In brief: Genesis Healthcare has completed the sale of substantially all its nursing-home business after a federal bankruptcy judge confirmed a Chapter 11 plan. The roughly $1 billion transaction ends a prolonged ownership dispute involving one of the country’s...
Dallas-headquartered TGI Fridays has become the latest restaurant chain to face acute financial problems, with a Chapter 11 bankruptcy protection filing on Saturday designed to “ensure the long-term viability” of the casual dining brand. The Associated Press reports...
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...
PREIT (OTCQB:PRET), a Philadelphia-headquartered operator of shopping centers in the mid-Atlantic region, has filed for Chapter 11 bankruptcy for the second time in three years. The company announced it is carrying approximately $880 million in total indebtedness and...
Whitestone Uptown Tower LLC, the owner of the Uptown Tower office building in Dallas, announced it has filed a Chapter 11 voluntary petition for bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas. According to the company, the bankruptcy filing...
Builder Confidence Falls to 14-Year Low as 43% Cut Home Prices
Buyers Gain Negotiating Power, but Higher Rates Erase $22,000 in Homebuying…
