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True Value Files for Bankruptcy, Sells Business to Hardware Rival

True Value Files for Bankruptcy, Sells Business to Hardware Rival

by Phil Hall | Oct 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

True Value Company LLC announced that it filed for bankruptcy and will sell its business operations to home improvement industry peer Do it Best Corp. The company will continue its day-to-day operations serving 4,500 independently owned retailers, and none of the...
Walgreens to Close 1,200 Stores by 2027

Walgreens to Close 1,200 Stores by 2027

by Phil Hall | Oct 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Walgreens Boots Alliance (NASDAQ:WBA) announced it plans to close 1,200 stores over the next three years. CEO Tim Wentworth announced in June that the financially struggling company was reviewing roughly one-quarter of its roughly 8,600 locations and could close a...
Discount Retailer Dirt Cheap Files for Bankruptcy, Announces Store Closings

Discount Retailer Dirt Cheap Files for Bankruptcy, Announces Store Closings

by Phil Hall | Oct 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Dirt Cheap, a discount retailer with more than 60 locations across the Southeast, has filed for bankruptcy and announced the chain will begin closing its stores. The retailer’s website said the brand is “the largest buyer of insurance claims in the United States,”...
7-Eleven to Close 444 Stores Across North America

7-Eleven to Close 444 Stores Across North America

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

Japan’s Seven & i Holdings (OTCMKTS: SVNDY) announced plans to close 444 of its 7-Eleven in North America, citing underperformance by the convenience store chain. C-Store Dive reported the company also agreed to offload an undisclosed number of properties in North...
Chase Properties Acquires Retail Plazas in Upstate New York and Virginia

Chase Properties Acquires Retail Plazas in Upstate New York and Virginia

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

The real estate investment firm Chase Properties has announced two retail property acquisitions: Creekside Plaza in Ithaca, New York, and Waynesboro Town Center in Waynesboro, Virginia. The 180,000-square-foot Creekside Plaza was built in 2001 and is 95% leased, with...
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