Commercial Real Estate
Wendy’s to Close Hundreds of Restaurants Following Weak Q4 Financial Performance
Wendy’s said it could close between 5% and 6% of its US restaurants – 298 to 358 locations – during the first half of this year. Continue Reading Wendy’s to Close Hundreds of Restaurants Following Weak Q4 Financial Performance
Hits and Misses for the Real Estate Week of Feb. 9-13
A Capitol Hill conundrum on affordable homeownership, another state wants the Chicago Bears, and a historic theater reopens for business. Continue Reading Hits and Misses for the Real Estate Week of Feb. 9-13
Senior Living Provider LCS Announces Leadership Changes
Chris Bird, LCS’ president and chief operating officer, will succeed Joel Nelson as CEO. Continue Reading Senior Living Provider LCS Announces Leadership Changes
Chicago Mixed-Use Building Bought in 2016 for $140 Million Sells for $47 Million
North American Real Estate acquired the 85,000-square-foot retail and office building from Brookfield Properties. Continue Reading Chicago Mixed-Use Building Bought in 2016 for $140 Million Sells for $47 Million
Dalfen Industrial Sells Warehouse to the State of Florida
The 423,000-square-foot warehouse has direct access to a full diamond interchange with I-4 and Hwy 559. Continue Reading Dalfen Industrial Sells Warehouse to the State of Florida
Cohen Realty Enterprises Foreclosure Auction to Include 2 Cinema Chains
Fortress Credit Corp. sued Cohen earlier this year for defaulting on a large loan backed by its properties. Continue Reading Cohen Realty Enterprises Foreclosure Auction to Include 2 Cinema Chains
Blink Fitness, with 101 Gyms in 7 States, Files for Bankruptcy
The company is owned by the luxury fitness group Equinox Holdings. Continue Reading Blink Fitness, with 101 Gyms in 7 States, Files for Bankruptcy
Glasshouse Realty Group Recruits Tom Kretz to Build Commercial Division
Kretz comes to Glasshouse after finalizing the sale of his co-ownership stake in Irongate Inc. Realtors. Continue Reading Glasshouse Realty Group Recruits Tom Kretz to Build Commercial Division
A Modular Constructed Commercial Property Grows in Brooklyn
The 58 Grattan project is expected to be completed by early 2025. Continue Reading A Modular Constructed Commercial Property Grows in Brooklyn
LL Flooring to Close 94 Stores Amid Bankruptcy Filing
The company has more than 300 stores across the country. Continue Reading LL Flooring to Close 94 Stores Amid Bankruptcy Filing
Aperture Hotels Recruits Patrick Short as Chief Operating Officer
Prior to joining Aperture, Short was president of Peachtree Hospitality Management. Continue Reading Aperture Hotels Recruits Patrick Short as Chief Operating Officer
Marriott Sues NYC Franchisee for Turning Hotel into Illegal Immigrant Shelter
More than one in five New York City hotels are now operating as shelters to accommodate the influx of illegal immigrants that burdened the city. Continue Reading Marriott Sues NYC Franchisee for Turning Hotel into Illegal Immigrant Shelter
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