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Discount Retailer 99 Cents Only Store Mulling Bankruptcy

Discount Retailer 99 Cents Only Store Mulling Bankruptcy

by Phil Hall | Apr 4, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The discount retail chain 99 Cents Only Store LLC is considering a bankruptcy filing. According to a Bloomberg report, the company has been unable to offload assets and is weighing either bankruptcy, debt restructuring or an out-of-court agreement. The company is in...
Hilton Expands Luxury Offerings with NoMad Hotel Brand Acquisition

Hilton Expands Luxury Offerings with NoMad Hotel Brand Acquisition

by Phil Hall | Apr 4, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Hilton (NYSE: HLT) announced its acquisition of a majority controlling interest in Sydell Group to expand the NoMad Hotels brand from its existing London flagship location to high-end markets around the world. According to a statement issued by Hilton, the “addition...
Dan Marks Becomes CEO at Brooklyn-Focused CRE Brokerage TerraCRG

Dan Marks Becomes CEO at Brooklyn-Focused CRE Brokerage TerraCRG

by Phil Hall | Apr 4, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

TerraCRG, a Brooklyn-based brokerage focused on the borough’s commercial real estate market, announced the promotion of partner Dan Marks to CEO. Marks succeeds Ofer Cohen, the company’s founder, who will become chairman. Marks has been with TerraCRG for more...
Bulgari Signs 9,000-Square-Foot Retail Lease in San Francisco’s Union Square

Bulgari Signs 9,000-Square-Foot Retail Lease in San Francisco’s Union Square

by Phil Hall | Apr 3, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

In a striking reversal to an ongoing trend that found many top-named retailers exiting San Francisco, the commercial property owner and developer Grosvenor announced a new long-term lease with the luxury Italian jewelry and accessory designer Bulgari in the city’s...
Office Vacancy Rates in Manhattan Reach Record Highs

Office Vacancy Rates in Manhattan Reach Record Highs

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

If anyone is looking to lease office space in Manhattan, there is no shortage of choices – two new data reports point to historically high vacancy rates in the heart of the Big Apple. Data from Colliers determined the borough’s office availability rate in the first...
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