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Kroger and Albertsons Propose Selling 166 More Stores to Gain Merger

Kroger and Albertsons Propose Selling 166 More Stores to Gain Merger

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

The Kroger Co. (NYSE: KR) and Albertsons Companies Inc. (NYSE: ACI) plan to divest an additional 166 supermarkets to gain regulatory approval of their proposed $24.6 billion merger. The Kroger-Albertsons transaction was announced last October, but in February a...
A Phil Hall Op-Ed: Blaming Stores for Retail Crime?

A Phil Hall Op-Ed: Blaming Stores for Retail Crime?

by Phil Hall | Apr 22, 2024 | Commercial Real Estate News

A Phil Hall Op-Ed: Last February, the Walgreens pharmacy chain closed a store in the Roxbury section of Boston. The company cited the location as being one of several where it claimed that “rampant theft” made it impossible to conduct business without criminal...
Trump Maintains $175 Million Bond, Albeit with New Conditions

Trump Maintains $175 Million Bond, Albeit with New Conditions

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

An attempt by New York Attorney General Letitia James to void the $175 million bond in former President Donald Trump’s civil fraud case failed, but Trump’s attorneys agreed to additional restrictions on the bond. According to a Reuters report, the attorneys for Trump...
Fashion Retailer Express Files for Bankruptcy, Plans to Close Up to 100 Stores

Fashion Retailer Express Files for Bankruptcy, Plans to Close Up to 100 Stores

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

The fashion retailer Express Inc. (OTC:EXPR) has filed for Chapter 11 bankruptcy and is planning to close more than 100 stores. According to a Reuters report, the company started in 1980 and company operates about 530 Express retail and Express Factory Outlet stores,...
Will Forcello Named Managing Director at CBRE

Will Forcello Named Managing Director at CBRE

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

CBRE Group Inc. (NYSE:CBRE) has promoted Will Forcello to managing director. In his new position, Forcello will be a key business leader for CBRE’s New Jersey market and will continue to serve as market leader for the firm’s Central New Jersey business. Forcello was...
NY Attorney General Seeks to Void Trump’s $175 Million Bond in Valuation Fraud Case

NY Attorney General Seeks to Void Trump’s $175 Million Bond in Valuation Fraud Case

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

New York Attorney General Letitia James is seeking to void the $175 million bond that former President Trump put forth in his civil fraud case relating to the valuation of his properties. The Hill reported that James’ office argued in court filings on Friday that that...
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