Dallas-headquartered TGI Fridays has become the latest restaurant chain to face acute financial problems, with a Chapter 11 bankruptcy protection filing on Saturday designed to “ensure the long-term viability” of the casual dining brand. The Associated Press reports...
A pushback against offshore wind turbines, an indefinite delay on an important decision and a landmark law turns 50. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Oct. 28 to Nov. 1. Hit: The Answer is Blowin’ in the...
The delinquency rate for commercial mortgage-backed securities (CMBS) rose by 28 basis points to 5.98% in October, according to new data from Trepp Inc. Year-over-year, the overall CMBS delinquency rate is up 135 basis points from 4.63% in October 2023. Last month’s...
The Wendy’s Company (NASDAQ: WEN) has become the latest restaurant chain to close locations, with 140 eateries set to be shuttered in the fourth quarter. The closures were announced Thursday during the company’s earnings call. According to a report in Restaurant Dive,...
Westcliff, a Montreal-based real estate development and management company, has completed its acquisition of the Champlain Place mall in Dieppe, New Brunswick. Located on a 60-acre site, the 784,372-square-foot Champlain Place is the largest shopping center in New...
A historic hotel in downtown San Jose was sold for roughly half the price of its previous ownership transfer. SiliconValley.com reported the Hotel De Anza was acquired for $11.5 million by an ownership group led by Dhaval Panchal, a Northern California hotelier. The...
Bill Ackman’s Foundation Pays $260 Million for 2 Manhattan Buildings …
