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Triple Five Group

Business
Report: American Dream Developer Misses Payments On $1.4B Mortgage For Mall Of America Report: American Dream Developer Misses Payments On $1.4B Mortgage For Mall Of America
Report: American Dream Developer Misses Payments On $1.4B Mortgage For Mall Of America The developer of the American Dream Mall in East Rutherford has missed two monthly payments on its $1.4 billion mortgage for the Mall of America in Minnesota, media reports say. Triple Five put up 49 percent interest in the Minnesota mall along with a second mall in Canada as collateral to obtain a $1.67 billion loan for the construction of the American Dream, the Wall Street Journal reports. Mortgage services Wells Fargo & Co. reportedly confirmed the missed payments with NorthJersey.com Tuesday. Citing the ongoing turmoil following the death of George Floyd, the Minnesota mall has po…

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by Valerie Musson
Lifestyle
Restaurants Opening This Spring In East Rutherford's American Dream Mall Restaurants Opening This Spring In East Rutherford's American Dream Mall
Restaurants Opening This Spring In East Rutherford's American Dream Mall East Rutherford’s famed American Dream Mall is continuing to prepare for its next wave of food and restaurant openings.  From upscale and Asian eats to classic American fare and more, the massive location will eventually serve as a hub for about 100 dining spots. The following restaurants are expected to open their doors at the American Dream Mall in March: Thai Express: Thai express has more than 300 locations worldwide. The fast-casual chain specializes in dishes crafted with authentic, Thai ingredients and flavors. Wendy’s: One of America’s most popular burger chain…

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by Valerie Musson
Police & Fire
Burglars Steal More Than $140K In Handbags, Jewelry From American Dream CEO's Bronx Mansion Burglars Steal More Than $140K In Handbags, Jewelry From American Dream CEO's Bronx Mansion
Burglars Steal More Than $140K In Handbags, Jewelry From American Dream CEO's Bronx Mansion Someone broke into the Bronx mansion of the American Dream mall's billionaire CEO and swiped nearly $140,000 worth of jewelry and handbags, authorities said. ** UPDATE: A $2,500 reward was being offered by the NYPD for anyone who can help lead to the arrest of the thieves ** The thieves forced their way in through a second-floor balcony of the home of Don Ghermezian in the borough's exclusive Villanova Heights section shortly after 5 p.m. Saturday, the NYPD said. Nearly 30 handbags and jewelry were taken from the 46-year-old tycoon's home, police said.  Ghermezian is the CE…

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by Cecilia Levine