Having failed to secure Federal Trade Commission (FTC) approval, Rite Aid and Walgreens Boots Alliance have scuttled plans to merge. Instead, Walgreens will acquire 2,186 Rite Aid stores and three distribution centers for $5.175 billion in cash. Under this deal, … Continue reading →
New York-based Vornado Realty Trust, in partnership with The JBG Companies, is one of three finalists bidding for an approximately $1.7 billion contract to build a new FBI headquarters building in the suburbs of DC, according to ABC News. In … Continue reading →
Under a new law, Utah restaurants can remove partitions, known as Zion curtains which hide bartenders preparing alcoholic drinks. These partitions, which are required to be solid, translucent, and permanent are typically made of frosted glass and are intended to … Continue reading →
San Francisco-based Terreno Realty Corporation has acquired a 10.6-acre complex at 422-470 Frelinghuysen Avenue for $16.3 million, according to Business Wire. The property, which sits adjacent to Newark Liberty International Airport, is vacant with an estimated stabilized cap rate of … Continue reading →
The rule of 70 is fast method to estimate the amount of time it takes for a certain variable to double, regardless of what the variable represents. To estimate the amount of time it takes Stress is one of the … Continue reading →
Xceligent, a national commercial real estate data firm filed an antitrust
Continue reading →In 2016, half of all the capital investment in U.S. manufacturing was in chemical plants, up from less than 20 percent in 2009, according to Morningstar (citing Census Bureau data). According to the American Chemistry Council there are $185 billion … Continue reading →
Warren Buffett’s Berkshire Hathaway Inc. has invested $377 million for a 9.8 percent stake in Store Capital Corp., a net-lease REIT that focuses on service tenants such as day care centers, health clubs, restaurants and supermarkets. Less than a twenty … Continue reading →
At 1,100 feet, the Wilshire Grand Center is the tallest building west of the Mississippi River and the 9th tallest building in the United States, according to The Skyscraper Center. Owned by Seoul-based Hanjin Group (which is also the holding … Continue reading →
Restaurants make up more than half of food spending today compared to about 25 percent in the 1950s, according to The Atlantic. Total locations in the fast-casual sector (chains such as Chipotle and Sweetgreen) grew by nine percent last year … Continue reading →