Last week, stories circulated that Lehman was looking to sell $14 billion out of its portfolio of real estate and commercial mortgages. However, new reports say that now Lehman is looking to sell it all. (Incidentally, last year Lehman estimated...
Hoping to win back the sex appeal, the Cherry Hill, Plymouth Meeting and former Echelon Malls are undergoing a real estate version of plastic and bariatric surgery. The bill: $365 million - most of it borrowed cash at a time when borrowed cash is...
Mrs. Fields Famous Brands--which runs Mrs. Fields and TCBY--has filed for Chapter 11. The company, however, does have a plan in place to pay off its creditors and reemerge from bankruptcy. So this isn't look like some of the other situations we've...
In early July, Wilsons the Leather Experts sold the Wilsons name, 116 outlet stores and its online retail assets to G-III Apparel Group Ltd. of New York for $22.3 million in cash. Just over a month later, the firm is officially throwing in the...
Steve & Barry's LLC's landlords objected to the sale of the bankrupt clothing retailer, saying the proposed buyer hasn't proved it will pay rent and asking that stores stay open before holiday sales. Landlords holding leases for 14 shopping...
Clothing chain Mervyn's has announced it will close 26 stores as part of a cost cutting move following their Chapter 11 bankruptcy filing. 11 of those stores are in California, six are in Texas, four in Nevada, four in Arizona, and one in Idaho...
Lehman Brothers is shopping a major portfolio of commercial real estate in a bid to raise cash. The Bloomberg report doesn't say what type of commercial property Lehman is looking to move. However, it does say that overall Lehman is looking to...
So many retailers have been hurting recently. But Wal-Mart had a great quarter and raised its full-year forecast. However, the company also raised a red flag about the state of the global economy and the pressure it is putting on consumers...
