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April 25, 2023

Bed Bath & Beyond Bankruptcy: 480 Stores Closing As 'Lethal Combination' Kills Storied Retailer

Timothy Phair Of L3 Capital To Discuss Urban Retail Investing At Chicago Capital Markets & CRE Finance On May 10.

Bed Bath & Beyond filed for bankruptcy over the weekend, the culmination of the home goods retailer failing to remain relevant to shoppers and its inability to get out from under a mountain of debt.

Bed Bath & Beyond Bankruptcy: 480 Stores Closing As 'Lethal Combination' Kills Storied Retailer

The chain retailer filed for a Chapter 11 restructuring Sunday, announcing plans to close all of its stores — 360 Bed Bath & Beyond locations as well as 120 Buy Buy Baby shops — by the end of June. Sixth Street Speciality Lending is providing $240M in debtor-in-possession financing for the process, the…

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From Car Washes To Semiconductors: What It Takes To Make It In The Growing World Of Niche CRE

Ben and Sam Etskovitz wake up at 5 a.m., hit the gym and get to the office by 7. Cold calls take up most business hours, then after 5 p.m., they underwrite deals, sort out issues for clients, answer emails and handle anything else that comes their way.

Their routines could be that of many real estate professionals, but the brothers' business is centered around the business of car wash real estate, one of dozens of specialty niches that have grown in importance among investors as other sectors have settled in for a bumpier ride of late.

From Car Washes To Semiconductors: What It Takes To Make It In The Growing World Of Niche CRE

Ben and Sam, along with Mason Rabel and Zack Martin, are members of the Etsky Car Wash Team, which moved in January to Colliers’ Houston office from Marcus & Millichap.Specialty teams and experts like the Etskovitzes exist at firms throughout the country, trusted by auto dealers,…

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Developer Looks To Tear Down Megachurch For Data Center Project In Silicon Valley

Developer Looks To Tear Down Megachurch For Data Center Project In Silicon Valley  

A megachurch is the latest target for demolition by developers looking to build data centers in the land-constrained Bay Area market.  Vantage Data Centers is planning a data center campus on the site of San Jose’s Redemption Church, The Mercury News reports, citing municipal planning documents. The proposed…

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Tiger Woods, Justin Timberlake Back 600-Acre Palm Beach County Project

Tiger Woods, Justin Timberlake Back 600-Acre Palm Beach County Project  

An international hospitality and real estate company backed by investors including Tiger Woods and Justin Timberlake has struck a deal to develop a multibillion-dollar, 600-acre community around a renovated golf course and expanded equestrian showgrounds in Palm Beach County, Florida.

Nexus Luxury Collection — a celebrity-backed development group that counts Woods, Timberlake and golf great Ernie Els and British private equity billionaire Joe Lewis of Tavistock Group as partners — is joining with local landowner Mark Bellissimo to renovate Cypress Golf Course and the Wellington International equestrian showgrounds as part of the…

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