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Dollar Tree Acquires 170 Locations from Bankrupt 99 Cents Only Stores

Dollar Tree Acquires 170 Locations from Bankrupt 99 Cents Only Stores

by Phil Hall | May 31, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Dollar Tree Inc. (NASDAQ: DLTR) has acquired the designation rights for 170 leases of 99 Cents Only Stores across Arizona, California, Nevada, and Texas. As part of the transaction, Dollar Tree also acquired the North American intellectual property of 99 Cents Only...
Sale Begins for Real Estate Assets from Bankrupt 99 Cents Only Stores

Sale Begins for Real Estate Assets from Bankrupt 99 Cents Only Stores

by Phil Hall | Apr 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Hilco Real Estate LLC and Jefferies LLC are managing the sale of the 377 real estate assets that are part of the bankruptcy Chapter 11 filing of 99 Cents Only Stores LLC. The sale includes 44 owned and 333 leased properties across Arizona, California, Nevada and...
Hits and Misses for the Real Estate Week of April 1-5

Hits and Misses for the Real Estate Week of April 1-5

by Phil Hall | Apr 5, 2024 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

A bizarre attack on a major mortgage company, an about-face by the Federal Reserve and a luxury retailer is coming to San Francisco. From the wild and wooly world of real estate, here are the Hits and Misses for the week of April 1-5. Miss: A Strange Hit-Job Against...
Discount Retailer 99 Cents Only Stores to Close All 371 Locations

Discount Retailer 99 Cents Only Stores to Close All 371 Locations

by Phil Hall | Apr 5, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The discount retailer 99 Cents Only Stores LLC announced it is closing its chain of 371 stores and winding down its business operations. The City of Commerce, California-headquartered company entered into an agreement with Hilco Global to liquidate the company’s...
Discount Retailer 99 Cents Only Stores to Close All 371 Locations

Discount Retailer 99 Cents Only Store Mulling Bankruptcy

by Phil Hall | Apr 4, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The discount retail chain 99 Cents Only Store LLC is considering a bankruptcy filing. According to a Bloomberg report, the company has been unable to offload assets and is weighing either bankruptcy, debt restructuring or an out-of-court agreement. The company is in...

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