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Namdar Realty Group
Namdar Realty Group is an American shopping mall investment company based in Great Neck, New York. They primarily purchase dead mall, dying or dead 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. Strategy Namdar and Mason primarily purchase malls for low prices, with various problems, but do not invest in improving them. The deals for these malls are done in cash. Most malls they purchase are in markets considered B and C grade. Because of this low price/maintenance, they have a high return on investment. Namdar's primary source of investment capital comes from bonds on the Tel Aviv Stock Exchange. Namdar and Mason often charge lower rent to keep mall vacancies low. They will also split properties to sell off individual pieces. The companies also work with Uber Capital Group LLC and Gorjian Acquisitions to acquire properties. CH Capital Group has become a partner in sev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Neck, New York
Great Neck is a region contained within Nassau County, New York, Nassau County, New York (state), New York, on Long Island, which covers a peninsula on the North Shore (Long Island), North Shore and includes nine incorporated villages, among them Great Neck (village), New York, Great Neck, Great Neck Estates, New York, Great Neck Estates, Great Neck Plaza, New York, Great Neck Plaza, Kings Point, New York, Kings Point, and Russell Gardens, and a number of unincorporated areas, as well as an area south of the peninsula near Lake Success, New York, Lake Success, North New Hyde Park, New York, North New Hyde Park, and the border territory of Queens. The incorporated village of Great Neck had a population of 9,989 at the 2010 United States Census, 2010 census, while the larger Great Neck area comprises a residential community of some 40,000 people in nine villages and Hamlet (New York), hamlets in the town of North Hempstead, New York, North Hempstead, of which Great Neck is the nort ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jennifer Furniture
Jennifer Furniture (formerly Jennifer Convertibles) is an American retail company, based in Great Neck, New York. The company is owned by John Garg and the Namdar Realty Group. History and operations The company was founded in 1975 in Woodbury, New York. On July 19, 2010, the company announced that it had filed for Chapter 11 bankruptcy as a consequence of "substantial losses". According to ''Furniture Today'' magazine, the company was number 48 among furniture retailers with around US$114 million in sales for its fiscal year ending August 29, 2009. It subsequently emerged from Chapter 11 under the control of its major supplier, the Haining Mengnu Group. In 2020 "Jennifer Furniture" brand along with the company assets was purchased by JenniferOpCo. Presently the company 6 stores and its online channel is owned and operated by JenniferOpCo. John Garg, CEO of Jennifer OPCO LLC, is teaming up with another retailer to reintroduce Klaussner Home Furnishings in the retail market ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Mall (Fort Smith, Arkansas)
Central Mall is a shopping mall located in Fort Smith, Arkansas. It opened in 1971 and is anchored by Dillard's and JCPenney. The mall is owned and managed by Namdar Realty Group. History Renovation The mall underwent a major renovation in 1999, which included new flooring, skylights, interior finishes and site lighting. Other improvements include a domed food court with an outside dining area, a seating capacity of 350, and a children's soft play area constructed in 2002. Sears closure On January 28, 2018, the mall lost one of its anchor tenants when Sears permanently closed. Abercrombie & Fitch closure In late 2020, A&F Announced that it was going to close the doors to many of its locations. Central Mall was one of those locations. The location closed on February 16, 2021. Anchor tenants * Dillard's * JCPenney Penney OpCo LLC , Trade name, doing business as JCPenney (colloquially Penney's and abbreviated JCP) is an American department store chain store, chain with 6 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Logan, Utah
Logan is a city in Cache County, Utah, United States. The 2020 United States Census, 2020 census recorded the population at 52,778. Logan is the county seat of Cache County and the principal city of the Logan metropolitan area, which includes Cache County and Franklin County, Idaho. The Logan metropolitan area contained 147,908 people as of the 2020 census. Logan has the main campus of Utah State University. History The town of Logan was founded in 1859 by settlers Brigham Young sent to survey for the site of a fort near the banks of the Logan River (Utah), Logan River. They named their new community "Logan" for Ephraim Logan, an early fur trapper in the area. Logan was incorporated on January 17, 1866. Brigham Young College was founded here on August 6, 1877 (and closed in 1926), and Utah State University, then called the Agricultural College of Utah, was founded in 1888. Brigham Young College, a college run by the Church of Jesus Christ of Latter-day Saints, was in Logan from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cache Valley Mall
Cache Valley Mall was a shopping mall located in Logan, Utah that opened on July 29, 1976 and closed on April 1, 2024; demolition began later that month. The mall had three anchors last occupied by C-A-L Ranch, Herberger's and JCPenney. The mall site was owned by Namdar Realty Group. History The mall was in planning as early as 1972, when the Logan City Commission refused to rezone land for the mall, leading to the developers bringing a lawsuit against the commission. Plans re-emerged in 1974, with developers John Price Associates announcing it as a 300,000 square foot mall to include 3 department store anchors, a supermarket, a bank, and "dozens" of small businesses, with an opening date sometime in 1976. Construction had begun by 1975, with anchors JCPenney, ZCMI, and Ernst-Malmo (later specified as Ernst Home Center) announced at this time. An opening of late July 1976 was announced by February that year, with additional tenants including Logan Savings and Loan, Karmelkorn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wyomissing, Pennsylvania
Wyomissing is a borough in Berks County, Pennsylvania, United States, adjacent to Reading. The borough was incorporated on July 2, 1906. As of the 2020 census, the population was 11,114, compared to 10,461 at the 2010 census. The growth was significantly larger between 2000 and 2010 largely because of its merger in January 2002 with neighboring Wyomissing Hills. Wyomissing is the most populous borough in Berks County. The borough is recognized as a Tree City USA and selected as a "Contender" for the best places to live in Pennsylvania by ''Money'' magazine. Geography Wyomissing is located in central Berks County at (40.332742, −75.964603). It is bordered by the city of Reading to the northeast and southeast, by West Reading directly to the east, by the borough of Shillington and Cumru Township to the south, by Spring Township to the west and northwest, and by Bern Township to the north. From south to north, the west side of Wyomissing is bordered by the unincorpora ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Berkshire Mall (Pennsylvania)
Berkshire Mall is an enclosed shopping mall in Wyomissing, Pennsylvania, a suburb to the west of Reading in Berks County. Berkshire Mall is accessible from US 222/US 422 ( Warren Street Bypass) at the Paper Mill Road interchange or the State Hill Road interchange. The main entrances to the mall are located along Woodland Road or State Hill Road. The mall first opened on February 10, 1970 and currently features Boscov's. History Planning for the mall began in the late 1960s. Sears was announced to be the first major planned tenant in November 1967, to replace its nearby Shillington location which had opened in 1956.(26 November 1967)Sears Going to Berkshire Mall With Enlarged Store ''Reading Eagle''(25 October 1956)Sears, Roebuck Opens New Store on Lancaster Avenue ''Reading Eagle'' Construction got underway in 1968, with an "official" kickoff in November of that year.(22 November 1968)Berkshire Mall Building Starts ''Reading Eagle''(14 November 1969This aerial view ... ''Readi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangor, Maine
Bangor ( ) is a city in and the county seat of Penobscot County, Maine, United States. The city proper has a population of 31,753, making it the state's List of municipalities in Maine, third-most populous city, behind Portland, Maine, Portland (68,408) and Lewiston, Maine, Lewiston (37,121). Bangor is known as the "Queen City". Modern Bangor was established in the mid-19th century with the lumber and shipbuilding industries. Due to the city's location on the Penobscot River, logs could be floated downstream from the Maine North Woods and processed at the city's water-powered sawmills, then shipped from Bangor's port to the Atlantic Ocean downstream, and from there to any port in the world. Evidence of this is still visible in the lumber barons' elaborate Greek Revival and Victorian architecture, Victorian mansions and the 31-foot-high (9.4 m) statue of Paul Bunyan. Today, Bangor's economy is based on services and retail, healthcare, and education. Bangor has a port of entry a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangor Mall
Bangor Mall is a shopping mall in Bangor, Maine, United States. Located off the Stillwater Avenue exit on Interstate 95, it serves as a shopping center for the surrounding Bangor area. Current stores include JCPenney and Dick's Sporting Goods. Previous anchors include Sears, which closed in 2018; Macy's (originally Filene's, which opened in 1998), which closed in 2017 and became Furniture, Mattress and More in 2018; and Porteous, which closed in 2003 and became Dick's Sporting Goods in 2004. The former Sears space now stands condemned for building code violations after a convicted fraudster attempted to convert it into a used car dealership. Bangor Mall is managed by Namdar Realty Group, which acquired the mall for $12.6 million in 2019 after Simon Property Group defaulted on an $80 million loan. Built in 1977 on a former dairy farm and opened in October 1978, the mall sits on Stillwater Avenue north of Bangor's central business district. It can be reached from nearby Inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lafayette, Louisiana
Lafayette ( , ) is the most populous city in and parish seat of Lafayette Parish, Louisiana, Lafayette Parish in the U.S. state of Louisiana, located along the Vermilion River (Louisiana), Vermilion River. It is Louisiana's List of municipalities in Louisiana, fourth-most populous city with a 2020 United States census, 2020 census population of 121,374; the consolidated city-parish's population was 241,753 in 2020. The Lafayette metropolitan area, Louisiana, Lafayette metropolitan area was Louisiana's third largest metropolitan statistical area with a population of 478,384 at the 2020 census. The Acadiana region containing Lafayette is the largest population and economic corridor between Houston, Texas and New Orleans. Originally established as Vermilionville in the 1820s and incorporated in 1836, Lafayette developed as an agricultural community until the introduction of retail and entertainment centers, and the discovery of oil in the area in the 1940s. Since the discovery of o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Acadiana Mall
Acadiana Mall (French: Centre commercial de l’Acadiana) is an enclosed regional shopping mall in the city of Lafayette, Louisiana, located at the intersection of Johnston Street (U.S. Route 167) and Ambassador Caffery Parkway ( Louisiana Highway 3073). It opened in 1979 and was developed by Robert B. Aikens & Associates, but is now owned by Namdar Realty Group. Currently, Acadiana Mall houses two department store anchors (Dillard's and JCPenney). In 2015, Sears Holdings spun off 235 of its properties, including the Sears at Acadiana Mall, into Seritage Growth Properties. Sears closed in September 2017 leaving its site vacant. On June 4, 2020, it was announced that JCPenney would be closing as part of a plan to close 154 stores nationwide. However this store was removed from the closing list on July 13, 2020. JCPenney built in 1990 on the site of a closed Selber Brothers, while Dillard's was formerly D. H. Holmes. The Macy's store opened as Goudchaux's/Maison Blanche, and was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Washington Prime Group
Washington Prime Group Inc. is an American real estate investment trust that invests in shopping centers. The company is organized in Indiana with its headquarters in Columbus, Ohio. From January 2015 to September 2016, the company had the name WP Glimcher. On June 13, 2021, Washington Prime filed for Chapter 11 bankruptcy. Investments As of , the company owned interests in 89 shopping centers. Properties owned by the company include the following: History On May 28, 2014, the company, which at that time owned interests in 98 shopping centers, was spun off by Simon Property Group. In June 2014, the company acquired its partner's 50% interest in Clay Terrace for $22.9 million. In January 2015, the company acquired Glimcher Realty Trust in a $4.3 billion transaction and the company was renamed as WP Glimcher. As part of the transaction, Jersey Gardens in Elizabeth, New Jersey and University Park Village in Fort Worth, Texas, were sold to Simon Property Group, while WP Glimcher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
