rue21 Files Chapter 11; To Focus on Best Performing Stores

Another teen specialty apparel retailer, rue21 Inc., has filed for chapter 11 bankruptcy reorganization. Last month, rue21 began the process of closing approximately 400 underperforming stores in its 1,179 store fleet in order to streamline operations. The locations were identified as unprofitable, underperforming, or not a strategic fit going forward. rue21 hired Gordon Brothers Retail

Read More

Office Lease Up (May 15) F5 Networks Preleases 48-Story Office Tower

F5 Networks, Inc. a computer and data processing company, signed a 14.5-year office lease for 515,000 square feet at the in-development office tower rising at 801 5th Ave. in Seattle, WA. The 48-story, 528,000-square-foot office building will sit atop the 19-story SLS Hotel with F5 Networks occupying floors 20 thru 48. Construction is expected to

Read More