How the Ghermezian family, owners of the biggest malls in the US, made good on the American Dream

What is the American dream, anyway? The answer is in a mall in New Jersey. Our latest cover story looks at the Ghermezians, the developers of North America’s largest shopping centers, including the massive American Dream mall in New Jersey.

The family's company, Triple Five Group, rescued American Dream from near-failure and bankruptcy, and despite plenty of skepticism, the immigrant Persian-Jewish family “supersized everything" to help the second biggest mall in the U.S. succeed. But bills are coming due, and sales probably need to accelerate for one of the most dramatic bets in retail to pay off.

Check out this month's magazine at the link below, for more in-depth stories including: ⁠
-As consumers raise concerns about the value of agents, brokers reconsider how and what they're being paid
-In NYC’s world of rent-regulated distress, Greg Corbin makes bankruptcy palatable to lenders
-Developers spill on what they want in Opportunity Zone 2.0
-South Florida pushed to make tech a core part of its economy. This didn’t yield new office tenants
-After banks stepped back from CRE, Ran Eliasaf’s Northwind is riding the alternative lender wave
-#TheClosing with owner and developer Albert Friedman, known as the mayor of Chicago's River North, on his retail empire, why offices in old buildings aren’t dead and what it takes to operate a whole neighborhood
… And much more!⁠⁠

READ MORE HERE: https://therealdeal.com/magazine/latest/

TIMESTAMPS:
00:00 INTRO
00:34 GREG CORBIN'S BANKRUPTCY HANDHOLDING
06:26 GHERMEZIAN FAMILY'S AMERICAN DREAM
11:47 HOW BROKERS GET PAID

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