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Kohan Retail Investment Group, a New York-based shopping mall investment company, has bought Montgomery Mall in a foreclosure sale for $55 million, writes Natalie…
In another sign of the financial woes plaguing shopping malls, the Montgomery Mall was foreclosed on earlier this month. The owners were Simon Property Group…
To no one’s surprise, malls were heavily impacted by the COVID-19 restrictions of the last year and a half that caused real estate…
Everyone is well aware that the circumstances of the last year have caused shopping malls to struggle, but analysts now have data to ascertain just…
In a retail climate where many are having trouble even collecting rent, Simon Property Group, owner of both the King of Prussia Mall and Montgomery…
After JC Penney went bankrupt back in May due to the strain of lost business from COVID-19’s quarantine, rumors quickly began that the…
A $100 million loan backed by the Montgomery Mall could be facing default and may result in its owner, Simon Property Group, relinquishing the property…
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