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CBC Advisors Arranges $6.9 Million Sale of Rite Aid-Leased Property in Southern California

San Jacinto, Calif. — Coldwell Banker Commercial Advisors (CBC Advisors) has arranged the $6.9 million sale of a 17,272-square-foot building leased to Rite Aid in San Jacinto.

…

  • November 16, 2017
  • Published in California, Investment sales, News

Marcus & Millichap Arranges $7.2 Million Sale of Rite Aid-Leased Property in Southern California

Lancaster, Calif. — Marcus & Millichap has arranged the $7.2 million sale of a 15,482-square-foot retail net-leased to Rite Aid in Lancaster, California.

…

  • October 31, 2017
  • Published in Investment sales, News

Walgreens to Shutter 600 Stores as Part of $4.38 Billion Rite Aid Acquisition

Deerfield, Ill. — Walgreens Boots Alliance Inc. (NASDAQ: WBA) plans to shutter 600 of its stores as part of its $4.38 billion purchase of rival Rite Aid Corp.

…

  • October 26, 2017
  • Published in Illinois, News

Walgreens, Rite Aid Call Off Merger Agreement, Announce $5.2 Billion Portfolio Sale

Deerfield, Ill. — The merger between Walgreens Boots Alliance Inc. (NASDAQ: WBA) and Rite Aid Corp. (NYSE: RAD) has been terminated.

…

  • July 3, 2017
  • Published in Company news, News, Operations

Faris Lee Investments Brokers $5M Sale of Retail Property

MORENO VALLEY, CALIF. — Faris Lee Investments has arranged the sale of a Rite Aid property located at 24991 Alessandro Blvd. in Moreno Valley.

…

  • July 5, 2016
  • Published in California, Faris Lee Investments, News

What Impact Will Walgreens’ Acquisition of Rite Aid Have On Cap Rates?

Deerfield, Ill. — For investors in net leased drugstore properties, one key question resulting from Tuesday’s announcement that Walgreens Boots Alliance Inc. has agreed to acquire Rite Aid Corp. for $17.2 billion, including acquired net debt, is what effect will the

…

  • October 28, 2015
  • Published in News, Operations

CBRE Arranges Sale of Rite Aid Property in West Virginia

Ranson, W. Va. — CBRE’s Retail Investment team has arranged the sale of a 2.47-acre, Rite Aid-leased pad site in Ranson.

…

  • August 12, 2015
  • Published in Investment sales, News, West Virginia

Greysteel Brokers $6.2 Million Sale of 25-Acre Retail Development Site in Virginia

Stafford, Va. — The Greysteel Co. has brokered the $6.2 million sale of the Town Center at Aquia, a 25-acre retail development site located in Stafford.

…

  • June 4, 2015
  • Published in News, Virginia

Cassidy Turley Arranges Sale of National Retail Portfolio for $53 Million

Washington — Nearly 20 percent of the portfolio is occupied by grocery stores.

…

  • December 11, 2014
  • Published in Investment sales, News

S.L. Nusbaum Arranges Sale of The Shoppes at College Park for $8.75 Million

Farmville, Va. — The shopping center features tenants such as Rite Aid, Dollar General, Goodwill, Advance Auto Parts and Buffalo Wild Wings.

…

  • December 4, 2014
  • Published in Investment sales, News, Virginia
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NRF: Holiday Retail Sales Rose 5.3 Percent to $936.3 Billion in 2022

 Washington, D.C. — The National Retail Federation (NRF) has reported that retail sales during 2022’s November-December holiday season rose 5.3 percent year-over-year, reaching $936.3 billion. Though the number fell short…

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Key Variable Moving Forward in Today’s Market? Motivation from Both Sides

Motivation is one of the prime drivers in any market cycle. Some markets are affected by interest rates and others by inflation. One way or another, however, a retail investment…

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Today’s Pricing Strategy is a Mix of Art, Science

There will always be a tug-of-war between retail buyers and sellers — or, really, buyers and sellers of any kind. Both parties want to achieve the best price, but that…

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City of Murrieta: Experiential Leads Retail Expansion in Evolving California City

The City of Murrieta, located in Southern California, has seen explosive growth, leading to expanding retail potential — especially in the experiential arena. The city's retail successes have been based on its…

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Cullinan Properties: Mixed-Use Properties Use Retail to Drive Value

Real estate is densifying across the country, and retail has become an important amenity as people seek to live, work and play all together in mixed-use locations. The pandemic sped up…

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Faris Lee: Abundant Capital, Sales Volume Rise as Investors Pursue Retail

Investment volume, capital and competition in the retail sector have been at unprecedented levels lately, leading to lower cap rates as well as more flexibility than investments in multifamily and…

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The Necessity Retail REIT: Growing a Recession-Resilient, Necessity Retail Portfolio

What does it take to build a $5.2 billion recession-resilient, necessity retail property portfolio? Reporter Nellie Day of Retail Insight explored this topic and more with Jason Slear, Executive Vice…

Read more

NewMark Merrill: Prop Tech Solutions to Retail Challenges

Shopping center developers, owners and managers are using property technology (prop tech) to make sense of a wealth of new, retail-generated data to create an ongoing, positive experience for customers. Sandy Sigal,…

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Industry News

  • Northmarq Arranges Acquisition Financing for 388,700-Square-Foot Shopping Center in Montgomery, Alabama
  • Marcus & Millichap Arranges Sale of 105,406-Square-Foot Shopping Center in Northwest Idaho
  • JLL Brokers $24.1 Million Sale of Retail Center in St. Augustine, Florida
  • Blue West Capital Brokers $4 Million Sale of Shops at Belleview in Metro Denver
  • Dollar General Renews 8,000-Square-Foot Lease in Northern Indiana

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