CPE’s Top 5 July 2017 Articles

Miss out on any CPE stories in July? Here are five of our most popular articles for the month, including news on the $5.2 billion Walgreens-Rite Aid merger and a joint venture partnership between GGP and Seritage.

Seritage, GGP Trade $248M in JV Transactions

Oakbrook Center in Oakbrook, Ill., is one of the properties in which Seritage Growth Properties sold its 50 percent interest to GGP.
Oakbrook Center in Oakbrook, Ill., is one of the properties in which Seritage Growth Properties sold its 50 percent interest to GGP.

The joint venture will continue to own four properties on a 50/50 basis. These assets are located in Texas, Washington, Massachusetts and Oklahoma.


Merger of Drugstore Giants Changes Course

 
Under the new $5.2 billion deal, Walgreens Boots Alliance will purchase 2,186 stores from Rite Aid Co., along with three distribution centers and related inventory.

Kroger-Anchored Shopping Center Trades in Dallas

 

A partnership of Foundry Commercial and Stockbridge acquired Northview Plaza in Dallas from MDT Properties. The new owners plan to upgrade the 116,000-square-foot community shopping center.


Best Western Brand Tapped for Stratosphere, Aquarius Resorts

 
American Casino and Entertainment Properties chose Best Western’s BW Premier collection for the properties, which include Las Vegas’ tallest structure and a 1,906-key resort in Laughlin, Nev.
 
The revised plans for The Village at 17 Herff feature luxury apartments and mixed commercial uses.