Pier 1 Imports (NYSE:PIR) won court approval for a speedy sale process a day after the home furnishings chain plunged into bankruptcy. Judge Kevin Huennekens also signed off on a request that allows Pier 1 to obtain $256M in bankruptcy financing from its term-loan lenders to enable the retailer to keep operating pending a possible […]
Court approves Pier 1 bankruptcy sale Read More »
Tucson, Arizona – Certain subsidiaries of CIM Real Estate Finance Trust, Inc. (“CMFT”), a publicly registered non-listed real estate investment trust (“REIT”), completed the sale of 411 single-tenant properties for $1.035 billion, representing the first tranche of the transaction with Realty Income Corporation (“Realty Income,” NYSE: O) that was previously announced in September. The sale
The 10,000-square-foot retail lease at 3401 E Fort Lowell for a funiture and design center handled by Brenna Lacey of VOLK Company, highlights this week’s lease report. The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report for February 10 thru 14, 2020. RETAIL – 3401 E FT.
Tucson Lease Report February 10-14, 2020 Read More »