As expected, Tops Markets LLC closed on its $85 million deal to acquire the 79 supermarkets that had been owned by Penn Traffic Corp.
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Archive for January, 2010
Court approves Starwood’s bid for TOUSA property
Posted in January 29th, 2010
A bankruptcy court judge has approved the sale of all Hollywood-based TOUSA’s Florida properties to Starwood Land Ventures, a Bradenton-based real estate development and investment firm.
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ResCare expands credit line
Posted in January 29th, 2010
ResCare Inc. has amended its senior, secured credit facility by $25 million, to $275 million. (RSCR)
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Appliance World shutters Denver-area stores
Posted in January 29th, 2010
Appliance World stores in the Denver area have been closed in the wake of the chain’s parent company filing for bankruptcy protection three months ago.
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Magnum Hunter gets approval for Triad deal
Posted in January 28th, 2010
Magnum Hunter Resources Corp. has been given the green light to continue with its acquisition of Triad Energy Corp.
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Would-be buyer evicted from Statler
Posted in January 28th, 2010
As expected, a Buffalo City Court judge agreed to sign an eviction for the last remaining tenant in the Statler Towers.
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SoBe’s Continental Oceanfront faces foreclosure
Posted in January 28th, 2010
A South Beach hotel owned by Ian Schrager Co., of Studio 54 fame, could be seized in a $146.5 million foreclosure action.
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Broadlane CEO David Ricker steps down, new chief named
Posted in January 28th, 2010
Broadlane Inc., which partners with health care providers to manage expenses, said Thursday that CEO and President David C. Ricker has resigned. In his place, Patrick T. Ryan, chairman of the board, has been named chief executive officer.
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Prosecution rests its case in Etheredge fraud trial
Posted in January 28th, 2010
The prosecution in the fraud trial of former Wild West World founder Thomas Etheredge has completed presenting its case to the jury.
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Robert Duncan Plaza defaults on loan, placed in bankruptcy
Posted in January 27th, 2010
Robert Duncan Plaza, one of Portland’s largest office buildings, has been placed in bankruptcy by its Chicago-based owner, Rubicon GSA II. It reportedly has defaulted on its mortgage as well.
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