The parent company of Regal Cinemas will be allowed to retroactively reject 17 leases as part of the settlement. The company had attempted to reject 9 additional leases, but landlords of these remaining properties are expected to dispute the rejections at future hearings.
Here are the 17 leases that the U.S. bankruptcy judge is allowing the company to reject:
California: 8030 E. Santa Ana Canyon Rd, Anaheim Hills; 3351 W. Shaw Ave, Fresno; 4767 Commons Way, Calabasas; 2525 San Ramon Valley Blvd, San Ramon; 3735 Alton Pkwy, Irvine
Connecticut: 495 Union St, Waterbury
Florida: 12884 City Center Blvd, Jacksonville
Missouri: 754 Gravois Bluffs Blvd, Fenton
Nevada: 8880 South Eastern Ave, Las Vegas
North Carolina: 750 SW Greenville Blvd, Greenville
Ohio: 18348 Bagley Rd, Cleveland
Oregon: 15995 SW Tualatin Sherwood Rd, Sherwood
Pennsylvania: 185 North West End Blvd, Quakertown
Texas: 8275 Amarillo Blvd. W, Amarillo; 9828 Great Hills Tr, Austin; 700 West Oaks Mall, Houston
Washington state: 5910 South 180th St. in Tukwila
Major redevelopment is in the works for Lincoln Square Shopping Center, at the gateway of Arlington, Texas’ Entertainment District
Fort Worth-based Trademark Property Company completed the acquisition of the 470,000-square-foot property. The city of Arlington entered a public-private partnership with the developer to assist and invest in the redevelopment.
Bed Bath & Beyond’s chief customer and technology officer resigns
Mike Tritton stepped down from his role as CEO in June.
Holiday shoppers expected to ring up 6% to 8% more spending for retailers
Consumers will use credit and dip into savings in the face of high inflation, according to the National Retail Federation.
Restaurant Brands International’s (Burger King, Tim Hortons, Popeyes, Firehouse Subs) Earnings Report
The company’s global same-store sales rose 9.1% in the quarter.
Starbucks’ Earnings Report
The company’s loyalty program saw its active membership climb 16% to 28.7 million people in the quarter.
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