Saturday, November 23, 2024
Read the Digital Magazines
Subscribe

Company news

WHP-Global-New-Flagship-American-Dream
Company newsLeasingNew JerseyNews

Babies”R”Us Opens Flagship Store at American Dream Development in Metro New York City

by Hayden Spiess

East Rutherford, N.J. — Babies”R”Us has opened flagship store at American Dream, a 3 million-square-foot retail development located in East Rutherford, roughly 13 miles outside New York City. In addition to a baby registry lounge, nursery design center, learning center and comfort zone, the store features interactive experiences. This marks the return of the chain to the U.S. following WHP Global’s acquisition of both the Babies”R”Us and Toys”R”Us brands in 2021 and the opening of a Toys”R”Us flagship store last year. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Hardee's
AlabamaCaliforniaCompany newsFloridaGeorgiaInvestment salesKansasMissouriMontanaNewsRestaurantsSouth CarolinaWyoming

High Bluff Capital to Acquire 81-Restaurant Hardee’s Portfolio

by Hayden Spiess

San Diego — High Bluff Capital Partners will assume ownership of a portfolio comprising 81 Hardee’s locations following an auction. Located in Alabama, Florida, Georgia, Kansas, Missouri, Montana, South Carolina and Wyoming, the restaurants were previously owned by franchisee Summit Restaurant Group, which filed for Chapter 11 bankruptcy in May of this year. The transaction is expected to close in August. Dave Dixon will oversee operation of the restaurants. “High Bluff is the ideal partner to support our efforts…while making critical investments in restaurant remodels and other initiatives to boost traffic …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsFinanceNew JerseyNews

All 120 Buy Buy Baby Stores to Close

by Hayden Spiess

Union, N.J. — All 120 Buy Buy Baby stores will close following the bankruptcy of its parent company, Bed Bath & Beyond, reports CNBC. Bed Bath & Beyond, which filed for Chapter 11 bankruptcy in April, previously planned to sell the chain, with brand management firm Go Global Retail interested in acquiring Buy Buy Baby and continuing to run its stores. Instead, Dream on Me Industries has purchased the brand’s trademark and digital assets for $15.5 million. Buy Buy Baby’s website reports that though stores currently remain open, they have “made the difficult …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsDelawareIndianaInvestment salesKentuckyMarylandMichiganNew YorkNewsOhioPennsylvaniaRestaurantsVirginia

Necessity Retail REIT Sells 44 Bob Evans-Leased Properties for $93 Million

by Hayden Spiess

New York City — The Necessity Retail REIT Inc. (RTL) has completed the sale of 44 properties leased to Bob Evans restaurants for a total $93 million. The restaurants are located in Kentucky, Indiana, Ohio, Michigan, Delaware, Pennsylvania, Virginia, West Virginia and Maryland. “With this sale, we have intentionally reduced our total portfolio exposure to fast casual dining to less than 2 percent from 4 percent, based on annualized straight-line rent,” says Michael Weil, chief executive officer of RTL. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsMassachusettsNews

Christmas Tree Shops to Close All 70 Stores

by Hayden Spiess

Middleborough, Mass. — Massachusetts-based Christmas Tree Shops will close all of its roughly 70 stores, reports CNN. Previously, the chain planned to sell, following filing for Chapter 11 bankruptcy in May. Now, all stores will be closed, unless a last-minute buyer comes forward. Formerly, the brand was owned by Bed Bath & Beyond, which sold the concept to Handil Holdings in 2020 and filed for bankruptcy itself earlier this year. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Lance-Taylor
ColoradoCompany newsNews

Lance Taylor Joins NewMark Merrill as Vice President of Acquisitions and Development 

by Hayden Spiess

Westminster, Colo. — Lance Taylor has joined NewMark Merrill Cos. as vice president of acquisitions for the firm’s Mountain States division, based in Westminster. Taylor, who has 30 years of experience in the industry, will source and oversee property acquisitions and identify and manage new development projects in the region. Most recently he served as principal of real estate investments and development for SL Taylor Investments LLC. NewMark Merrill Mountain States currently owns and operates 10 retail centers totaling 1,500,000 square feet. 

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCompany newsFinanceNews

Westfield Pulls Out of San Francisco, Surrenders Mall to Lender

by Hayden Spiess

San Francisco — Westfield plans to pull out of San Francisco and surrender the San Francisco Centre mall to the property’s lender, reports CNN. The decision follows the closure of stores including Banana Republic and Nordstrom. A spokesperson for Westfield previously attributed the closure of the latter to “unsafe conditions for customers, retailers and employees.” According to SFGATE, Westfield and its partner, Brookfield Properties, have ceased loan payments on the mall. In a statement provided to the publication, Westfield noted that it has operated San Francisco Centre for more than …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsFinanceNew YorkNews

A&G Taking Offers on 49 David’s Bridal Leases

by Hayden Spiess

Melville, N.Y. — A&G Real Estate Partners is entertaining offers on 49 David’s Bridal leases throughout the country in its capacity as real estate advisor to the brand, which filed for Chapter 11 bankruptcy in April of this year. The stores range in size from roughly 5,000 to 15,000 square feet. Transactions must be presented for bankruptcy court approval by June 30. A&G additionally plans to hold an auction in July of a select group of David’s Bridal leases. “Second-generation space is in strong demand nationally for a variety of reasons …

Continue Reading
0 FacebookTwitterLinkedinEmail
Fountain-Square-Brookfield-WI
Company newsNew YorkNews

Global Net Lease to Acquire Necessity Retail REIT, Creating $9.6 Billion Shopping Center Company

by Hayden Spiess

New York City — Global Net Lease (NYSE: GNL) and The Necessity Retail REIT (NASDAQ: RTL) have entered into a merger agreement under which GNL will acquire RTL in an all-stock transaction. The combined company is expected to own and manage over 1,350 properties with an aggregate real estate asset value of approximately $9.6 billion. Under terms of the merger agreement, GNL stockholders are expected to own approximately 45 percent of GNL post-closing, RTL stockholders are expected to own about 39 percent, and the owner of the former external manager are …

Continue Reading
0 FacebookTwitterLinkedinEmail
City-West
Company newsFinanceNewsTexas

Crow Holdings Forms $2.6 Billion Joint Venture Targeting Shopping Center Investment 

by Hayden Spiess

Dallas — Crow Holdings, through its investment management business Crow Holdings Capital (CHC), has announced a joint venture with an undisclosed global institutional investor focused on retail investment. The $2.6 billion partnership will expand Dallas-based CHC’s investment strategy of acquiring small-format, convenience-oriented open-air shopping centers and was formed through a recapitalization of a $1.8 billion, 173-property portfolio owned by two real estate funds managed by CHC. The platform’s portfolio includes properties located in more than 50 cities across more than 30 states. “We have an incredible opportunity to continue to aggregate …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts