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Monthly Archives: March 2017

CoStar’s People of Note (Mar. 31)

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: San Francisco, New York City, Los Angeles, Washington DC, Philadelph…

UPDATE: Graebel Van Lines Ceasing Operations

Graebel Van Lines LLC, which bills itself as the nation’s largest privately owned residential moving company, notified customers and creditors that it is ceasing operations effective immediately and will begin a wind down of its business.

The assets of Dallas-based Graebel Van Lines and its operating affiliates remain subject to the liens of a secured creditor, the company said without identifying the firm.

Graebel Van Lines said it is cooperating…

Investors Still Willing to Bet Big on Mall Turnarounds, Even at Those Hit by Triple Anchor Closures

While owners of shopping malls have been grappling with department store closings for several years, the pace of closings has recently accelerated, marking a turning point in the speed of the fundamental changes reshaping the traditional mall sector.

Chains such as Sears, Macy’s and JCPenney are no longer closing a handful of underperforming stores at a time. Over the last three months, they have all embarked on a new round of aggressive store…

Buffalo Wild Wings Looking to Sell 10% of its Company-owned Restaurants

Buffalo Wild Wings Inc. (NASDAQ: BWLD) has retained restaurant and franchise investment banking firm The Cypress Group to manage the restaurant chain’s portfolio optimization initiative.

Cypress will be marketing roughly 10% of the 620 Buffalo Wild Wings company-owned restaurants as the first phase of what the Minneapolis-based company called an ongoing portfolio optimization process.

The restaurant operator said the vast majority of its owned…

Buffalo Wild Wings To Market 10% of its Restaurants

Buffalo Wild Wings Inc. (NASDAQ: BWLD) has retained The Cypress Group, a leading restaurant and franchise investment banking firm, to manage the restaurant chain’s portfolio optimization initiative.

Cypress will be marketing roughly 10% of Buffalo Wild Wings company-owned restaurants of which there are about 620 across the US and Canada.

This initial sale process represents the first phase of the company’s ongoing portfolio optimization process…

HFF Adds NYC-based Hentschel & Co. to Expand Broker-Dealer Subsidiary

Looking to expand its M&A and corporate advisory business, HFF, Inc. (NYSE: HF) has acquired Hentschel & Co., the New York-based boutique investment banking advisory firm headed by Steve Hentschel. Terms of the purchase were not disclosed.

Founded in 2013 by the former Lehman Bros. and Wachovia Securities real estate investment banking veteran, Hentschel & Co. focused on advising public and private REITs, non-traded REITs, real estate investment…

Durst Organization Acquires Delaware River Waterfront Properties from Brandywine Realty Trust

The Durst Organization on Monday announced its first acquisition outside of New York, purchasing approximately five acres of waterfront property in Philadelphia from Brandywine Realty Trust (NYSE: BDN).

The privately held real estate firm purchased the land assemblage spanning Piers 12, 13-15, 19 and 24 north of Benjamin Franklin Bridge along the Delaware River known as the Philadelphia Piers at Penn’s Landing for a reported $21.4 million.

The…

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