Author: Adam Levy

Walgreens to shut 1,200 stores as it joins other pharmacy chains slashing their footprints

Global drugstore behemoth to close initial 500 locations in fiscal 2025, weighs future of VillageMD In addition to 1,200 announced store closings, Walgreens is reviewing another 800 locations for possible action. (CoStar) By Linda Moss CoStar News October 15, 2024 | 3:48 P.M. Pharmacy giant Walgreens Boots Alliance plans to close roughly about 1,200 underperforming U.S. […]

7-Eleven to close more than 400 underperforming stores as it mulls buyout offer

Convenience store chain also agreed to $520 million sale-leaseback of stores 7-Eleven and other convenience store chains are expanding offerings of prepared foods to offset a sales slowdown in other areas. (CoStar) By Andy Peters CoStar News October 10, 2024 | 4:29 P.M. The parent company of 7-Eleven is planning to close 444 stores in the […]

Home Depot shutters three large US distribution centers in less than 30 days

Closings reflect broader challenges for retailers affected by low home sales and slowing residential construction Elwood Logistics Center in Goodyear, Arizona, was one of Home Depot’s 10 largest U.S. distribution centers before it was listed for sublease in September. (John Williams/CoStar) By Adrian Ponsen and Connor Devereux CoStar Analytics October 2, 2024 | 2:47 P.M. Since the end […]

Why the local drugstore could become a plasma collection center, restaurant or even a dog park

Design & Construction As chains close pharmacies in the US and Canada, conversions involve a variety of uses with retail space scarce Vickers Design Group installed garage doors to make a transition area for a combined dog park and bar in Alpharetta, Georgia. (Vickers Design Group) By Andy Peters CoStar News September 25, 2024 | 3:57 […]

Navigating the Stagflation Undercutting Commercial Property Values

Higher Interest Rates, Slowing Income Growth Require a New Playbook for Commercial Property Investors and Owners By Chad Littell CoStar Analytics May 29, 2024 | 9:37 AM The commercial real estate industry faces new adversity as it navigates an economic phase marked by higher interest rates and slowing income growth, an economic condition commonly known as […]

Healthcare Property Investors Pay $252 Million for 37 Properties in 13 States

Remedy Medical Properties and Kayne Anderson Real Estate Strike Deal With Broadstone Net Lease Remedy Medical Properties and Kayne Anderson Real Estate have bought a 37-property healthcare portfolio that includes the Ridgeway Medical Campus in Greece, New York. (Remedy and Kayne Anderson) By Ryan Ori CoStar News May 2, 2024 | 2:36 P.M. Two of the […]

Amazon Looks for Expanded Warehouse Network To Speed Grocery, Medicine Delivery

CEO Envisions Fulfillment Facilities as Drone Bases To Deliver Perishable Items in Minutes Amazon’s Prime Air service aims to eventually let the company deliver packages in less than an hour. (Amazon) By Randyl Drummer CoStar News April 11, 2024 | 6:25 P.M. Online retailer Amazon could use its growing network of regional fulfillment centers to expand […]

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