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New Partnership to Build Sustainable Boutique Hotels in North America

New Partnership to Build Sustainable Boutique Hotels in North America

by Phil Hall | Oct 24, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, WRE News Exclusive

Arthrotó, a provider of sustainable prefabricated building solutions in Canada, has partnered with Switzerland’s Riva Hospitality Group to develop eco-friendly boutique hotels and resorts in the US and Canada. Arthrotó has committed to constructing hotels that...
Denny’s to Close 150 Restaurants

Denny’s to Close 150 Restaurants

by Phil Hall | Oct 23, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The financially ailing Denny’s Corp. (NASDAQ: DENN) announced it was closing 150 of its lowest-performing restaurants, roughly 10% of its locations. According to an Associated Press report, the Spartanburg, South Carolina-headquartered Denny’s stated that...
Thompson Thrift to Develop Arizona Retail Center

Thompson Thrift to Develop Arizona Retail Center

by Phil Hall | Oct 23, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The commercial real estate developer Thompson Thrift has purchased approximately 3.68 acres of land for the creation of South Tempe Square, a 27,119-square-foot retail center in Tempe, Arizona. According to the company, the center will consist of four buildings,...
California Leads Nation with Commercial Foreclosures

California Leads Nation with Commercial Foreclosures

by Phil Hall | Oct 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A total of 695 commercial foreclosures were recorded in September, with California leading the nation in this unwelcome activity. According to new data from ATTOM, last month’s commercial foreclosure figure is down from the peak of 752 recorded in May. ATTOM...
Shari’s Restaurants Closes All 42 Oregon Locations

Shari’s Restaurants Closes All 42 Oregon Locations

by Phil Hall | Oct 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Shari’s Restaurants, the family-dining chain based in the West Coast and Northwest, has closed all 42 of its eateries in Oregon. Restaurant Business reported the Beaverton, Oregon-headquartered company has been facing allegations of unpaid rent and taxes, along...
Input Sought on Whether Property Controls Impact Canada’s Grocery Retailers

Input Sought on Whether Property Controls Impact Canada’s Grocery Retailers

by Phil Hall | Oct 22, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Competition Bureau, Canada’s independent law enforcement agency designed to protect and promote competition for the benefit of consumers and businesses, is seeking market participants for input about the use of property controls in the Canadian grocery industry....
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