Walgreens Acquiring Duane Reade for $1.075B
February 16th, 2010In a move rivaling its top competitor’s 2008 acquisition of Longs Drugs, Walgreens (NYSE, NASDAQ: WAG) is acquiring New York-based drugstore chain Duane Reade from its private equity owners, Oak Hill Capital Partners, for $1.075 billion, which includes…
China’s Home-Team Edge on Property
February 16th, 2010Foreign investors sit on the sidelines, weighing their next move, as local rivals attract investment and move through the Chinese real-estate industry with more ease.
Farkas Looks to Write New Chapter
February 16th, 2010Andrew Farkas is negotiating to take over a unit of Centerline Holding, a firm that specializes in restructuring troubled mortgages securitized into bonds.
UPDATED: General Growth Responds to Simon’s $10 Billion Acquisition Offer
February 16th, 2010The country’s largest retail property owner has made a bold move to acquire its largest single competitor, General Growth Properties (“GGP”). On the morning of Feb. 16, 2009, Simon Property Group (NYSE:SPG) announced that it had offered to acquire GGP…
General Growth Responds to Simon’s $10 Billion Acquisition Offer
February 16th, 2010The country’s largest retail property owner has made a bold move to acquire its largest single competitor, General Growth Properties (“GGP”). On the morning of Feb. 16, 2009, Simon Property Group (NYSE:SPG) announced that it has offered to acquire GGP…
Updated: General Growth Responds to Simon’s $10B Acquisition Offer
February 16th, 2010The country’s largest retail property owner has made a bold move to acquire its largest single competitor, General Growth Properties (“GGP”). On the morning of Feb. 16, 2009, Simon Property Group (NYSE:SPG) announced that it has offered to acquire GGP…
Down Under, Worries on Rise
February 16th, 2010There is likely more pain to come for the local and regional U.S. banks that loaded up on commercial real-estate loans during the boom, an Australian official says.
Simon Bids $10 Billion for General Growth
February 16th, 2010Simon Property is offering about $10 billion in cash and stock for rival mall operator General Growth, which is currently restructuring under bankruptcy-court protection.
Forever 21 Leases 197,345 SF
February 16th, 2010Forever 21 signed a 197,345-square-foot lease at White Marsh Mall in White Marsh, MD. The national women’s apparel chain will take over the anchor space formerly occupied by Boscov’s.
The two-story, 197,345-square-foot anchor tenant space at 8200 Perry…
London’s City Sees Property Boom
February 16th, 2010London’s banks and other financial institutions are leasing floor space at a rate not seen since the top of the last market boom.
