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Furniture Retailer Closing All 89 Stores

Furniture Retailer Closing All 89 Stores

by Phil Hall | Jan 12, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A bankruptcy court has approved the Going Out of Business sales of all 89 remaining stores owned by American Signature Inc. The sale involves 79 stores in 13 states that operated under the Value City Furniture brand and 10 stores in Delaware and Florida that operated...
Apartment-Hotel Brand Sonder to Shut Down

Apartment-Hotel Brand Sonder to Shut Down

by Phil Hall | Nov 11, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

Sonder Holdings Inc. (NASDAQ: SOND), a San Francisco-headquartered operator of short-term rental apartments and boutique hotels, announced a winding down of its operations immediately and the Chapter 7 liquidation of its US business while initiating insolvency...
Rite Aid Shutters Remaining Stores

Rite Aid Shutters Remaining Stores

by Phil Hall | Oct 6, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The financially troubled Rite Aid pharmacy chain has closed all its remaining stores. Over the weekend, the company posted a message on its website that said, “All Rite Aid stores have now closed. We thank our loyal customers for their many years of support.” The...
Hits and Misses for the Real Estate Week of Aug. 4-8

Hits and Misses for the Real Estate Week of Aug. 4-8

by Phil Hall | Aug 8, 2025 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

An unwelcome package in the mail, another retailer declaring bankruptcy, and an unlikely new officer at a tenants’ right nonprofit. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 4-8. Miss: A Message from a Kook. The...
Hooters to Close 30 Restaurants

Hooters to Close 30 Restaurants

by Phil Hall | Jun 6, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Two months after filing for bankruptcy, Hooters of America is closing more than 30 of its company-owned restaurants across a dozen states. Verdict Food Service reports the company is seeking to address its $376 million with the sale of its corporate-owned restaurants...
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