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Big Lots Declares Bankruptcy, Announces Sale to Nexus; Future of Stores Uncertain

Big Lots Declares Bankruptcy, Announces Sale to Nexus; Future of Stores Uncertain

by Phil Hall | Sep 9, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The discount retailer Big Lots Inc. (NYSE: BIG) has filed for Chapter 11 bankruptcy and announced the sale of its assets and business operations to an affiliate of Nexus Capital Management LP. Under the terms of the Sale Agreement, Nexus will serve as the...
7-Eleven Parent Company Rejects Takeover Bid

7-Eleven Parent Company Rejects Takeover Bid

by Phil Hall | Sep 6, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Japan’s Seven & i Holdings (OTCMKTS: SVNDY), the parent company of the 7-Eleven chain, has rejected an unexpected acquisition bid from the Canadian-based Alimentation Couche-Tard Inc. (ACT) (TSX:ACT) that could have created one of the world’s largest retail...
Chartwell Retirement Residents Acquires 3 British Columbia Properties for $226.9 Million

Chartwell Retirement Residents Acquires 3 British Columbia Properties for $226.9 Million

by Phil Hall | Aug 30, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Chartwell Retirement Residences (TSX: CSH.UN) (OTCMKTS: CWSRF), Canada’s largest provider of senior housing, has acquired three retirement residences on Vancouver Island for an aggregate purchase price of $226.9 million. The three properties have a combined total 384...
Worth Clark Realty Acquires Texas Brokerage

Worth Clark Realty Acquires Texas Brokerage

by Phil Hall | Aug 28, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Worth Clark Realty announced its acquisition of South Estates Realty, a brokerage based in the Dallas-Fort Worth area. South Estates Realty recorded $54 million in sales volume and 157 transactions in 2023. The financial terms of the deal were not disclosed, and the...
Community Preservation Partners Acquires San Diego-Area Affordable Housing Complex

Community Preservation Partners Acquires San Diego-Area Affordable Housing Complex

by Phil Hall | Aug 28, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Community Preservation Partners (CCP), an affordable housing preservation developer, has announced its acquisition and planned renovation of Lexington Green Apartments, an affordable housing complex in El Cajon, Calif. CPP’s total development investment is...
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