YayforFriday t1_ja4ulxh wrote on February 26, 2023 at 9:21 PM

Their Wikipedia page is quite a trip. Looks like not paying the bills is part of the business model.

WikiSummarizerBot t1_ja4unbk wrote on February 26, 2023 at 9:21 PM

>Kohan Retail Investment Group is a shopping mall investment company based in Great Neck, New York. They primarily purchase endangered/troubled shopping malls.

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RealMainer t1_ja7u5c5 wrote on February 27, 2023 at 2:23 PM

They are probably trying to scare off what remaining tenants are in the building so they can convert it to some other use.

Either that or they are just out of business. Buying dead malls does not seem like a great investment.

GrowFreeFood t1_ja7wgnt wrote on February 27, 2023 at 2:40 PM

Doesn't the government just bail out all these scummy businesses? I thought that was the business model used by Walmart, banks, manufacturers and many other companies

Munrowo t1_ja8tnyp wrote on February 27, 2023 at 6:20 PM

i saw an idea someone had about converting dead malls into low income housing/groceries and whatnot, like a mini town. could be worth looking into!

Kai_Emery t1_ja5vvi5 wrote on February 27, 2023 at 1:52 AM

This reminds me of the investment group that bought up Hahanemann Hospital in Philly just to let it go under and turn it into luxury? housing.

MothNomLamp t1_ja6r8ql wrote on February 27, 2023 at 6:41 AM

And the owner of the company seems to have 6+ different aliases too (see wikipedia notes section)