A total of 31 retail sites in New Jersey, Florida and Pennsylvania are up for auction this summer. Sheldon Good & Company, a Racebook Portfolio Company and real estate auctioneer, announced an auction to sell a portfolio of 31 commercial real estate sites, all of which are gas stations, c-stores or development sites throughout New…
Southern California Gas Station Franchisees Sue BP
Some 40 station owners claim BP failed to comply with the federal and state rules for terminating a franchise, seek $1 billion in damages and a restraining order to protect them from being forced from their property. A group of Southern California Arco and Thrifty gas station franchisees are suing BP and Thrifty Oil Co.,…
Breaking News: Carroll Independent Fuel Co. Acquires High’s of Baltimore
“The acquisition by Carroll will ensure the continuance of a well-recognized brand and the accelerated growth of the High’s name within our market area,” says High’s spokesperson. High’s of Baltimore Inc. has divested its High’s Dairy Stores to The Carroll Independent Fuel Co. Hanover, Md.-based High’s directly operates 46 retail convenience stores and gas…
Seizing Real Estate Opportunities
Prying Properties Loose Important for retailers to understand is that commercial real estate today is an industry in transition. Its landscape is littered with landlords, if not desperate, than at least strongly motivated to make deals work. “Things are tight,” said George Anderson, vice president of market analytics for NAI Global in Princeton,…