US Commercial Real Estate
Xceligent Shuts Down Operations, Files for Ch. 7 Liquidation
Fri, 15 Dec 2017 12:29:13 GMT
The board of real estate information provider Xceligent today announced it decided to dissolve the company and file for Ch. 7 liquidation under the U.S. Bankruptcy Code. The decision to shut down comes less than a month after Xceligent's owner, London-based Daily Mail and General Trust plc (DMGT), announced it had written off its investment in the business and recorded an impairment charge of US$56.54 million as part of its full-year results. At...
DDR To Spin Off $3 Billion of Properties into New REIT
Fri, 15 Dec 2017 12:18:15 GMT
Silver Spring Square in Harrisburg, PA, is the largest of the properties DDR is spinning off.DDR Corp. (NYSE: DDR), a Cleveland-based shopping center REIT, plans to spin off a portfolio of 50 assets, including all of its Puerto Rico portfolio, into a separate publicly-traded REIT to be named Retail Value Trust. The new REIT will work to realize value by operating and eventually selling its 38 continental U.S. properties and all 12 of DDR's Puerto...
CVS-Aetna Combination Signals Coming Convergence of Health Care and Retail Real Estate
Thu, 14 Dec 2017 11:19:34 GMT
Last week's blockbuster deal in which CVS Health (NYSE: CVS) agreed to acquire Aetna Inc. (NYSE: AET) for $77 billion, including assumption of debt, has the potential not only to fundamentally alter the health plan market but also radically reshape the retail and health care real estate markets. With about $245 billion in combined revenue and around $19 billion in combined EBITDA, CVS and Aetna are banking on the potential to redefine the way individuals...
Dollar Stores Remain Retail Success Story, Continue to Defy Online Disruption
Thu, 14 Dec 2017 11:17:19 GMT
As the convenience of online shopping continues to propel its growth at the expense of some brick-and-mortar retail locations, one corner of the traditional retail market seems to be expanding along just fine: dollar stores. Dollar General Corp. (NYSE:DG) and Dollar Tree Inc. (NYSE:DLTR) continue rolling out hundreds of new stores each quarter -- and both announced plans to continue to do so next year. "With our strong stores growth we anticipate...

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