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Monday, nov 25
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Financing
Real Estate
Westchester's 2024 Q3 Commercial Real Estate Market Shows 'Mixed Results': Report
Although demand for Westchester retail space and multifamily apartment complexes improved during the third quarter of 2024, the market for other commercial properties in the county did not fare as well, according to an all-new report. The data regarding the county's commercial real estate market came from Houlihan Lawrence's Q3 Commercial Market Report, released on Tuesday, Oct. 29. According to the real estate brokerage, demand for retail space in Westchester "continues to evolve rapidly," as consumers have healthy purchasing power and are on the lookout for "con…
Business
Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's Rundown Of NY Closures
Discount retail chain Big Lots has filed for bankruptcy as its list of planned store closures expands. It currently has around 1,425 stores nationwide. The company announced on Monday, Sept. 9 that it will sell its assets to an affiliate of private equity firm Nexus Capital Management. In announcing initial store closures late in late July, Big Lots said a bankruptcy filing could be coming. Stores in the Northeast now slated for closure are as follows: New York Delaware Avenue, Buffalo South Ogden Street, Buffalo Route 5 & 20, Canandaigua Voice Road, Carle Place Centereach …