Drug Store CAP Rates Move Higher on Concerns of Walgreens-Rite Aid Merger
A possible merger between drugstore giants Walgreens and Rite Aid is driving drug store cap rates higher, according to Realty Biz News. Cap rates for […]
Retail & Office Space
Manhattan’s Retail Rents Reach $4K PSFT, the Most Expensive in the World
With monthly rents reaching $4,000 per square foot, New York’s Fifth Avenue is the most expensive retail market in the world, according to a report by […]
Office Markets Continue to Tighten – Cushman & Wakefield
Global real estate giant Cushman & Wakefield released its 3rd Quarter Office Market Beat. Among the report’s findings: National Vacancy Rate: Office vacancy rate is 13.2%, […]
Blackstone Buys Portfolio of Logistics Centers for $1.5 Billion
Private equity giant, Blackstone Group, purchased a 12-million square foot portfolio of logistic centers for $1.5 billion from LBA Realty, according to the Wall Street […]