The companies were sued in 2017 by a tenant, International Dcor Outlet, who claimed the owners failed to properly maintain and repair the property. In College Township, Pennsylvania, Namdar owns the Nittany Mall. The company eventually reached an agreement with its creditors. You go in and you dont know much, he noted. - filed by Law Offices of Jeffrey S. Shein & Associates, P.C. The two talk every day, brainstorming their next moves, and see each other on weekends. Namdar Realty Group owns eight malls in Illinois, including the Ford City Mall in Chicago, according to its website. Although their malls have better ratings than Kohan's malls, most have 3 s. Namdar Realty Group insights Based on 25 survey responses Areas for improvement Overall satisfaction General feeling of work happiness Fair pay for job Poorly ran Housekeeping (Former Employee) - Westland, MI - October 12, 2022 Don't care about who works there as long as your a body your hired. The Judge overseeing this case is Nassau Dcm-Tj. Upset communities allege that Namdar and Mason are looking to turn a profit by not investing in their malls. the proactive techniques for administration professionals by using a service quality lens to address administration and management concepts in all areas of the criminal The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Namdar purchased the mall portion of theVoorhees Town Center there after the township put together a package of ideas to transform the mall into more of an entertainment hub. [5][7], Namdar and Mason often charge lower rent to keep mall vacancies low. - filed by Law Offices of Jeffrey S. Shein & Associates, P.C. Its all about the cost basis, said Cedrik Lachance, director of research at Green Street. Instead of U.S. stockholders and quarterly reports, the team keeps things simple: Namdar focuses on management side of the properties. Our Story Namdar Group Namdar Realty Group and Gorjian Acquisitions have taken a roughly 50% equity stake in the borough's Fordham Landing megaproject, according to Dynamic Star. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Indeed, Mason Asset Management and Namdar Realty operate several in Michigan, including Flint, Jackson, Muskegon, Saginaw and West Branch. ; Filed: 11/12/2019; Received: 11/12/2019, DocketNOTICE OF DISCOVERY AND INSPECTION Notice of Medical Exchange & Disclosure of Expert Witness; Filed By: Shein, J. In the meantime, a judge assigned Spinoso Real Estate Group to manage the mall while the case proceeded. A local mall representative could not comment on Namdars plans. Will His AI Plans Be Any Different? The financial issues tied to struggling U.S. malls already runs into the billions. MALCOLM et al. Musk Made a Mess at Twitter. and Kimco Realty Corp. Please try again. Searching articles in Namdar Realty Group Llc x Sign In | | | Close. - filed by Law Offices of Jeffrey S. Shein & Associates, P.C. Wed like to improve our quality but were not going to pay a crazy premium for an A-mall, Namdar said. If youre buying to harvest cash and not reinvest, it will work.. Most of the [malls] are built in prime locations, Igal said. He raised the possibility that another owner might not keep some of Namdars malls open at all. A spokesperson for Namdar said it is actively working to fix the property. Why is this public record being published online?
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namdar realty group lawsuits