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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 […]

Brazilian Steakhouse Looks To Accelerate Expansion Under New Ownership Fogo de Chão offers meats that are roasted in the churrasco style and carved by gaucho chefs. (Fogo de Chão) By Linda Moss CoStar News August 15, 2023 | 4:57 P.M. Bain Capital Private Equity is buying Fogo de Chão, the chain of Brazilian-style steakhouses, in just […]

Landlords, Lenders Face Exposure to Coworking Giant’s Struggles One of WeWork’s busier locations in Miami sits atop a public parking garage in the Wynwood arts district. (Andria Cheng/CoStar) By Andria Cheng CoStar News August 16, 2023 | 12:24 P.M. WeWork’s recent declaration that “substantial doubt exists” about its ability to continue as a going concern threatens to further […]