Boise, Idaho — Boise-based grocery chain Albertsons Cos. has agreed to acquire Rite Aid Corp. (NYSE: RAD), one of the nation’s largest drugstore chains, for an undisclosed sum.
Denver — Chipotle Mexican Grill’s board of directors has appointed Brian Niccol as CEO and a member of the board, effective March 5, 2018. Niccol most recently served as CEO of Yum! Brands’ Taco Bell division.
Chattanooga, Tenn. — Chattanooga-based CBL Properties has promoted Mike Harrison to executive vice president of operations and Alan Lebovitz to executive vice president of management.
Oak Brook, Ill. — Oak Brook-based Retail Properties of America Inc. (RPAI) has promoted Julie Swinehart as the company’s executive vice president, chief financial officer and treasurer.
Calgary, Alberta And San Diego — Brookfield Residential Properties Inc., the residential development arm of private equity firm Brookfield Asset Management, has closed on its acquisition of OliverMcMillan, a San Diego-based developer of large-scale mixed-use properties.
Wayne, N.J. — Toys ‘R’ Us is planning to shutter up to 182 underperforming stores across the country as part of its Chapter 11 bankruptcy reorganization plan.
Houston — Citing struggles stemming from the rise of e-commerce, Charming Charlie has filed for Chapter 11 bankruptcy protection.
Sydney and Paris — Europe’s largest commercial property firm Unibail-Rodamco is set to acquire U.S. and U.K. mall owner Westfield Corp. (ASX: WFD) for $15.7 billion.
Sayreville, N.J. — A joint venture between North American Properties (NAP) and PGIM Real Estate is set to break ground on Riverton, a $2.5 billion, 418-acre, mixed-use development located roughly 33 miles south of Manhattan along the Raritan River in Sayreville.
Warrendale, Pa. — Teen clothing retailer rue21 has completed its financial restructuring and emerged from the Chapter 11 process.