Dallas-based Tuesday Morning Corporation has been sold to liquidation company Hilco Merchant Resources for more than $32 million, resulting in the closure of all stores. This will affect thousands of employees at their North Dallas headquarters and 59 stores across Texas, including 18 in the Dallas-Fort Worth area. Going-out-of business sales are now underway with 30% off lowest ticketed price; customers must use any gift cards or make returns by May 13th.
This news follows Bed Bath & Beyond’s announcement that they too are shutting down operations; they have 52 stores in Texas.

La Bahia Hotel & Spa in Santa Cruz Lands $115M Refinance from Madison Realty Capital
Sonnenblick-Eichner Company has arranged a $115 million first mortgage refinancing for a newly opened luxury waterfront hotel in Santa Cruz

