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Wendy’s to Close 140 Restaurants

Wendy’s to Close 140 Restaurants

by Phil Hall | Nov 1, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Wendy’s Company (NASDAQ: WEN) has become the latest restaurant chain to close locations, with 140 eateries set to be shuttered in the fourth quarter. The closures were announced Thursday during the company’s earnings call. According to a report in Restaurant Dive,...
Hits and Misses for the Real Estate Week of Oct. 21-25

Hits and Misses for the Real Estate Week of Oct. 21-25

by Phil Hall | Oct 25, 2024 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

The crossroads of politics and real estate, a new wave of restaurant closings and rats ruling in Chicago. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Oct. 21-25. Miss: Getting Data on Migrant Housing. Earlier this week,...
Denny’s to Close 150 Restaurants

Denny’s to Close 150 Restaurants

by Phil Hall | Oct 23, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The financially ailing Denny’s Corp. (NASDAQ: DENN) announced it was closing 150 of its lowest-performing restaurants, roughly 10% of its locations. According to an Associated Press report, the Spartanburg, South Carolina-headquartered Denny’s stated that...
Shari’s Restaurants Closes All 42 Oregon Locations

Shari’s Restaurants Closes All 42 Oregon Locations

by Phil Hall | Oct 22, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Shari’s Restaurants, the family-dining chain based in the West Coast and Northwest, has closed all 42 of its eateries in Oregon. Restaurant Business reported the Beaverton, Oregon-headquartered company has been facing allegations of unpaid rent and taxes, along...
BurgerFi Files for Bankruptcy, To Close 67 Eateries

BurgerFi Files for Bankruptcy, To Close 67 Eateries

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

Fort Lauderdale-headquartered BurgerFi International (NASDAQ: BFI), the parent company of BurgerFi and Anthony’s Coal Fired Pizza, has filed for Chapter 11 bankruptcy. BurgerFi was founded in 2011 and went public in 2020, acquiring Anthony’s Coal Fired Pizza &...
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