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Blink Fitness, with 101 Gyms in 7 States, Files for Bankruptcy

Blink Fitness, with 101 Gyms in 7 States, Files for Bankruptcy

by Phil Hall | Aug 14, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The budget health club chain Blink Fitness has filed for Chapter 11 bankruptcy, leaving the fate of its 101 locations unclear. The company, which is owned by the luxury fitness group Equinox Holdings, issued a statement promising to “continue to provide members with...
LL Flooring to Close 94 Stores Amid Bankruptcy Filing

LL Flooring to Close 94 Stores Amid Bankruptcy Filing

by Phil Hall | Aug 13, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

LL Flooring Holdings Inc. (NYSE: LL), the Richmond, Virginia-based hard-surface flooring retailer, announced the closure of 94 locations as part of a Chapter 11 bankruptcy reorganization. The company, which has more than 300 stores across the country along with its...
LL Flooring to Close 94 Stores Amid Bankruptcy Filing

Report: Home Improvement Retailer LL Flooring Weighs Bankruptcy Filing

by Phil Hall | Jul 11, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A prominent home improvement retailer with more than 400 stores across 47 states is reportedly considering a bankruptcy filing. According to a Bloomberg report sourced from unnamed sources, LL Flooring Holdings (NYSE:LL) – the Richmond, Virginia-based company...
Ontario Landlords Accused of Investor Fraud Transfer Businesses to Monitor

Ontario Landlords Accused of Investor Fraud Transfer Businesses to Monitor

by Phil Hall | Jul 3, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Four Ontario landlords were ordered by a Superior Court justice to turn over control of their real estate operations to a court-appointed monitor following accusations they misused roughly $144 million in investor money for lavish personal lifestyle purposes while...
Former Illinois Hospital to Be Auctioned in Bankruptcy Sale

Former Illinois Hospital to Be Auctioned in Bankruptcy Sale

by Phil Hall | Jun 17, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

An Illinois hospital that closed in 2023 after 120 years in operation is being put up for auction in a Chapter 11 bankruptcy sale. The former St. Margaret’s Health Hospital in Spring Valley, Illinois, encompasses a five-story former hospital plus an adjacent two-story...
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