Regions
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.
Walgreens Acquires Rite Aid in $17.2B Mega-Merger
Walgreens Boots Alliance announced plans to buy Rite Aid Corp. for $9 per share.
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.
NJ Waterfront Apartments Sell for $147.5M
Castle Lanterra Properties has acquired Alexan CityView, a 544-unit apartment community on a man-made peninsula in Bayonne, N.J., for $147.5 million.
Madison Equities Snaps Up Manhattan Development Site
Madison Equities and partner Impresa Pizzarotti & C. Spa acquired a vacant 12,600-square-foot development site at 45 Broad St. in an $86 million deal.
Holyoke’s Rooftop Solar Installation Will Power 200 Homes a Year
The first commercial rooftop solar project in the City of Holyoke began operations.
Boston-Area Developer Buys Major Harborfront Parcel
WS Development has acquired a 12.5-acre parcel of land in Boston’s Seaport District that will eventually include 2.8 million square feet of residences, offices, hotels, retail, parks and community space.
Chevy Chase Mixed-Use Project Receives $107.6M in Financing
WealthCap receives $107.6 million in financing for Chase Tower, a 245,835-square-foot mixed-use project leased to a mix of office and retail tenants, including The JBG Companies, Capital One, Chipotle Mexican Grill and more.
Phase I of North Dakota Retail Center Reaches Completion
A regional power center in Bismarck, N.D. has reached a crucial milestone.
L&L Packs a Punch with Recap of NYC’s 114 Fifth Ave.
Allianz Real Estate purchased the majority stake in 114 Fifth Ave. in Manhattan for a pretty penny and has formed a new JV with L&L Holding following the recapitalization of the 19-story building.