CPE’s Top 5 July 2017 Articles
August 1, 2017
Miss out on any CPE stories in July? Here are five of our most popular articles for the month, including news on the $5.2 billion Walgreens-Rite Aid merger and a joint venture partnership between GGP and Seritage.
Seritage, GGP Trade $248M in JV Transactions
The joint venture will continue to own four properties on a 50/50 basis. These assets are located in Texas, Washington, Massachusetts and Oklahoma.
Merger of Drugstore Giants Changes Course
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Under the new $5.2 billion deal, Walgreens Boots Alliance will purchase 2,186 stores from Rite Aid Co., along with three distribution centers and related inventory.
Kroger-Anchored Shopping Center Trades in Dallas
A partnership of Foundry Commercial and Stockbridge acquired Northview Plaza in Dallas from MDT Properties. The new owners plan to upgrade the 116,000-square-foot community shopping center.
Best Western Brand Tapped for Stratosphere, Aquarius Resorts
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American Casino and Entertainment Properties chose Best Western’s BW Premier collection for the properties, which include Las Vegas’ tallest structure and a 1,906-key resort in Laughlin, Nev.
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The revised plans for The Village at 17 Herff feature luxury apartments and mixed commercial uses.
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