Year: 2023

Sale-Leaseback Transactions Proving To Be an Attractive Option in Current Interest Rate Environment

Corporations Offer Lengthy Lease Terms in Exchange for Unlocking Valuable Operating Capital By Chad Littell CoStar Analytics December 21, 2023 | 10:14 AM Sale-leasebacks, in which a company that owns its building offers to sell it for market value and continue to occupy it under a long-term lease, can provide a win-win scenario for buyer and […]

McDonald’s Spinoff CosMc’s Coming Soon to Chicago, Dallas and San Antonio Areas

Concept Focused on New Drinks, Treats To Debut Alongside Broader Company Expansion McDonald’s will open its first CosMc’s restaurant in Bolingbrook, Illinois, later this month. (McDonald’s) By Ryan Ori CoStar News December 7, 2023 | 3:04 P.M. McDonald’s plans to open several CosMc’s restaurants by the end of next year, including one not far from the […]

Dollar Tree Eyes Closing Underperforming Family Dollar Stores

Discount Retailer Dollar Tree Eyes Closing Underperforming Family Dollar Stores Fast-Growing Company Begins Review of Property, To Consider Rebranding Some Locations Dollar Tree acquired the Family Dollar chain for $9 billion in 2015. This store is in Toledo, Ohio. (CoStar) By Linda Moss CoStar News November 29, 2023 | 4:50 P.M. Discounter Dollar Tree, known for […]

NNN REIT Consolidation – Realty Income to Acquire Spirit Realty

Realty Income to Acquire Spirit Realty Capital in $9.3 Billion Transaction NEWS PROVIDED BY Realty Income Corporation  30 Oct, 2023, 06:30 ET – Over 2.5% Accretion to Annualized AFFO per Share in All Stock, Leverage-Neutral Transaction – Complementary Real Estate Portfolio Enhances Size, Scale and Diversification to Expand Runway for Future Growth – No Reliance […]

Rite Aid Files for Bankruptcy Protection, Plans Store Closings

Pharmacy Chain Looks To Reject Leases Rite Aid said it will accelerate the optimization of its physical footprint, namely closing some stores. (CoStar) By Linda Moss CoStar News October 16, 2023 | 12:06 AM Pharmacy chain Rite Aid, facing significant debt and plagued by litigation related to filling prescriptions for opioids, filed for Chapter 11 bankruptcy […]

Decline in Office Values Outpaces Great Recession

Blackstone-Owned New York Office Building Goes Up for Sale, Silver Star To Sell Properties Tied to Loan A Weekly Look at the Commercial Mortgage-Backed Securities Business By Mark Heschmeyer and Nicole Shih CoStar News September 21, 2023 | 9:19 AM Decline in Office Values Outpaces Great Recession: The values of office properties financed by troubled loans in commercial mortgage-backed […]

Property Executive Looks To Turn Recreational Vehicle Demand Into REIT Storage Powerhouse

Former CyrusOne CEO Gary Wojtaszek Plans To Deploy Billions on RV and Boat Facilities RecNation is expanding its portfolio of storage properties for recreational vehicles and boats across the country. (RecNation) By Candace Carlisle CoStar News September 13, 2023 | 2:39 P.M. Gary Wojtaszek came out of retirement to accomplish something he has done before: Grow […]

CEO Exits As Drugstore Giant Walgreens Trims Store Footprint Across US and UK

Company Views Healthcare Services, Not General Merchandise Sales, As Its Growth Driver Walgreens has nearly 9,000 stores in the United States, including this one in South Carolina (CoStar) By Linda Moss CoStar News September 1, 2023 | 4:22 P.M. A change in leadership for global drugstore giant Walgreens Boots Alliance is part of a pivot by a streamlining […]

Scroll to top