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Sam Ash Music to Shut Down Retail Chain

Sam Ash Music to Shut Down Retail Chain

by Phil Hall | May 6, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Sam Ash Music, a family-owned business specializing in musical instruments and sound equipment, announced that it will shut down its operations after a century in business. In a social media post, the company said it has begun store closing sales – the company...
Steward Health Care, Largest Physician-Owned Hospital Operator, Files for Chapter 11

Steward Health Care, Largest Physician-Owned Hospital Operator, Files for Chapter 11

by Phil Hall | May 6, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Dallas-headquartered Steward Health Care System, the nation’s largest physician-owned hospital operator, has filed for Chapter 11 protection. Steward operates 33 community hospitals in nine states and has more than 30,000 employees. The company has been dealing with...
Hits and Misses for the Real Estate Week of April 29-May 3

Hits and Misses for the Real Estate Week of April 29-May 3

by Phil Hall | May 3, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A landlord facing multiple indictments, a pair of new lawsuits and a boffo sale of a game show host’s estate. From the wild and wooly world of real estate, here are our hits and misses for the real estate week of April 29-May 3. Miss: The Landlord from Hell. A New...
Fashion Retailer Rue21 Files for Bankruptcy, Plans to Close All Stores

Fashion Retailer Rue21 Files for Bankruptcy, Plans to Close All Stores

by Phil Hall | May 3, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The apparel company Rue21 has become the latest retailer to announce it is going out of business. The Warrendale, Pennsylvania-based company filed for Chapter 11 bankruptcy on Thursday – the company previously filed for bankruptcy in 2003 (when it was Pennsylvania...
Cress Capital Acquires Denver Office Tower

Cress Capital Acquires Denver Office Tower

by Phil Hall | May 3, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate investment firm Cress Capital has acquired The 410, a 24-story office building located in the Downtown Denver. The property at 410 17th St. is near the Colorado State Capitol and encompasses approximately 440,000 square feet of office space – including...
National Park Service Approves Demolition of RFK Stadium

National Park Service Approves Demolition of RFK Stadium

by Phil Hall | May 2, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The National Park Service (NPS) has given its approval for the demolition of Robert F. Kennedy Memorial (RFK) Stadium in Washington, D.C. The stadium opened in 1961 as District of Columbia Stadium and was renamed for the former U.S. Attorney General and U.S. Senator...
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