Category Archives: Commercial Real Estate

Commercial real estate can include many types of legal issues, including landlord tenant disputes, contract issues and bankruptcy.

Longorias Beso Kisses Its Way Into Bankruptcy

WSJ – Desperate Housewives’ star Eva Longoria’s Las Vegas restaurant and nightclub filed for Chapter 11 bankruptcy protection Thursday, a little more than one year after its grand opening. Court papers show that Longoria holds a 32.33% stake in Beso LLC, which operates the Beso restaurant and Eve nightclub in MGM Resorts Internationalbs new CityCenter development in Sin City. Longoria and her co-investors teamed up with well-known chef Todd English to open the first Beso (which means “kiss” in Spanish) in Hollywood in 2008, and they debuted the Vegas location in December 2009. According to Beso’s website, the restaurant’s menu takes its inspiration from Longoria’s Latin heritage, specializing in such dishes as ceviche. In its Chapter 11 petition, filed with the U.S. Bankruptcy Court in Las Vegas, Beso reported $2.5 million in assets and $5.7 million in debts. None of its debt is secured. Longoria is one of Beso’s top…
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Chapter 11 is Newest Tale for Storytelling Center

The International Storytelling Center will spin its next yarn in bankruptcy court. The Jonesborough, Tenn., center, home to the 37-year-old National Storytelling Festival, filed for Chapter 11 protection last week, owing creditors more than $3 million, according to papers filed with the U.S. Bankruptcy Court in nearby Greeneville. Nestled in the Appalachian Mountains, the center is dedicated to the study and preservation of oral storytelling and is affiliated with the Library of Congress and the Smithsonian Institute. The story of the centers financial troubles is a familiar tale to many businesses that filed for bankruptcy in recent years. [continued]

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A&P Bankruptcy May Be An Opportunity for Rivals

PORTLAND, Ore. The fall into bankruptcy court by the Great Atlantic & Pacific Tea Co. is the culmination of years of decline but creates an opportunity for its competitors and could mean further consolidation in the supermarket industry. The nation’s oldest grocer filed for Chapter 11 bankruptcy protection Sunday after years of struggling with enormous debt, falling sales and rising competition from low-priced peers. [Continued]

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