Charlotte Russe announced that it successfully completed an out-of-court restructuring, which reduced term loan debt from $214 million to $90 million, cut interest expense by approximately half, and extended the maturity date five years.
Drew Schaul, one of the leading retail real estate professionals in the Miami market, has returned to CBRE after a seven-year stint at Robert K. Futterman & Associates.
Though leasing activity in the first quarter of any year is historically slow, new retail lease signings were especially light during the first three months of 2018.
Chick-fil-A has opened its largest location ever, on Fulton Street in the heart of Manhattan’s Financial District. It is the chain’s fourth location in the Big Apple.