Palisades Mall Files Tax Challenge In Supreme Court
Eklecco NewCo LLC, the company that owns the Palisades Center in West Nyack on Friday filed a petition for a tax certiorari in Rockland County’s Supreme Court.
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Tag: Palisades Center
Let Clarkstown Voters Decide Fate Of Mall’s Restrictive Covenant On Nov. 3
The Clarkstown town board on Thursday voted unanimously to add a ballot question to the Nov. 3rd general election asking voters whether or not they want to lift a restriction that prohibits the Palisades Center from building out and leasing existing space.
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Palisades Center Avoids Foreclosure, For Now
The maturity date for the loan has been extended to either October 2021 or whenever Palisades Center pays off the last of the 12 monthly installments, whichever comes first.
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Palisades Center Likely To Lose New York & Co.
New York & Co. parent company RTW Retailwinds has filed for Chapter 11 bankruptcy protection and plans to permanently close most if not all of its stores, which may include the location at the Palisades Center.
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Growing List Of Closures & Bankruptcies Imperils Malls
Coresight Research estimates 20,000 to 25,000 stores could permanently close in the U.S. this year, with 55% to 60% of those closures in malls.
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Majority Of Clarkstown Council Wants Voter Referendum On Palisades Center On Nov. Ballot
Clarkstown has until August 3rd to decide whether it will put a referendum on the Nov. 3rd ballot for voters to allow The Palisades Center to expand into its unused space.
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Simon Property Sues Gap Over Rent Stoppage During Pandemic
Indianapolis-based Simon Property Group has sued The Gap Inc. and associated entities for breach of contract and willfully withholding rent during the coronavirus pandemic.
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Malls Could Reopen Mid-June But How Much Collateral Damage Has Lockdown, Previous Weaknesses Caused?
The Palisades Center did not make April or May mortgage payments and an insider familiar with The Pyramid Group says a June payment is “not likely,” because stores are not on track to open until mid-month.
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Malls Begin Re-Opening But Will They Remain Vital?
Malls around the nation that had been closed since March to prevent the spread of COVID-19 began opening within the last two weeks, but foot traffic remained anemic, according to data from Placer.ai.
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J. Crew Files Chapter 11 Bankruptcy; Pandemic’s First Retail Casualty
J.Crew is the first company to file for bankruptcy during the COVID-19 pandemic and analysts expect the list will grow longer.
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