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7-Eleven Parent Company Receives Acquisition Bid

7-Eleven Parent Company Receives Acquisition Bid

by Phil Hall | Aug 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Japan’s Seven & i Holdings (OTCMKTS: SVNDY), the parent company of the 7-Eleven chain, has received an unexpected acquisition bid from the Canadian-based Alimentation Couche-Tard Inc. (ACT) (TSX:ACT) that could create one of the world’s largest retail networks....
Hyatt Sells Orlando Hotel for $1 Billion

Hyatt Sells Orlando Hotel for $1 Billion

by Phil Hall | Aug 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hyatt Hotels Corporation (NYSE:H) completed the sale of the 1,641-room Hyatt Regency Orlando and adjacent 45 acres of land to affiliates of RIDA Development Corporation and an Ares Management Real Estate fund for approximately $1.07 billion. The Chicago-headquartered...
BurgerFi Mulls Bankruptcy, With 100 Eateries Facing Closure

BurgerFi Mulls Bankruptcy, With 100 Eateries Facing Closure

by Phil Hall | Aug 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

BurgerFi International (NASDAQ:BFI), the parent company of BurgerFi and Anthony’s Coal Fired Pizza, acknowledged that it is undergoing “significant adverse developments” that could result in a bankruptcy filing and the shuttering of its eateries. The 102-unit...
Hits and Misses for the Real Estate Week of Aug. 12-16

Hits and Misses for the Real Estate Week of Aug. 12-16

by Phil Hall | Aug 16, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Kamala Harris’ housing plans, a new era in real estate commissions and a new assault on phony online reviews. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Aug. 12-16. Miss: Thus Spoke Kamala. After weeks of silence on what...
T&T Supermarket, Canadian Asian Grocery Retailer, to Open First California Store

T&T Supermarket, Canadian Asian Grocery Retailer, to Open First California Store

by Phil Hall | Aug 16, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

T&T Supermarket Inc., the Canadian-based Asian grocery retailer, is opening its first California store and third US location in San Jose. The new store is set to open in Fall 2025 at San Jose’s Westgate Center. The 55,000-square-foot store will be based in a...
CBRE Adjusts 2024 Hotel Forecast, Citing Economic Conditions

CBRE Adjusts 2024 Hotel Forecast, Citing Economic Conditions

by Phil Hall | Aug 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE (NYSE:CBRE) has revised its forecast for 2024 U.S. hotel performance, citing weaker-than-expected leisure travel and the slowing in corporate profit growth. CBRE is now projecting a 1.2% increase in revenue per available room (RevPAR) growth for 2024, down from...
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