Ghermezian family: The builders of North America's three largest shopping malls

The family's estates include the West Edmonton Mall in Edmonton, Alberta, and the Mall of America in Bloomington, Minnesota,[2][3] along with many other businesses. In 2011, the family's Triple Five Group acquired the troubled Xanadu Meadowlands project in New Jersey, which they renamed to American Dream. The mall opened on October 25, 2019. However, due to the COVID-19 pandemic, mall attendance has been low and due the leveraged position, it may lead to secured creditors taking up to 49% of the equity in their other mega-malls.