From Convenience Store News
CARY, N.C. -- The Pantry Inc. will expand its portfolio of convenience stores into two new states through the signing of a definitive agreement to acquire 47 stores located in Kansas and Missouri from Presto Convenience Stores LLC.
"This acquisition expands our geographic footprint and creates new fill-in opportunities for future growth," The Pantry President and Chief Executive Officer Terrance M. Marks said in a statement. The deal marks The Pantry's first venture into both of these states.
read moreFrom the Restaurant Finance Monitor
Starbucks decided it had too many stores in La Mirada, California and last year shut one there that was located at the end of a small strip mall. Like many of the locations the coffee chain vacated, this one didn't stay empty for long. But the ultimate occupant came as something of a surprise: Burger King.
read moreTo highlight its growth in financial advisory services since 2004, NRC Realty Advisors, LLC, a Chicago-based firm specializing in the accelerated sale of real estate by auction and sealed bid sales, has changed its name to NRC Realty & Capital Advisors, LLC.
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From the CSP Daily News
BLOUNTVILLE, Tenn. -- In a sudden change of direction, Appalachian Oil Co. Inc. (Appco) will now be sold to a single buyer rather than broken up for several purchasers. The Appco chain in eastern Tennessee, in bankruptcy since early this year, is slated to be sold to Florida Sunshine Investments I Inc., Coral Gables, Fla., the same company that recently bought Appco's sister-company Crescent Oil Co. Inc., Independence, Kansas. The announcement was made by Denny Ruben, managing director of NRC Realty & Capital Advisors LLC, Chicago, which is handling the Appco sale under direction of the bankruptcy court.
read moreFrom the CSP Daily News
“If oil companies are dead set to divest now, they may need to take a lower price or get creative on financing.” Dennis Ruben, managing director of Chicago-based NRC Realty Advisors LLC, told CSP Daily News.
read moreNRC's two decades of experience in the divestiture of real estate through sealed bid sales will serve its clients well in those situations where it makes the most sense to sell underperforming properties, withdraw from markets, or renegotiate or even terminate burdensome leases. We have significant experience in renegotiating lease and loan terms, and in disposing of underperforming assets in the shortest amount of time and with the greatest recovery for the client.