Category: Week in Review

Prison REITs Sink, Staples Turns to Reinvention

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Prison REITs Sink After U.S. Ends Use of Privately Run Jails: Directly after the U.S. Justice Department announced that it would eliminate the use of private correctional facilities, shares of two prison REITs dropped dramatically. Corrections Corp., the largest U.S.…

Week-In-Review: WeWork Expands in Chicago, Equinix Acquires Digital Realty’s Paris Operating Business

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WeWork Expands Chicago Footprint: Coworking office space company WeWork has been really flourishing this year. CRE firm Newmark Grubb Knight Frank recently signed an expansion lease with the company in Chicago, making it WeWork’s second Chicago location. The office actually…

Week-In-Review: Hagaplan Hotel in Stockholm to Be Rebranded, CBRE Nabs $116M Shopping Center in UK

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Hagaplan Hotel in Stockholm to Be Rebranded Under New Ownership: Hagaplan Hotel in Stockholm was sold to SPP for over $112 million. This hotel will be rebranded under Elite Hotels, which will mark the brand’s 35th unit worldwide but 7th…

Week-In-Review: Sovran Completes Acquisition with LifeStorage, Mixed-Use Project Coming to Sugar Land

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Sovran, LifeStorage Become One: Sovran Self Storage, one of the 5 largest self-storage companies in the country, remains in its spot with the completed $1.3 billion acquisition of LifeStorage LP. Since the self-storage industry is flourishing, Sovran made the right…

Week-In-Review: JLL Expands in South Texas, Steelbridge Closes Largest Office Deal Since 2015,

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JLL Expands South Texas Footprint: JLL recently acquired Travis Commercial Real Estate Services, a San Antonio-based firm. JLL selected Travis due to the fact that it wants to expand into central and south Texas markets. This acquisition makes JLL’s property…

Week-In-Review: Walgreens’ Rite Aid Merger to Close This Year, Risks to China Property Market Increasing

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Walgreens Says Rite Aid Merger On Track To Close This Year: Walgreens’ merger with Rite Aid expects to close by the end of this year, as long as they receive federal approval. This $17.2 billion buyout is still waiting on…