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Namdar Realty Group is an American shopping mall investment company based in Great Neck, New York. They primarily purchase dying or dead shopping malls with partner Mason Asset Management . [ 3 ] [ 5 ] Namdar and Mason are both family owned, and as of 2021, own over 400 properties including 100 plus malls.
On August 29, 2018, anchor tenant Bergner's permanently closed its doors after 40 years of business at Hickory Point, following the bankruptcy and liquidation of parent company Bon-Ton Stores. [ 26 ] In August 2020, CBL & Associates sold the mall to Namdar Realty Group .
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]
After more than a year of negotiations, the Easterday bankruptcy settlement is nearing a conclusion for dozens of businesses owed money.. At a recent hearing, lawyers and Judge Whitman Holt of the ...
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Enfield Square Mall, formerly Westfield Shoppingtown Enfield Square, is an enclosed shopping mall in Enfield, Connecticut.The mall is owned by Namdar Realty LLC. At 788,000 square feet (73,200 m 2), Enfield Square Mall is the 10th largest mall in the state of Connecticut, containing 54 shops, all on one level.
In May 2016, Steeplegate Mall was bought by the New York-based Namdar Realty Group for $10.4 million. [19] As part of an attempt to diversify from traditional retail and food stores, Hatbox Theater, a live theater venue located in the former Coldwater Creek and using the adjoining former RadioShack space for storage and rehearsals, opened in ...
The National Association of Realtors (NAR) recently reached a landmark $418 million settlement that experts say could rattle the real estate industry for the better — but some vulnerable ...