Getty

Getty Realty Corp. Repossesses 788 Properties

Getty enters into new lease agreements with affiliates of Lehigh Gas, Chestnut Petroleum Distributors, Ramoco Fuels and Sam’s Food Stores. Getty Realty Corp.’s master lease with Getty Petroleum Marketing Inc. (Marketing) has been rejected by Marketing effective April 30, 2012, pursuant to an order of the Bankruptcy Court.   The rejection was consistent with the

Getty

Details Emerge On Getty Petroleum Marketing Bankruptcy

“We welcome the fact that the process will now have structure and the supervision of the Bankruptcy Court to protect the value of our estate,” says Getty Realty Corp. CEO. Getty Realty Corp. has announced that Getty Petroleum Marketing Inc. (GPM), the company’s largest tenant, has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court,

Getty

Breaking news: Getty Petroleum Marketing Files for Bankruptcy

Gas marketer Getty Petroleum Marketing Inc has filed for Chapter 11 reorganisation, Reuters reported.  The bankruptcy filing comes a week after Getty Realty Corp. threatened to end its lease agreement with the gas-station operator for defaulting on payments. East Meadow, N.Y.-based Getty Petroleum Marketing is the largest tenant of Getty Realty, which owns and leases

Finding Financing in a Tight Market

Money is tight, but some convenience store operators are finding the means to finance remodels or even acquisitions. Generally speaking, the availability of money depends on the size of the operator, according to Mark Radosevich, president of PetroProperties & Finance LLC in Miami. “The guys who are moderate size to large generally have relationships with

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