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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, News/Current 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...
Hong Kong Court Orders Liquidation of the Beleaguered Developer China Evergrande Group

Hong Kong Court Orders Liquidation of the Beleaguered Developer China Evergrande Group

by Phil Hall | Jan 29, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Hong Kong court has ordered the liquidation of the property giant China Evergrande Group, whose $300 billion in liabilities makes it the world’s most indebted developer. According to a Reuters report, Justice Linda Chan’s ruling came after the company failed to...

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