Expansion Plans Come a Day After Rival Dollar Tree Says It’ll Close 1,000 Family Dollar Locations Dollar General’s expansion plans are proceeding. (CoStar) By Linda Moss CoStar News March 14, 2024 | 5:42 P.M. Discount retail behemoth Dollar General heralded the arrival of its 20,000th store, and touted plans to open about 800 others this year, […]
Dollar Tree To Close About 1,000 Family Dollar Stores in Year’s Biggest Announced Shutdown
But Discount Giant Says It Will Keep Opening Namesake Stores Dollar Tree acquired the Family Dollar chain in 2015 for $9 billion. (CoStar) By Linda Moss CoStar News March 13, 2024 | 4:02 P.M. Discount giant Dollar Tree plans to shutter roughly 1,000 underperforming Family Dollar stores, the biggest U.S. store-closing announcement so far this year, […]
US Grocery Wars Heat Up With Aldi’s Plans for $9 Billion Expansion
German Discount Chain Seeks To Add 800 Stores, Completes Purchase of Winn-Dixie Supermarkets Aldi is moving forward with aggressive store expansion plans. (Aldi) By Linda Moss CoStar News March 7, 2024 | 6:10 P.M. The competition among grocers is growing even fiercer, with German discount supermarket chain Aldi planning to add 800 stores across the United […]
Burger King Parent To Acquire Biggest US Franchisee in $1 Billion Deal
Fast-Food Chain Expects Purchase of Carrols Restaurant Group To Accelerate Remodeling Burger King is trying to fast-track the remodelng of its restaurants. This location is in Roswell, New Mexico. (CoStar) By Linda Moss CoStar News January 16, 2024 | 4:32 P.M. Burger King’s parent is acquiring the fast-food chain’s largest U.S. franchisee, an operator of more […]
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 […]
Walgreens Cut to Junk By Moody’s on Healthcare Strategy Push
Walgreens Cut to Junk By Moody’s on Healthcare Strategy Push Allison Nicole Smith and Olivia Raimonde Mon, December 11, 2023 at 5:09 PM CST·3 min read (Bloomberg) — Walgreens Boots Alliance Inc. had its senior unsecured credit rating cut to junk by Moody’s Investors Service, with the credit grader citing the drugstore chain’s high debt […]
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 […]
KKR Unloads Over $560 Million of US Industrial Real Estate
Firm Remains Large Player in Sector, With Properties in Major Metropolitan Areas KKR, which owns industrial properties including Park 70 in Aurora, Colorado, has sold over $560 million of industrial real estate recently. (CoStar) By Andria Cheng CoStar News October 3, 2023 | 3:51 P.M. Global private equity firm KKR has sold over 5 million square […]