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Financial/Banking

  • Inland Real Estate Acquisition announces promotions

    Photo: Matthew Tice (left) and Mark Cosenza (right)

  • Ollie’s offer size increased

    Demand for shares of Ollie’s Bargain Outlet is such that the retailer has increased the size of a secondary offering.

  • Everybody loves Ollie’s, offer size increased

    Demand for shares of Ollie’s Bargain Outlet is such that the retailer has increased the size of a secondary offering.

  • Popular New York grocery chain on brink of default

    The losses are mounting at one of New York City’s most beloved supermarket chains, the 80-year-old Fairway Market, as it battles increased competition from the likes of Trader Joe’s and Whole Foods Market. Fairway Group Holdings Corp., is on the cusp of default, and the next step could be bankruptcy court, Crain’s New York reported. The company warned investors in a regulatory filing on Feb. 5 that it could breach its loan agreements.

  • Kroger CEO joins VF Corp. board

    The VF Corp. is adding some heavy duty retail expertise to its board of directors.

  • Ollie’s owners ready to reduce interest in outlet chain

    The majority owner of Ollie’s Bargain Outlet is looking to reduce its stake in the company following a holiday season sales performance CEO Mark Butler characterized as thrilling.

  • Divaris’ Washington, D.C. team completes five leases

    Washington, D.C. -- Gerald S. Divaris, chairman and CEO of Divaris Real Estate, announced the company negotiated five leases totaling 17,469 sq. ft. of commercial space in the metropolitan Washington, D.C., market.

    Wash ‘N Dry - leased 5,792 sq. ft. of retail space at Ashdale Plaza located in Woodbridge, Virginia. Retailers at the center include: Family Dollar, Popeye’s, Wells Fargo, Goodwill and Davita. The landlord, A.R. Kronstadt Realty Investors, was represented by DRE’s Susan McGee.

  • Report: The Fresh Market is on the auction block

    The Fresh Market is being viewed as a takeover target with recent media reports indicating that some of the biggest names in the grocery game are interested in the company.

    Reuters reports thatKroger is in the second round of an auction process for Fresh Market that has also attracted other companies and private equity firms. Apollo Global Management, KKR & Co and TPG Capital are among the buyout firms participating in the auction.

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