Thor Equities sued over alleged unpaid loan on Stefano Ricci Miami Design District store
A mortgage trustee is suing affiliates of Thor Equities and fashion house Stefano Ricci, as well as Thor Chairman...
The Latest
National
Friendly’s saved from bankruptcy, preserving 130 locations
It’s all smiles for Friendly’s. The casual dining chain has been saved from bankruptcy by Amici Partners Group, which...
National
Converting empty malls to warehouses isn’t easy
As demand for e-commerce grew and large tenants like Sears closed up shop, some mall owners sought to redevelop...
Workforce housing project approved for South Beach’s Collins Park
A seven-story workforce housing project with dorm space for Miami City Ballet dancers will be built on a city-owned...
National
Retail rent collections rebound to 90%
The pandemic has exacerbated the retail sector’s pre-existing problems, deteriorating rent collections and forcing landlords to make compromises with their tenants. But there were some encouraging signs as 2020 came to a close. Before...
National
Shake Shack to add 60 new locations this year
Shake Shack has plans to shake things up. The burger chain plans to open 60 restaurants across the country...
National
Walmart cuts off cash to pols who opposed election certification
Walmart has ceased donations to the members of Congress who opposed President-elect Joe Biden’s election certification following the storming...
New York
70 restaurants sue Cuomo over “Kafkaesque nightmare” of regulations
Our Wicked Lady, which describes itself as a “bar for Brooklyn’s artist community,” has spent $10,000 retrofitting its business...
National
Leisure and hospitality lost 500K jobs in December
The coronavirus continued to have disparate effects on real estate in December, with some sectors continuing to shrink while...
Part of Margate shopping center formerly anchored by Penn Dutch sells for $12M
A group of local investors sold part of a Margate shopping center anchored by a former Penn Dutch food...
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