Getty gets $195.5M in retail gas exit
East Meadow-based Getty Petroleum Marketing has sold 164 gas stations and 339 supply contracts for $195.5 million, as the company leaves the direct-supplied retail gas business. Most of the stations...
View ArticleGetty Petroleum Marketing files for bankruptcy
Getty Petroleum Marketing, along with its subsidiaries, filed a voluntary petition for Chapter 11 reorganization in the U.S. Bankruptcy Court today. In a statement released from Getty, company...
View ArticleJudge orders Getty to pay $9 million in backrent
A United States Bankruptcy Court judge has ordered Getty Petroleum Marketing to pay $9 million in post-bankruptcy rent and real estate taxes for December 2011 and January 2012. Southern District of New...
View ArticleGetty Realty tries to shed gas stations
Following Jericho-based Getty Petroleum Marketing’s recent bankruptcy filing, its property leasing arm Getty Realty is looking to sell about 160 retail properties and nine petroleum distribution...
View ArticleCourt: Getty owes $8.7 million in back rent
A U.S. bankruptcy court has ruled Getty Petroleum Marketing will have to pay the remaining rent it owes on about 800 stations it leases from Jericho-based Getty Realty Corp. by the end of the month,...
View ArticleGetty Realty repossesses nearly 800 gas stations
Jericho-based Getty Realty Corp. is repossessing its portfolio of nearly 800 properties immediately, according to a company statement. As outlined by last month’s U.S. Bankruptcy Court ruling, Getty...
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