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Retail Chain Party City is Going Out of Business

Retail Chain Party City is Going Out of Business

by Phil Hall | Dec 20, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Party City, the party supply retail chain with over 850 stores across the country, has announced it is going out of business, with store closings scheduled for Feb. 28, 2025. CNN obtained access to a video conference call with Party City CEO Barry Litwin informing...
Big Lots to Start ‘Going Out of Business’ Sales at Remaining Stores

Big Lots to Start ‘Going Out of Business’ Sales at Remaining Stores

by Phil Hall | Dec 19, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The discount retailer Big Lots Inc. has announced it will begin going out of business (GOB) sales at all its remaining stores. The company, which declared bankruptcy in September, issued a statement that declared it did not anticipate completing its asset purchase...
Albertsons Ends Merger Deal and Sues Kroger

Albertsons Ends Merger Deal and Sues Kroger

by Phil Hall | Dec 11, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The proposed merger between the supermarket giants Albertsons Companies Inc. (NYSE: ACI) and The Kroger Co. (NYSE: KR) collapsed this morning as Albertsons terminated the merger agreement and filed a lawsuit against Kroger claiming a willful breach of contract and...
Dollar General Plans 575 New US Stores in 2025

Dollar General Plans 575 New US Stores in 2025

by Phil Hall | Dec 6, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The discount retailer Dollar General Corporation (NYSE: DG) announced a proactive real estate agenda involving new and renovated stores. The Goodlettsville, Tennessee-headquartered company is planning to open 575 new stores across the US and 15 in Mexico in 2025. Also...
Sky Real Estate Acquires Missouri Shopping Center from Simon Property Group

Sky Real Estate Acquires Missouri Shopping Center from Simon Property Group

by Phil Hall | Nov 22, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Sky Real Estate, an investor focused on commercial properties across multiple sectors, has acquired Osage Beach Outlet Marketplace in Osage Beach, Missouri, from a subsidiary of Simon Property Group Inc. (NYSE: SPG). The 391,000-square-foot shopping center is located...
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