Core Insights - Neiman Marcus has sold the land beneath its Beverly Hills flagship store to Ashkenazy Acquisition Corp to address debt obligations while continuing to operate as a tenant [1][2][5] - The sale is part of a broader strategy by Saks Global to raise cash, which may include offloading additional stores or seeking emergency financing [5][6] - The Beverly Hills retail property market remains strong, with high demand for luxury retail space and limited availability [7][8] Company Actions - Saks Global made a strategic decision to sell the property and enter a long-term lease, ensuring continued operations at the location [2][4] - The company is facing a $100 million debt payment deadline and is considering Chapter 11 bankruptcy as a last resort [6] Market Conditions - The Beverly Hills retail market is described as one of the most robust in the country, with virtually no available space on Rodeo Drive and increasing demand on nearby streets [7][8] - Luxury brands are increasingly purchasing their retail spaces rather than renting, indicating a shift in market dynamics [8]

Group 1 - Hepsor AS subsidiary Hepsor 3Torni OÜ sold 20 apartments in the Ojakalda Kodud development project for four million euros, excluding VAT, under market conditions [1] - The average price per square meter of the sold apartments matched the pricing level of comparable units previously sold in the same development [1] - Hepsor 3Torni OÜ will continue to sell the remaining 20 apartments in line with the original development project strategy [2] Group 2 - Hepsor AS acquired an additional 49% stake in Hepsor 3Torni OÜ from Artex KV OÜ for 1,225 euros, making Hepsor AS the sole owner of the subsidiary [3] - The Ojakalda Kodud development project includes three completed apartment buildings with a total of 101 apartments, of which 61 have already been sold [2] - Hepsor AS has developed 2,076 homes and nearly 36,300 square meters of commercial space over its fourteen years of operation [3]