had electric and water payment issues the same month 96 Adrian Mall in March 2020 was almost condemned due to electrical roof and structural issues 97 It was later condemned in June 2020 due to numerous serious issues 98 Kohan in March 2021 owed 320 000 in back taxes on The Esplanade 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 Parts of the property later went up for tax sale were not sold and the assets transferred to Jefferson Parish 99 The mall would close in later 2021 due to the effects of Hurricane Ida 100 Great Northern Mall was closed for month in January and February 2022 due to repairs for frozen pipes Kohan also owes almost 5 million in back taxes on the property 101 Lycoming County Water and Sewer Authority again placed Lycoming Mall on the May 2022 sheriff s sale list due to unpaid bills 102 Kohan paid almost 300 000 in unpaid bills and fees to avoid the sheriff s sale 103 In February 2023 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 104 In December 2022 Kohan was sued by the executive director of a nonprofit organization who alleged that the company refused to honor a promised monetary contribution in exchange for professional services he performed at the Seminole Towne Center Mall in Sanford Florida In the filing it was also alleged that Kohan s representatives maliciously defamed him to city officials in retaliation for his demand to be paid for the services rendered A default judgment was awarded in March 2023 when Kohan s representatives failed to appear in court 105 As of June 2023 Kohan was delinquent on approximately 800 000 of property taxes owing on the Seminole Towne Center 355 000 of property taxes owing on the Central Mall in Port Arthur Texas over 1 million of property taxes owing on the Midland Mall in Midland Texas and 560 000 of property taxes owing on the Colonial Park Mall in Lower Paxton Township Pennsylvania 106 The Towne West Square Mall in Wichita Kansas was served a disconnect notice by Evergy Electric Co due to non payment of their electric bill 107 Kohan is also delinquent on two years of back taxes owing on the Towne West Square Mall and Kohan employees have complained about paychecks bouncing 108 In July 2023 Kohan s efforts to sell the Colonial Park Mall fell through due to an outstanding debt of 320 000 owed to the Lower Paxton Township Authority for unpaid sewer charges stormwater fees and others A sheriff s sale on the delinquent utility charges was averted when Kohan paid 25 minutes before the deadline 109 In September 2023 power was shut off at the Towne West Square Mall due to Kohan remaining delinquent on their power bill owed to the Evergy Electric Co forcing their tenants to close 110 Also the Promenade Mall in Tulsa Oklahoma was closed permanently after Kohan refused to remedy ongoing fire code violations in the property 111 In November 2023 power was shut off at the Marshalltown Mall in Marshalltown Iowa due to Kohan remaining delinquent on their power bill owed to Alliant Energy forcing their tenants inside the mall to close and many with external entrances to relocate due to fire safety codes 112 The power at the Towne West Square Mall was also shut off for the second time in two months after Kohan again failed to pay Evergy Electric 113 In December 2023 water service was shut off to parts of the Towne West Square Mall due to unpaid utility bills owed by Kohan to the city of Wichita 114 In February 2024 power was shut off at the Seminole Towne Center Mall due to Kohan being delinquent on their power bill owed to Florida Power amp Light forcing their tenants to close and causing a loss of parking lot lighting 115 The power was turned back on three days later after they finally paid 116 In March 2024 power was shut off at the Westwood Mall in Marquette Michigan due to Kohan being delinquent on their power bill owed to the Marquette Board of Light and Power List of mall properties editMall properties owned by Kohan Retail Investment Group as of 2024 include 117 Anderson Mall Anderson South Carolina Animas Valley Mall Farmington New Mexico Asheville Mall Asheville North Carolina Birchwood Mall Fort Gratiot Township Michigan Brass Mill Center Waterbury Connecticut Chautauqua Mall Lakewood New York Colonial Park Mall Harrisburg Pennsylvania The Crossroads Portage Michigan Cumberland Mall Vineland New Jersey Eastridge Mall Casper Wyoming Emerald Square Mall North Attleborough Massachusetts Fairlane Town Center Dearborn Michigan Fashion Square Mall Saginaw Michigan Gadsden Mall Gadsden Alabama Greenwood Mall Bowling Green Kentucky Holiday Village Mall Havre Montana Indian River Mall Vero Beach Florida Indiana Mall Indiana Pennsylvania 60 Jasper Mall Jasper Alabama Killeen Mall Killeen Texas Lansing Mall Lansing Michigan Lindale Mall Cedar Rapids Iowa Livingston Mall Livingston New Jersey Lufkin Mall Lufkin Texas Mall St Vincent Shreveport Louisiana The Mall at Robinson Robinson Township Pennsylvania The Mall at Sierra Vista Sierra Vista Arizona Marshalltown Mall Marshalltown Iowa McKinley Mall Buffalo New York Montgomery Mall North Wales Pennsylvania New Towne Mall New Philadelphia Ohio NorthTown Mall Spokane Washington Northwoods Mall Peoria Illinois Pierre Bossier Mall Bossier City Louisiana River Hills Mall Mankato Minnesota Rolling Oaks Mall San Antonio Texas Santa Fe Place Santa Fe New Mexico Seminole Towne Center Sanford Florida Sikes Senter Wichita Falls Texas Southern Hills Mall Sioux City Iowa Temple Mall Temple Texas Town Center at Cobb Kennesaw Georgia Towne West Square Wichita Kansas Triangle Town Center Raleigh North Carolina Valle Vista Mall Harlingen Texas Vicksburg Mall Vicksburg Mississippi Washington Crown Center Washington Pennsylvania Washington Park Mall Bartlesville Oklahoma West Ridge Mall Topeka Kansas Westwood Mall Jackson Michigan The Westwood Mall Marquette MichiganList of properties with unclear ownership editAdrian Mall Adrian Michigan n 2 List of former mall properties editProperties previously owned by Kohan Retail Investment Group as of 2024 include Almeda Mall Houston Texas Aroostook Centre Mall Presque Isle Maine Berkshire Mall Lanesborough Massachusetts 31 Burnsville Center Burnsville Minnesota Central Mall Lawton Lawton Oklahoma 46 Central Mall Port Arthur Port Arthur Texas Central Mall Texarkana Texarkana Texas The Centre at Salisbury Salisbury Maryland Chapel Hill Mall Akron Ohio 49 Crystal River Mall Crystal River Florida 13 Clearview Mall Butler Pennsylvania Eastland Center Harper Woods Michigan 118 The Esplanade Kenner Louisiana Fort Steuben Mall Steubenville Ohio 58 Findlay Village Mall Findlay Ohio Graceville Outlet Mall Graceville Florida 119 120 Great Northern Mall Clay New York Jamestown Mall Florissant Missouri 7 Lake Square Mall Leesburg Florida 16 Lincoln Mall Matteson Illinois 69 Lycoming Mall Pennsdale Pennsylvania Lima Mall American Township Ohio Mayberry Mall Mount Airy North Carolina 83 Miami Valley Centre Mall Piqua Ohio Midland Mall Midland Michigan Northland Mall Minnesota Worthington Minnesota 77 North Plains Mall Clovis New Mexico Oak View Mall Omaha Nebraska Outlets of Little Rock Little Rock Arkansas Prizm Outlets Primm Nevada Richmond Town Square Richmond Heights Ohio 121 Rotterdam Square Mall Rotterdam New York 79 The Shoppes at Bel Air Mobile Alabama Savannah Mall Savannah Georgia 122 Spring Hill Mall West Dundee Illinois Staunton Mall Staunton Virginia 8 Story City Outlet Mall VF Factory Outlet Mall Story City Iowa 123 Southbridge Mall Mason City Iowa 124 125 The Shoppes at Riverside formerly South Shore Mall Aberdeen Washington 126 The Orchards Mall Benton Harbor Michigan 17 Tiffin Mall Tiffin Ohio 14 Towne Square Mall Owensboro Kentucky 33 Tulsa Promenade Tulsa Oklahoma 94 Village Square Mall Effingham Illinois 35 36 Virginia Center Commons Glen Allen Virginia 40 Valley View Mall La Crosse Wisconsin Warren Mall Warren Pennsylvania 10 Westland Mall West Burlington Iowa Wyoming Valley Mall Wilkes Barre Township Pennsylvania Washington Square Mall Indianapolis Indiana 127 Woodville Mall Northwood Ohio 66 List of hotels editMall properties hotels by Kohan Retail Investment Group as of 2022 include 128 Shoreham Hotel New York New York The Gallivant Times Square New York New YorkNotes edit Uses several aliases including Mike Kohen Mehan Kohansiek Mehran Kohansieh Mehran Kohansiek and Mehrzad I Kohansieh No longer listed on the Kohan website as of November 2022 References edit a b c d Yerak Becky Shropshire Corilyn September 1 2013 I take distressed properties and try to revitalize them Chicago Tribune Retrieved 12 April 2019 a b Neuman Scott February 12 2015 Tussle Over Electric Bill Plunges New York Mall Into The Dark NPR Retrieved 12 April 2019 a b Sayles J W January 9 2018 Sayles Mason City s most dangerous partner Mason City Globe Gazette Retrieved 15 April 2019 a b Montgomery Mall Sells for 55M in Foreclosure Sale NBC10 Philadelphia November 21 2021 Retrieved 22 November 2021 https www kohanretail com Lucin Kari 23 January 2009 Northland Mall sold for 1 8 million The Globe Retrieved 21 April 2019 a b c Brown Lisa December 3 2011 Jamestown Mall foreclosed put up for sale St Louis Post Dispatch Retrieved 12 April 2019 a b c Peters Laura March 11 2014 Staunton Mall sells for 4 5 million The News Leader Retrieved 16 April 2019 Klein Ben October 25 2013 Big Lots Leaving Times Observer Retrieved 20 April 2019 a b New Owner New Plan Times Observer April 16 2016 Retrieved 3 April 2019 Maidenberg Micah 6 August 2013 Matteson sues to shut down Lincoln Mall Crain s Chicago Business Retrieved 16 April 2019 a b Shropshire Corilyn Grimm Andy August 8 2013 Matteson sues to shut down Lincoln Mall Chicago Tribune Retrieved 16 April 2019 a b Bates Michael D September 23 2017 Crystal River Mall Venue continues rebound under new ownership Chronicle Online Retrieved 20 April 2019 a b Mall being sold The Advertiser Tribune September 4 2016 Retrieved 20 April 2019 O Brien Tim 21 January 2014 Rotterdam mall s new owner has history of legal battles Times Union Retrieved 12 April 2019 a b Omaye Jayna September 5 2014 Lake Square Mall bought by Turkish developer Orlando Sentinel Retrieved 15 April 2019 a b c Wittkowski Tony December 5 2018 New owner of Orchards Mall is revealed The Herald Palladium Retrieved 15 April 2019 Reuther Mike April 20 2016 Lycoming Mall sells for more than 26M Williamsport Sun Gazette Retrieved 17 April 2019 a b Olson Scott August 3 2017 Washington Square owner owes more than 600 000 in property taxes Indianapolis Business Journal Retrieved 15 April 2019 a b Livingston Doug April 2 2019 Lights out at Chapel Hill Mall Store owners warned power could be shut off next week for nonpayment of electric bills Akron Beacon Journal Retrieved 16 April 2019 Dobrowolski Tony September 2 2016 Berkshire Mall to be sold to NY developer with eye on revival The Berkshire Eagle Retrieved 20 April 2019 a b Dobrowolski Tony February 6 2019 More tax trouble for Berkshire Mall as owner misses another payment deadline The Berkshire Eagle Retrieved 16 April 2019 Cho Janet H 5 February 2017 Malls aren t dead at all they re just evolving retail expert says cleveland com The Plain Dealer Retrieved 15 April 2019 a b c McNett Jared December 8 2018 Kohan Group buys 6 new properties in 2018 while owing back taxes on Mason City mall Mason City Globe Gazette Retrieved 16 April 2019 Kurt Nagl 29 November 2018 Eastland s new owner brings big promises spotty record of mall redevelopment Crain s Detroit Business Retrieved 15 April 2019 Orr Scott February 20 2018 Prescott Gateway Mall sells to New York investment group will include Hotshots museum The Daily Courier Retrieved 16 April 2019 Lawrence Keith May 16 2018 New York investment firm buys Owensboro mall Kentucky New Era The Messenger Inquirer Retrieved 13 December 2019 Thompson Richard Roberts Faimon September 15 2018 Examining Esplanade Mall future New controversial owner future home to Kenner City Hall The Advocate Retrieved 16 April 2019 Fort Steuben Mall has new ownership WTOV 7 January 2019 Retrieved 27 February 2022 Bowers Lisa February 12 2019 Westwood Mall sold to developers The Mining Journal Retrieved 21 April 2019 a b Parnass Larry July 11 2019 Berkshire Mall sells for 1M after new player clears tax debt The Berkshire Eagle Retrieved 15 July 2019 Rengers Carrie Leiker Amy Renee July 11 2019 New owner plans changes to drive traffic at Towne West Square The Wichita Eagle Retrieved 15 July 2019 a b Mayse James December 10 2019 Local investors purchase Towne Square Mall Messenger Inquirer Retrieved 13 December 2019 Lawrence Keith December 11 2019 Ray says mall can again be destination Messenger Inquirer Retrieved 13 December 2019 a b Cordes Kaitlin February 4 2020 Mall gets new owner city to make repairs Effingham Daily News a b Adams Andrew October 29 2020 Clock ticking on mall property Effingham Daily News Terry Shelley February 12 2020 Mall sold Star Beacon Retrieved 2 April 2020 Naymik Mark February 14 2020 Chapel Hill Mall owner buys struggling Ashtabula Towne Square mall WKYC Retrieved 2 April 2020 Rabines Amanda March 31 2020 Seminole Towne Center owner sells to investment group with plans to revitalize struggling mall Orlando Sentinel Retrieved 2 April 2020 a b Commercial real estate highlights Richmond Times Dispatch March 8 2020 Retrieved 2 April 2020 Gilligan Gregory J Apr 23 2020 Local investment group buys American Family Fitness building at Virginia Center Commons for 4 1 million Richmond Times Dispatch Retrieved 20 July 2020 Clearview Mall under new management of NY based retail group Butler Eagle 25 June 2020 Retrieved 20 July 2020 Wilin Lou September 16 2020 Sold Findlay Village Mall The Courier Gessner John December 11 2020 New owner says it s time to reimagine aging malls hometownsource com Retrieved 18 December 2020 Brantley Max 7 January 2021 Outlets of Little Rock center changes hands Arkansas Times Archived from the original on January 9 2021 Retrieved 26 February 2021 a b McConnell Kim January 6 2021 City of Lawton completes purchase of Central Mall The Lawton Constitution Retrieved 26 February 2021 Tempkin Adam May 26 2021 A 120 Loss on Vegas Mall Triggers Payday for Icahn s Big Short Bloomberg Retrieved 13 August 2021 Airgood Bryce February 24 2021 Fort Gratiot s Birchwood Mall sold for 5 6M The Times Herald Archived from the original on February 24 2021 Retrieved 26 February 2021 a b Mackinnon Jim March 16 2021 New owner will convert Chapel Hill Mall into a business park Akron Beacon Journal Retrieved 6 May 2021 Montana Cali 24 March 2021 Lansing Mall sold for 9 2 million to Kohan Retail Investment Group WSYM Retrieved 6 May 2021 Chapman John April 8 2021 New York company purchases Oak View Mall in southwest Omaha WOWT Retrieved 6 May 2021 Hackford Rob July 9 2021 Sale of McKinley Mall approved by judge objections from town and developer denied WGRZ Retrieved 13 August 2021 Lynott Jerry 28 August 2021 Struggling Wyoming Valley Mall has new owner Times Leader Retrieved 22 November 2021 Harshberger Caleb November 16 2021 Triangle Town Center sold again but at fraction of previous price Triangle Business Journal Retrieved 22 November 2021 Jennerjahn Allie January 25 2022 Plans in mind for a reimagined Crossroads Mall in Portage WWMT Retrieved February 1 2022 Lyle Josh February 24 2022 NorthTown Mall is sold new owner plans to make it a destination KREM Retrieved 27 February 2022 Kelly Brianna February 4 2022 Local investors and Illinois developer buy portion of Burnsville Center for 10 6M Minneapolis St Paul Business Journal Retrieved 27 February 2022 a b Farmer Taylor 25 February 2022 Fort Steuben Mall sold WTOV Retrieved 27 February 2022 Puffer Michael April 20 2022 Waterbury mall and neighboring shopping center sells for 44 9M Hartford Business Journal Retrieved 9 May 2022 a b Cloonan Patrick April 12 2022 Long Island investor buys Indiana Mall The Indiana Gazette Online Retrieved 9 May 2022 Engel Justin 23 September 2022 Fashion Square Mall in Saginaw Township purchased by Midland Mall owners MLive Retrieved 8 November 2022 Walsh Jim November 2 2022 Cumberland Mall is sold as PREIT sheds assets The Daily Journal Retrieved November 6 2022 Felton Julia 2022 11 30 Mall at Robinson sold to New York firm in 46M deal TribLIVE com Retrieved 2023 01 08 Vitu Teya 4 January 2023 Santa Fe Place mall sold to N Y investment group Santa Fe New Mexican Retrieved 2023 01 08 Fairlane Town Center being sold to mall scavenger Kohan Crain s Detroit Business 2023 03 07 a b Matuszak John December 12 2014 Orchards Mall s new owner rescuer or bad apple The Herald Palladium Retrieved 15 April 2019 a b Lawless Ronna October 11 2017 Outlet mall owner has history of failed properties unpaid bills Story City Herald Retrieved 16 April 2019 a b c Maidenberg Micah 10 November 2014 Judge orders struggling Lincoln Mall to close Crain s Chicago Business Retrieved 16 April 2019 a b Maidenberg Micah 3 June 2014 Matteson to take over and try to sell struggling Lincoln Mall Crain s Chicago Business Retrieved 16 April 2019 Brigid Sweeney 7 January 2015 Lincoln Mall shutters for good Crain s Chicago Business Retrieved 16 April 2019 Nolan Mike May 8 2017 Demolition of Matteson s Lincoln Mall gets underway Daily Southtown Chicago Tribune Retrieved 16 April 2019 Hagen Aaron August 8 2013 Old Kmart building runs afoul with city The Globe Retrieved 21 April 2019 Hagen Aaron October 31 2013 City takes Northland Mall owner to court The Globe Retrieved 21 April 2019 Hagen Aaron 14 April 2014 Can it be fixed The Globe Retrieved 21 April 2019 Hagen Aaron 28 April 2014 Northland Mall declared hazardous The Globe Retrieved 21 April 2019 Trester Erin 24 February 2015 Tumbling down The Globe Retrieved 21 April 2019 a b Kirtz Kristin 21 May 2015 It s a done deal The Globe Retrieved 21 April 2019 Rooney Ben 12 February 2015 New York shopping mall s power is cut after owner fails to pay bill CNN Money Retrieved 12 April 2019 a b O Brien Tim 10 March 2016 New photos Rotterdam mall adds entertainment spaces Times Union Retrieved 12 April 2019 Dobrowolski Tony April 5 2019 New court action ramps up pressure on Berkshire Mall owner The Berkshire Eagle Retrieved 16 April 2019 a b c Kinney Jim 27 March 2019 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 masslive com Retrieved 16 April 2019 Lofholm Andrew 6 December 2017 Indian River Mall pays 428K electric bill WPTV Retrieved 16 April 2019 a b Joyce Tom 6 February 2019 It s official Mayberry Mall sold Mt Airy News Retrieved 12 April 2019 Joyce Tom 18 March 2019 Work underway at mall Mt Airy News Retrieved 15 April 2019 Moriarty Rick 20 August 2018 Great Northern Mall in Clay seeks huge tax cut syracuse com Retrieved 16 April 2019 Schabbing Dawn August 7 2018 City puts pressure on mall owner Effingham Daily News Retrieved 16 April 2019 Krize Nikki 28 August 2018 Power Outage Closes Lycoming Mall WNEP Retrieved 17 April 2019 Fiorini Courtney September 21 2018 Cerro Gordo County Treasurer sues Southbridge Mall owner for unpaid taxes Mason City Globe Gazette Retrieved 16 April 2019 Stewart Ashley December 6 2018 Mason City mall owner pays 150K in taxes meeting county deadline Mason City Globe Gazette Retrieved 20 April 2019 Papa Kristina 14 January 2019 Lycoming Mall Owes Thousands in Unpaid Water Sewer Bills WNEP Retrieved 17 April 2019 Byard Katie April 5 2019 Utility won t pull plug on Chapel Hill Mall electricity Akron Beacon Journal Retrieved 16 April 2019 Chapel Hill Mall owner pays electric bill avoids power shutoff Akron Beacon Journal December 9 2019 Retrieved 13 December 2019 Averill Mike July 25 2019 Tulsa Promenade stores to stay open as owner lender work out their differences over unpaid 6M court appointed receiver says Tulsa World Retrieved 10 September 2019 a b Morgan Rhet September 23 2019 Judge returns possession operation of Promenade Mall to property s owner Tulsa World Retrieved 11 October 2019 Goist Robin 13 January 2020 Summit County files foreclosure complaint against Chapel Hill Mall cleveland com Retrieved 13 January 2020 Terry Shelley February 15 2020 Mall s new owner owes millions in delinquent taxes Star Beacon Retrieved 2 April 2020 Durham Spencer March 12 2020 Adrian Mall to remain open despite leaking roof The Daily Telegram Retrieved 2 April 2020 Durham Spencer June 16 2020 Adrian Mall condemned The Daily Telegram Retrieved 20 July 2020 Roberts III Faimon A Struggling Esplanade mall in Kenner could owe more than 1M in back taxes officials say NOLA Retrieved 6 May 2021 Roberts III Faimon A June 6 2022 Talks underway to sell troubled Esplanade Mall in Kenner but there s one catch NOLA Retrieved 12 July 2022 Moriarty Rick 16 February 2022 Great Northern Mall reopens after monthlong shutdown caused by flooding syracuse com Retrieved 27 February 2022 Barrett Bethany February 22 2022 Lycoming Mall in hot water due to unpaid bills Williamsport Sun Gazette Retrieved 27 February 2022 Maroney Mark May 6 2022 Lycoming Mall management just avoids sale with nearly 300K payment Williamsport Sun Gazette Retrieved 9 May 2022 Aroostook Centre Mall Closing Until Further Notice 26 February 2023 Seminole County Clerk of the Circuit Clerk and Comptroller Case 2022SC004918 Ryzewski Steven June 27 2023 Owner of Seminole Towne Center mall in Sanford owes more than 800K in property taxes Orlando Business Journal Retrieved 2023 06 28 KWCH Staff 2023 06 16 Evergy serves Towne West Mall with disconnect notice www kwch com Retrieved 2023 06 19 Stavola Michael June 8 2023 Towne West has not paid property taxes in two years and has bounced employee paychecks The Wichita Eagle Urie Daniel 2023 07 20 Colonial Park Mall avoids sheriff s sale but potential buyer cancels deal Penn Live Patriot News Retrieved 2023 07 22 KWCH Staff 2023 09 07 Evergy restores power at Towne West Mall www kwch com Retrieved 2023 09 18 Staff Rian Stockett KTUL 2023 09 17 Tulsa Promenade Mall closes indefinitely due to fire code violations community reacts KTUL Retrieved 2023 09 18 a href Template Cite web html title Template Cite web cite web a CS1 maint multiple names authors list link Mall ownership group has checkered history Times Republican Retrieved 2023 12 14 Castillo Eduardo November 6 2023 Lights turned off at Towne West Square again Owner working to restore power The Wichita Eagle Castillo Eduardo December 13 2023 City shuts off water at some Towne West Square businesses for non payment The Wichita Eagle FPL shuts off power to parts of Seminole Towne Center Mall mynews13 com Retrieved 2024 02 23 Trezza Matt 2024 02 25 Power returns to Seminole Towne Center mall after 3 days of lost business FOX 35 Orlando Retrieved 2024 02 28 Kohan Retail Properties Kohan Retail Investment Group Retrieved 22 November 2022 Roberts Adrienne June 23 2021 Proposed demolition plan for Eastland Center could make room for an industrial complex Detroit Free Press Retrieved 22 November 2021 Williams Natalie December 21 2020 Vanity Fair Outlet in the Graceville Factory Stores of America is closing permanently Thursday WJHG Retrieved 6 May 2021 Buckhalter Deborah September 21 2021 McNeil Technologies setting up in Graceville Dothan Eagle Retrieved 22 November 2021 Piorkowski Jeff 26 July 2021 Belle Oaks developer acquires Richmond Town Square mall cleveland com Retrieved 23 August 2021 Justice Chase 21 October 2022 Remaining Savannah Mall businesses have yet to hear from new ownership following 8M sale WSAV TV Retrieved 22 November 2022 Lawless Ronna Lawless April 17 2018 Big changes planned at Story City outlet mall The Ames Tribune Retrieved 3 April 2019 Jirgens Alex May 27 2022 Southbridge Mall to be rebranded as Main Street Xperience KIMT Retrieved 22 November 2022 Southbridge Mall Project MSCC Main Street Community Capital Retrieved 22 November 2022 Havil Dave 17 June 2016 The SouthShore Mall is now Shoppes at Riverside Inviting Public to Grand Re Opening Newstalk KBKW KBKW Retrieved 21 April 2019 Crook Lynn S 18 October 2019 Washington Square Mall to get makeover improvements WRTV Retrieved 22 October 2019 Kohan Retail Hotels Kohan Retail Investment Group Retrieved 27 February 2022 External links editOfficial website Retrieved from https en wikipedia org w index php title Kohan Retail Investment Group amp oldid 1222119251, wikipedia, wiki, book, books, library,

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