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Retailer Forever 21 Plans Store Closures While Mulling Bankruptcy

Retailer Forever 21 Plans Store Closures While Mulling Bankruptcy

by Phil Hall | Feb 20, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The retailer Forever 21 is considering bankruptcy and may shutter at least 200 US-based stores as soon as next month. According to a Bloomberg report sourced from unnamed “people with knowledge of the matter,” the chain’s US operator, F21 OpCo, is seeking a buyer for...
Another Major Tenant to Depart Beleaguered San Francisco Centre Mall

Another Major Tenant to Depart Beleaguered San Francisco Centre Mall

by Phil Hall | Feb 17, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The San Francisco Centre mall has lost another major tenant as Burke Williams Day Spa announced it will be leaving the property on April 28. The San Francisco Chronicle reports Burke Williams’ 16,000-square-foot spa, the largest in San Francisco, has been a tenant of...
Craft Retailer Jo-Ann Plans to Close 500 Stores

Craft Retailer Jo-Ann Plans to Close 500 Stores

by Phil Hall | Feb 12, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

One month after its second bankruptcy filing within a year, the craft retailer Jo-Ann is preparing to close approximately 530 stores across more than 40 states. Nexstar reports the company planned to keep all its roughly 800 stores open throughout the bankruptcy...
121 Net-Leased JCPenney Properties Now Available for Sale

121 Net-Leased JCPenney Properties Now Available for Sale

by Phil Hall | Feb 6, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Hilco JCP LLC and Copper Property CTL Pass Through Trust are now marketing 121 net-leased JCPenney properties located across 35 states representing over 16 million square feet. According to the companies, most of the portfolio’s properties are based in major...
Bargain Hunt Begins Going-Out-of-Business Sales at All 92 Stores

Bargain Hunt Begins Going-Out-of-Business Sales at All 92 Stores

by Phil Hall | Feb 5, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The discount retail chain Bargain Hunt has launched Going-Out-of-Business sales at all 92 locations across 10 states following its bankruptcy filing. The sales are being managed by Hilco Consumer – Retail in a joint venture with Gordon Brothers. All the merchandise in...
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