Bankruptcy is looking like a probable outcome for The Pyramid Group but Hail-Mary negotiations have been underway through the weekend to keep the mall developer from the bankruptcy court, according to a source close with knowledge of the dire situation.
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ZVG@Palisades LLC, an entity affiliated with Vasco Ventures, did not meet its Nov. 12th deadline to purchase the HNA Training Center in Palisades.
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Destination Maternity, which owns its namesake brand and the Motherhood Maternity chain, is closing more than 180 of its stores as part of its Chapter 11 bankruptcy protection case, according to court documents.
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The Brooklyn group under contract to purchase the HNA Training Center in Palisades from the Chinese-owned property has been given more time to close on a deal that stalled last month
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The statistics are alarming and the writing is on the wall for some retailers with Rockland locations that have been cornered by debt, obsolescence, and declining mall traffic.
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Restaurateur Peter X. Kelly has filed three bankruptcy cases seeking reorganization for his restaurants and for himself.
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The Brooklyn group that is under contract to purchase the HNA Training Center in Palisades from the Chinese-owned property, has defaulted on its contract and is seeking relief in the bankruptcy court to buy itself 60 additional days to find the funds to close.
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Forever 21 is exploring restructuring options to shore up its liquidity as the fast-fashion giant struggles with its business. The company is in talks with private equity firm Apollo Global Management about raising debtor-in-possession funds to provide financing should it file for bankruptcy. The talks come as the apparel industry continues to struggle amid sweeping changes, […]
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Some 17% retailers covered by S&P Global remain financially vulnerable, according to a report this week from the ratings agency. Big boxes and chain restaurants make up the most significant portion of the distressed companies.
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Bradley Industrial Park has been sold for $116.8 million to Angelo, Gordon & Co., a privately held New York limited partnership that manages nearly $32 billion in assets.
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