With Walgreens looking into potentially going private, it might be time to check on the conditions in the drugstore net lease sector, one of the most popular sectors for investors. While drugstores remain largely in favor as a safe asset class, there were some complicated dynamics happening among the various chains in the third quarter, according to recent market reports.
Tom Barrack’s Colony Capital Inc. has proposed a transaction that would transfer the management of $2.5 billion of equity parked in private credit funds to an affiliated real estate investment trust, Colony Credit Real Estate Inc.
No longer the khaki king of the ’90s, Gap Inc. has been in need of an overhaul for a very long time -- and Art Peck won’t be the one to deliver it after all.
Sears to close 96 more stores after securing $250 million loan, reports Reuters. WeWork’s share of new flex space lease activity jumped to 69% in the third quarter, according to CBRE. These are among today’s must reads from around the commercial real estate industry.
