News
CPE-RICS Report: Global Gestalt
In the third quarterly CPE-RICS podcast, RICS chief economist Simon Rubinsohn examines overvalued property, challenges in emerging markets and other global investor concerns.
Fallout from Walgreens–Rite Aid Deal Could Be Substantial
Following Tuesday’s announcement by Walgreens that it had agreed to buy Rite Aid for about $9 billion, CPE examined the likely consequences of the deal on the real estate side.
Economy Watch: Congress Acts, the Federal Reserve Doesn’t
On Wednesday, the U.S. House of Representatives passed a two-year budget deal that would prevent a repeat of the game of chicken that Congress played with the debt ceiling in 2011.
Cornerstone at Lake Mary Reaches Full Occupancy
Tyler Wilkins of Crossman & Co. negotiated a new lease at the Publix-anchored Cornerstone at Lake Mary, which brought the shopping center to complete occupancy.
FirstBank Florida Conquers Brickell
FirstBank Florida announced its plans to open a new branch in Miami’s Brickell area.
Hyatt Regency Orange County Sells for $137M
The 656-key Hyatt Regency Orange County hotel in Garden Grove, Calif. has changed ownership.
Walgreens Acquires Rite Aid in $17.2B Mega-Merger
Walgreens Boots Alliance announced plans to buy Rite Aid Corp. for $9 per share.
Walgreens’ Prime Location Commands Top Dollar
Retail properties on the Las Vegas Strip continue to rise in value.
Macerich Reboots Walnut Creek Lineup
Macerich reveals who made the cut for the 2015 holiday season.
Mission Capital Lands Loan for Manhattan Office Tower
Mission Capital Advisors helped an investment group, led by fashion designer Elie Tahari, find $70 million in financing for 88 University Place, a 94,000-square-foot Midtown South property.