al., No. The new owner is Namdar Realty Group of Great Neck, New Namdar Realty Group, the new owner of the Beaver Valley Mall, plans to continue to run the property as a mall, according to the Beaver County Times. (516) 773-0010 ext. But that is exactly what two little-known, family-owned investment firms - Namdar Realty Group and Mason Asset Management - are doing here and across the country. PREIT sells property to Namdar Realty Group for $23M. HAMILTON TOWNSHIP The Hamilton Mall has been sold to New York-based Namdar Realty Group, A The deed has not been filed with the county Clerks Office, so pricing information is The Rent Zestimate for this home is $2,575/mo, which has decreased by $320/mo in The new owners of the struggling Marley Station Mall said this week they are launching an aggressive leasing strategy to lure new retailers. The new owners, New York-based Mason Asset Management and Namdar Realty Group, announced the sale of the mall via a press release to city officials. Wiregrass Commons Mall now has its third different owner in three years after California-based Farallon Capital Management sold the facility to New York-based Namdar The mall in Meriden has a new owner as of Friday. Follow Us. February 7, "We specialize in centers that are being run poorly," Joel Gorjian, Namdar's head of property acquisitions and sales, told the Florida Times-Union as the company's ownership 11 Hidden Lakes Ln, Bluffton, SC is a single family home that contains 2,272 sq ft and was built in 2002. Namdar Realty Inc. Nassau, New-york,United-states - 11514. It is owned by Namdar Realty Group. Igal Namdar. Namdar Realty Group acquired the mall in 2016 at an auction. The mall in Meriden has a new owner as of Friday. of anchor tenants: 4: Total retail floor area: 2) No. Namdar and Mason are both family owned, and as of 2021, own over 400 properties including 100 plus malls. The Zestimate for this house is $422,400, which has decreased by $23,173 in the last 30 days. An ownership group that includes Mason Asset In 2018, a federal judge transferred management of Acadiana Mall to Spinoso Real Estate Group after CBL defaulted on millions of dollars in loans. The new owner of the outdoor mall is listed as Lebanon Realty LLC, and tied to Namdar Realty Group in Great Neck, New York, according to records from the Wilson County The mall was purchased by Namdar Realty Group, a company headquartered in New York, on Dec. 20. Namdar Realty Group is a privately held, commercial real estate investment firm, owning and managing over 55 million square feet of commercial real estate throughout the United States. Mike Radzik, Ypsilanti Township's director of the office of community standards, said officials met with the company, New York-based Namdar Realty Group, on March 1. The new owner, an investment firm that specializes in troubled malls, bought the malls mortgage from John Hancock Life Insurance Co., its former holder. of stores and services: approx. Namdar Realty Group, a New York-based commercial real estate firm, quietly purchased The Gallery at South DeKalb for $19.3 million during an early December auction. Owner: Namdar Realty Group: No. of stores and services: 90+ No. Mall Owners Lose Again As Bon-Ton Prepares To Liquidate Assets, Close All Stores. They primarily purchase troubled shopping malls with partner Mason Asset Management. Namdar and Mason are both family owned, and as of 2021, own over 400 properties including 100 plus malls. Marty Bassaly. Namdar Realty Group. Now that the Imperial Mall is permanently closed, building owner Namdar Realty Group must adhere to the International Fire Code or facing a growing list of fines from the city An ownership group that includes Mason Asset Management and Namdar Realty Namdar Realty has requested a deed-in-lieu for a $33.3 million loan backing a 450,000-square-foot mall in Saginaw Namdar Realty Group, Mason Asset Management and CH Capital Group partnered to buy the mall, a spokesperson for the group confirmed. Find of floors: 1: College Location. The collateral was valued at $158.6 million in 2012. Mason president Elliot Nassim, 40, whose cousin married Namdar, focuses on leasing and redevelopment while Namdar oversees property management. CFO. For over three generations, Namdar Group has grown into a premier, full-service commercial real estate development, construction and management The sellers were a group of owners that also own the mall: NW Arkansas Mall Realty LLC, led by Igal Namdar; NW Arkansas CH LLC, led by Matin Hakimi; and NW Arkansas Nassim LLC, led by Elliot Nassim. Founded in 1999, Namdar started with a single acquisition of a small retail storefront in Long Island, NY. of anchor tenants: 13: Total retail floor area: 2) On May 24, 2019, Namdar Realty Group announced the closing of the mall and gave the tenants 30 days to vacate the building. Months ago, the Namdar Realty Group: Owner: Namdar Realty Group: No. Linkedin; Updated: Feb. 26, 2020 at 9:48 PM CST AMARILLO, Texas (KFDA) - Today Westgate mall was purchased by a group of New York investors. Amarillos Westgate Mall sold to new owners. Owner: Namdar Realty Group: Architect: Derwood Quade: No. Updated Aug 5, 2015, 2:44pm EDT. The Namdar Group and Modern Spaces have launched leasing at MRK, a new 16-story rental building at at 97 Newkirk Street in Jersey Citys Journal Square neighborhood. It contains 4 bedrooms and 3 bathrooms. But the malls owner, Namdar Realty Group, did not disclose any of that to its tenants, a handful of retailers alleged. When the issue was raised, Namdar painted over the water stains and the problem got worse as mold grew and another leak developed, International Decor Outlet asserted in a 2017 suit. Namdar Realty Group, Klosed Properties, and Troy Kordvani through the entity 666 9th Bh LLC paid $3.5 million to Angelo Vita, Vincenzina Vita, Lina Zullo, and John Rossillo through the entity J & L Management Company Of New York LLC for midblock eight-unit residential walkup building at 666 9th Avenue in Hells Kitchen, Manhattan. Namdar Realty Group is based in Great Neck, New York. Noreply@vimarsana.com Namdar Realty Group, located in New York, is a privately held commercial real estate investment and management firm who own over 15 million square fe read more CATEGORY: One of the largest regional mall owners in the country recently purchased a foundering mall in Dekalb County for more than $19 million. It was formerly owned by Spinoso Group. 10: No. Namdar Realty Group Igal Namdar CEO (516) 773-0010 Namdar owns and operates retail property throughout the United States. 52 customer reviews of Namdar Realty Group. They primarily purchase troubled shopping malls with partner Mason Asset Management. One of the best Commercial Real Estate, Real Estate business at 150 Great Neck Rd #304, Great Neck Plaza NY, 11021 United States.
Jimenez is the owner of Jimenez Marble in Lowell. The Business Times When the issue was raised, Namdar painted over the ENFIELD, Conn. Enfield Square Mall sold at auction in December to Namdar Realty Group of Long Island, New York, for $11.4 million. CATEGORY: ACQUISITIONS REGION: OTHER PROPERTY: PITTSBURGH MILLS POSTED ON: APRIL, 10 2018. Namdar Realty Group is a privately held, commercial real estate investment firm, owning and managing over 56 million square feet of commercial real estate throughout the United States. Ownership is targeting big-box tenants for 1960s Decatur shopping complex. The ownership group includes Mason Asset Management and Namdar Realty Group.
CUMBERLAND The new owner of the Country Club Mall is no longer a mystery. The mall anchors are Macy's, Macy's Home, and Boscov's. The Gallery at South DeKalb, which has several vacant storefronts, was sold to Namdar Realty Group for about $19.3 million in a December auction.Thomas Dobrowski, vice Namdar Realty Group, a New York-based commercial real estate firm, quietly purchased The Gallery at South DeKalb for $19.3 million during an early December auction. Namdar Realty Group is a shopping mall investment company based in Great Neck, New York. The new owner of Stratford Square Mall is looking to get money from a 1% sales tax on all purchases at the Bloomingdale shopping center. 2:2020cv05649 - Document 32 (E.D.N.Y. 11. It doesnt seem like the malls owner, Namdar Realty Trust of New York, has any immediate plans to tear down or add onto the 480,000-square-foot mall, since it The Gallery at South Dekalb, which has several vacant storefronts, was sold to Namdar Realty Group for about $19.3 million in a December auction. Enfield Square Mall was sold for $11.4 million at auction in December 2018 to a group that includes Mason Asset Management and Long Island-based Namdar Realty Group. Brookfield Properties and Namdar Realty are separately requestingContinue New owners promise retail revival for Gallery at South DeKalb mall. Yelp is a fun and easy way to find, recommend and talk about whats great and not so great in Great Neck Plaza and beyond. NAMDAR REALTY GROUP is a Long Island-based real estate investment and advisory company with expertise in the acquisition, management, disposition, and leasing of commercial According to real estate data firm Trepp, Namdar and Mason bought 22 properties that were being sold in bankruptcy auctions between the start of 2015 and the end of 2017, Learn more about Namdar Realty Group in commercial real estate. Articles about Namdar Realty Group from Commercial Observer, New Yorks authority on commercial real estate leasing, financing, deals and culture. All trademarks, logos, service marks and trade names are proprietary to Namdar Realty Group or other respective owners that have granted the Site the right and license to use such The malls current owner, Namdar Realty Group, purchased the property in 2020, and the general manager didnt think much of the Burger King, the newspaper said. Namdar acquires Pittsburgh Mills. Advertisement Months ago, the Florence Mall and its debt were returned to Key Bank, which posted the two-story, 940,000 square-foot shopping center for sale through Capital Markets, a brokerage firm in New York. Zestimate Home Value: $440,000. He expects a flurry of deals in 2022 as more owners of troubled retail properties head for the exits. Namdar Realty Group. Namdar and But the malls owner, Namdar Realty Group, did not disclose any of that to its tenants, a handful of retailers alleged. ENFIELD, Conn. Enfield Square Mall sold at auction in December to Namdar Realty Group of Long Island, New York, for $11.4 million. Decatur. Genesee Valley Center gets FILE PHOTO - A store vacancy sign hangs at a property owned by Mason Asset Management and Namdar Realty Group at Matteson Town Center in Matteson, Illinois, U.S., October 12, 2017. Namdar Realty Group announced Friday it closed its acquisition of the mall on Lewis Avenue from Unibail-Rodamco-Westfield. Namdar Realty Group is a privately held, commercial real estate investment firm, owning and managing over 35 million square feet of commercial real Owner: Big Sports Properties: No. But village officials say Namdar Namdar Realty Group is on a buying spree, adding seven malls to its portfolio in 2019. New owner of Flint's Eastridge Commons shopping plaza says he sees value that others ignored. Through the Saginaw County Circuit Court, officials say the mall in fall 2020 entered receivership after its owner Great Neck, New York-based Namdar Realty Group Now that the Imperial Mall is permanently closed, building owner Namdar Realty Group must adhere to the International Fire Code or facing a of stores and services: 50+ No. New owners promise retail revival for Gallery at South DeKalb mall. The sale of the only shopping mall in Linn and Benton counties was recorded on March 30 by the Linn County Assessors Office. Pittsburgh Mills shoppers The owners said the mall is "in full operation" and that it will "remain open for the foreseeable future." 2022 News. Namdar Realty Group, the new owner of the Beaver Valley Mall, plans to continue to run the property as a mall, according to the Beaver County Times. Our Story Namdar Group. Namdar Realty Group announced Friday it closed its acquisition of the mall on Lewis Avenue from Unibail-Rodamco Updated: Mar. Your browser does not support the video tag. Namdar Realty Group is a privately held, commercial real estate investment firm, owning and managing over 56 million square feet of commercial real estate throughout the United States. Founded in 1999, Namdar started with a single acquisition of a small retail storefront in Long Island, NY. February 7, 2022 by Josh Green. CUMBERLAND The new owner of the Country Club Mall is no longer a mystery. of anchor tenants: 4 (3 open, 1 vacant) Total retail floor area: 653,000 square feet (60,700 The Namdar Realty Group names and logos, all product and service names, all custom graphics, all button icons, and all trademarks, service marks and logos appearing within this Site, unless otherwise noted, are trademarks (whether registered or not), service marks and/or trade dress of Namdar Realty Group (the Namdar Realty Group Marks). of stores and services: 52 (Open) No. 10, 2012, Namdar Realty Group is based in Great Neck, N.Y. The partners, based in Great Neck, New York, manage shopping centers across the country. Decatur. Formerly known as South DeKalb Mall, the center was recently sold to Namdar Realty Group for $19.3 million in a December auction. Namdar Realty Group in Great Neck Plaza, reviews by real people. HAMILTON TOWNSHIP The Hamilton Mall has been sold to New York-based Namdar Realty Group, A The deed has not been filed with the county Clerks Office, so (516) 773-0010. igal@namdarllc.com. Namdar Realty Group, a New York buyer of distressed malls across the country, is seeking approval from the city of Hazelwood to create dozens of commercial condos at the 1.2 million Namdar Realty Group LLC et. Story continues. Articles about Namdar Realty Group from Commercial Observer, New Yorks authority on commercial real estate leasing, financing, deals and culture. An ownership group that includes Mason Asset Management and Namdar Realty Group, a New York-based partnership that manages shopping centers across the country, announced Thursday that it purchased the facility during a November auction. From staff reports. Documents obtained by the Business Journal show the company had tried cutting costs after the mall's net Aug 5, 2015. But the malls owner, Namdar Realty Group, did not disclose any of that to its tenants, a handful of retailers alleged. Jared Chupaila, CEO of Brookfield Properties retail group, with Florence Mall and Fashion Square (Brookfield, TripAdvisor, iStock) Some mall owners have given up trying to revive their struggling malls and pay off their debt payments and are now seeking to hand over the keys to their servicers. The ownership group that includes Mason Asset Management and Namdar Realty Group the Great Neck, New York-based partnership which leases and manages shopping The previous owner, Thor Equities, defaulted on a commercial mortgage-backed securities loan, leading to the recent auction sale. Last week, owner Namdar Realty Group sent letters to tenants noticing them that the mall is closing "due to unforeseen circumstances and financial hardship." Now that the tweet about the Burger King has sparked new attention, Dahlke said the mall is hoping to get the site filled again. bought 12 units on Betty Jo Drive that total 12,800 SF. It owns more than 200 retail properties across the country, although the Acadiana Mall marks its first Louisiana In 2019, Namdar Realty Group purchased the mall. CEO. The owners would have to come back to the town for permission to demolish buildings or add new structures. The new owners, New York-based Mason Asset Management and Namdar Realty Group, announced the sale of the mall via a press release to city officials. Advertisement. Adam Aziz. Mason Asset Management, in partnership with Namdar Realty Group, purchased the mall earlier this month, from the Wilder Companies, for $4.25 million, a fraction of its The owners of a 1.4-million-square foot Chicago-area mall are denying racism allegations made by a local mayor of a predominately Black Chicago suburb. In mid-December, New York-based Namdar Realty Group announced it purchased and will rehab the struggling and mostly vacant Gault Village Shopping Plaza in Ypsilanti Township. Namdar Realty Group, the Long Island, New York-based real estate investment firm, has about 54 million square feet across the country. Namdar, owner of 223 properties, Ownership is targeting big-box tenants for 1960s Decatur shopping complex. The new owners of Florence Mall are already working on plans to improve one of Greater Cincinnatis largest malls. Uniontown Mall is a regional enclosed shopping mall in South Union Township, Fayette County, Pennsylvania, just outside the city of Uniontown.The anchor stores are JCPenney, TTEC, Crown Antique Mall and Crossfit Uniontown.There are four vacant anchor stores that were once The Bon-Ton, Sears and Burlington Coat Factory, as well as AMC Theatres, which departed 167. marty@namdarllc.com. The mall will be redeveloped into a sports complex called POWERplex STL. Photo by Laurie Skrivan, Last week, owner Namdar Realty Group sent letters to tenants noticing them that the mall is closing "due to unforeseen circumstances and financial hardship."