A mortgage fraud probe of Letitia James, a serious HR problem at the GSEs and the surprising site for Disney’s next theme park. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 5-9. Hit: Karma Get It. When New York...
The Walt Disney Company (NYSE: DIS) has announced plans for its first Middle East theme park destination at Abu Dhabi in the United Arab Emirates. Disney Abu Dhabi will be the company’s seventh theme park. It will be located at the waterfront of Yas Island and will be...
The Rite Aid Corporation has filed for bankruptcy for the second time in 18 months. The Philadelphia-headquartered pharmacy chain announced it was “pursuing a strategic and value-maximizing sale process for substantially all of its assets.” The company added that its...
The New England-focused retailer Smithland Pet & Garden Centers announced it will be closing its 13-store chain. The company, which operated over the past four decades under different names including myAgway, Dave’s Soda and Pet City, offered a selection of...
Amazon Inc. (NASDAQ: AMZN) has expanded its New York City real estate portfolio by acquiring a 23-story Manhattan office building. According to combined media reports, the 600,000-square-foot property at the corner of Fifth Avenue and 44th Street was constructed in...
The retailer Burlington Stores Inc. (NYSE: BURL) has signed a deal to take over the leases of 45 store locations that formerly housed the bankrupt craft company Jo-Ann. Burlington’s acquisition follows an expansion strategy by the company that saw the opening of 101...
