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NYC’s Iconic Friars Club Going to Foreclosure Auction

NYC’s Iconic Friars Club Going to Foreclosure Auction

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

The New York City townhouse that has been the home of the Friars Club, a legendary private club for the entertainment industry elite, is scheduled to go a foreclosure auction on Nov. 26. The New York Post reported the five-story, 14,541-square-foot, English...
UK’s Curzon Cinema Chain Sold in Foreclosure Auction

UK’s Curzon Cinema Chain Sold in Foreclosure Auction

by Phil Hall | Nov 12, 2024 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Fortress Investment Group LLC, a global investment manager, has acquired the UK’s Curzon cinema chain. The company operates 16 cinemas and 46 total screens, along with the film distributor Curzon Film and the Curzon Home Cinema streaming service. The financial terms...
Furniture Retailer American Freight to Shut Down All 328 Stores

Furniture Retailer American Freight to Shut Down All 328 Stores

by Phil Hall | Nov 8, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The furniture chain American Freight is the latest retailer to shut down its operations, with the closing of all 328 stores across 41 states. The store closings are part of Chapter 11 bankruptcy proceedings by Franchise Group Inc., its parent company. Franchise...
PNC Bank to Double Branch Expansion Plans

PNC Bank to Double Branch Expansion Plans

by Phil Hall | Nov 8, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

PNC Bank, a member of The PNC Financial Services Group Inc. (NYSE: PNC), announced a $500 million increase to its branch investment with the goal of opening more than 100 additional new branches and renovating 200 more existing locations across the country. According...
Blackstone Acquires Retail Opportunities Investments Corp. for $4 Billion

Blackstone Acquires Retail Opportunities Investments Corp. for $4 Billion

by Phil Hall | Nov 7, 2024 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Blackstone (NYSE: BX) and Retail Opportunity Investments Corp. (NASDAQ: ROIC) announced a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at...
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