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Northeast Retail Chain Bob’s Stores Files for Bankruptcy, Plans to Shutter Locations

Northeast Retail Chain Bob’s Stores Files for Bankruptcy, Plans to Shutter Locations

by Phil Hall | Jul 2, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Bob’s Stores, a 70-year-old apparel and accessories retailer focused on the Northeast, has filed for Chapter 11 bankruptcy protection and has begun liquidation sales at its remaining stores. Founded in 1954 as Bob’s Surplus, the company grew to a 34-store...
Gildred Companies Roll Out Summer Internship Program

Gildred Companies Roll Out Summer Internship Program

by Phil Hall | Jun 28, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Gildred Companies, a San Diego-based commercial real estate developer and investment firm, has launched a new summer internship program. According to the company, the new program includes one position in accounting and one in property management, with the goal of...
Walgreens Plans to Close a ‘Meaningful Percent’ of Stores

Walgreens Plans to Close a ‘Meaningful Percent’ of Stores

by Phil Hall | Jun 27, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The financially troubled Walgreens pharmacy chain is planning to close a substantial number of its U.S. stores over the next few years. In a Wall Street Journal interview, Walgreens Boots Alliance (NASDAQ:WBA) CEO Tim Wentworth said the company is reviewing roughly...
Poll Finds Voters Unhappy with Chicago Bears Stadium Plan

Poll Finds Voters Unhappy with Chicago Bears Stadium Plan

by Phil Hall | Jun 26, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The efforts by the Chicago Bears to build a new stadium with the help of public funding has received a thumbs down in a new poll of Illinois voters, but the team is reportedly shifting gears to pursue a stadium in a Chicago suburb. A new survey commissioned by Crain’s...
Hyatt Adds Two Hotels to New Orleans Portfolio

Hyatt Adds Two Hotels to New Orleans Portfolio

by Phil Hall | Jun 25, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Hyatt Hotels Corporation (NYSE: H) is expanding its brand presence in New Orleans with the addition of two properties to its portfolio of affiliated hotels – the Maison Métier (formerly Maison de la Luz) and The Barnett (formerly Ace Hotel New Orleans). The properties...
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