Federal lawsuit claims Triple Five company and Ghermezian family members sold counterfeit hand sanitizer in 2020
A Triple Five company and members of the Ghermezian family, whose conglomerate is involved in a $40 million land deal with the Town of Riverhead, have been accused of selling counterfeit hand sanitizer beginning in the early days of the COVID-19 pandemic.
Triple Five subsidiary developing NJ megamall breached disclosure obligations and drained reserve fund: securities filing
The Triple Five company developing the 3-million-square foot mall has drained its debt reserve and has been put on notice by its bond servicer that it has not fulfilled its disclosure obligations under a grant agreement with the New Jersey Economic Development Authority.
Triple Five agreement with Brookhaven IDA for Dowling aviation campus is terminated for noncompliance
The Triple Five subsidiary that bought the Dowling College aviation campus in a bankruptcy proceeding in 2018 has been forced to terminate its benefits agreement with the Brookhaven Industrial Development Agency.
Triple Five looks to reassure Riverhead officials on Calverton land deal
In first public appearance in Riverhead Town Hall since Triple Five signed a $40 million land deal in 2018, company chairman Nader Ghermezian told the town board Triple Five wants to close as soon as the town is able.
Riverhead sues State DEC over water supply issue, permit delay at former Grumman site
Riverhead Town has filed a lawsuit challenging the DEC’s handling of a n application for a permit needed to subdivide vacant land at the EPCAL site and the agency's position that Suffolk County Water Authority, not the town, has the right to supply water to new development there.
Triple Five’s business development associate in Calverton plan partners with Riverhead on $1.75 million Smart Cities ‘testbed’ application
Arieli Capital, a technology and innovation holding company with offices in Israell and New York, brushed aside questions raised during a Chamber of Commerce Zoom meeting about the dissolution of a recent partnership for an innovation accelerator with NYU's Tandon School of Engineering, citing a nondisclosure agreement. A partner in the firm said it would "help unlock Riverhead's economic and employment potential."
Triple Five’s Mall of America is delinquent on its $1.4 billion mortgage, seeking financial relief
The company involved in the pending $40 million land deal with Riverhead Town has run into financial trouble with its mega-mall in Minnesota due to the COVID-19 crisis, which has halted completion of Triple Five's long-delayed American Dream mall in the New Jersey Meadowlands.
Triple Five brings in a new business developer with expertise in technology for EPCAL project
Calverton Aviation & Technology is ready to close on its $40 million land deal with the Riverhead Town Community Development Agency and move forward with the development of the site, according to the company’s attorney, Christopher Kent.
Triple Five agrees to provide more financial documents in EPCAL land deal
Calverton Aviation & Technology, the company in contract with the Town of Riverhead to purchase most of its remaining vacant land at the former Grumman site in Calverton, will submit updated financial documents to the town to demonstrate its ability to close the deal and develop the property.
Triple Five announces ‘Arabian Dream’ project
A week after the long-delayed partial opening of its American Dream project in the Meadowlands, New Jersey, Triple Five has announced a joint venture with a Saudi real estate company to build “the world’s largest entertainment and shopping center” in Riyadh, Saudi Arabia.