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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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Deadheads Drive Higher Hotel Demand Than Swifties in Bay Area Concerts, Music Festivals Drive Summer Hotel Performance in San Francisco Dead & Company performs their last show together July 16 at Oracle Park on their farewell tour in San Francisco. (East Bay Times/Getty Images) By Emmy Hise CoStar Analytics August 24, 2023 | 8:24 AM Taylor Swift’s […]

Outperforming Rent Growth Keeps Driving Mark-to-Market Opportunities Built in 1997, this distribution center at 101 N. 103rd Ave. in Tolleson, Arizona, was sold as part of Prologis’ $3.1 billion portfolio acquisition from Blackstone. (Brandon Aran/CoStar) By Adrian Ponsen and Chad Littell CoStar Analytics August 15, 2023 | 3:22 P.M. While the current commercial real estate price correction is […]