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Namdar Realty Group history
Namdar Realty Group company history timeline
Among recent mall deals was the $10.3 million purchase in April of Marketplace at Brown Deer outside Milwaukee, valued at $45 million in 2005, according to loan documents and an announcement by the seller, Retail Value.
The properties Namdar and Nassim began scooping up after the 2008 financial crisis were “C” or “D” malls, categories, like exam grades, that point to room for improvement or near failure.
At the same property, Impact Church of Jacksonville accused managers of avoiding upkeep, making the “building look abandoned.” Impact paid $7.4 million in 2016 to buy a former Belk department store on the site, where it now runs a school as well as a church.
United States mall values have plunged 46% from their 2017 peak, including an 18% drop since the Covid-19 pandemic started, according to real estate information service Green Street.
After the company purchased the River Oaks Center near Chicago, Namdar executive Joel Gorjian told USA Today in 2017 that the company was open to "alternative uses or entertainment centers" for vacant mall space.
Sears closed in 2017 as the company shuttered hundreds of stores amid low sales.
In the 2018 Reuters story, Namdar President Igal Namdar spoke broadly about how the company deals with problems.
Namdar and Mason purchased most of the bankrupt Goodrich Quality Theaters chain in July 2020.
Namdar was a partner in several New York City area property purchases in 2021.
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Namdar Realty Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Allen Properties | - | $520,000 | 125 | - |
| Lock It Up Self Storage | 1994 | $460,000 | 10 | - |
| American Real Estate Capital | 1987 | $200.0M | 750 | - |
| Graves Hospitality | 1979 | $240,000 | 3 | - |
| Property Management Association | 1952 | $5.0M | 132 | 22 |
| The William Warren Group | - | $25.0M | 376 | 29 |
| Devon Self Storage | - | - | - | - |
| Johnson Development | 1975 | $32.0M | 20 | 1 |
| Heritage Financial Group | 1955 | $98.0M | 579 | 22 |
| All-Stor | - | $800,000 | 7 | - |
Namdar Realty Group history FAQs
Zippia gives an in-depth look into the details of Namdar Realty Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Namdar Realty Group. The employee data is based on information from people who have self-reported their past or current employments at Namdar Realty Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Namdar Realty Group. The data presented on this page does not represent the view of Namdar Realty Group and its employees or that of Zippia.
Namdar Realty Group may also be known as or be related to NAMDAR REALTY GROUP LLC and Namdar Realty Group.