Tuesday Morning sells its Dallas real estate as it plans to exit bankruptcy with publicly-traded shares

Dallas-based retailer Tuesday Morning has filed a reorganization plan that includes the sale of its local real estate, a new bank loan and a path for how it will emerge as a publicly-traded company when it exits bankruptcy in December.

Tuesday Morning said in a filing Thursday that it sold its North Dallas headquarters and warehouse facilities on Inwood Road in Farmers Branch and Addison. The headquarters at 6250 Lyndon B. Johnson Freeway and the warehouse building were sold for $60 million to Miami-based investment firm Rialto Capital. The cash will allow Tuesday Morning to pay off its vendors.

Tuesday Morning store located at 6465 E. Mockingbird Ln in Dallas.

Tuesday Morning, which is nearing the end of its bankruptcy reorganization, will lease back the buildings. The headquarters lease is for 10 years, while the warehouse buildings are for an initial term of 2.5 years followed by a one-year extension.

The retailer of home furnishings and gifts also entered into a

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Euronext resolves mix up of buy and sell orders on trades struck on Tuesday

By Kanishka Singh

Oct 21 (Reuters)Exchange operator Euronext ENX.PA said that there was mix up of buy and sell orders on a number of trades struck on Tuesday and later told Reuters that the issue was resolved by Wednesday evening as it battled to handle trading glitches after a huge outage earlier this week.

“It has been identified that some of the 19/10 trades sent yesterday to the CCPs (central counterparty clearing house) had the wrong buy/sell direction”, Euronext said earlier on Wednesday.

“Reverse trades will be sent after trading hours in order to neutralize the error”, it added.

“The issue is now solved”, the company said in an emailed statement late on Wednesday.

A series of glitches on Monday disrupted several of Western Europe’s major stock exchanges and raised concerns about the risk of one operator hosting so many bourses.

The outage was at least the

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Public hearing on Paso Robles’ Beechwood Specific Plan planned for Tuesday council meeting

A public hearing will be held Tuesday for the largest housing development currently in the works in Paso Robles.

It’s another opportunity for the community to comment on the Beechwood Specific Plan near Virginia Peterson Elementary School.

The project has been at least 14 years in the making, but Tuesday night could mark the final hurdle.

“Our objective is to secure approval of the development plan, the environmental impact report, and the development agreement between the city and the property owners,” said Dan Lloyd, Beechwood Specific Plan Project Manager.

The project spans roughly 230 acres with upwards of 900 housing units.

“This is the largest one that we have at this time and really the last of the specific plans that we see in the near future,” said Darren Nash, Paso Robles City Planner.

Units include single-family residential, duplexes, triplexes, condos, and apartments.

“We expect the price ranges to go

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