Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
CAMP HILL, PA—The divestiture, which would make Fred's Pharmacy the nation's third largest drug store chain, is intended to help satisfy antitrust requirements over the pending merger with Walgreens.
NASHVILLE—The seniors housing REIT is “carefully evaluating” a letter from activist shareholder Jonathan Litt calling on its board “to take affirmative action to maximize the value of Brookdale for all shareholders.”
NEW YORK CITY—Moody's Investors Service, Morningstar Credit Ratings and Fitch Ratings all see highlights and lowlights among maturing and newly issued CMBS deals in the coming year.
SOUTHFIELD, MI—Berkadia's Ernie Katai considers the long-term implications of the Federal Reserve's apparent new stance on rate increases from the standpoint of a lender.
LOS ANGELES—Returned merchandise from holiday e-commerce sales could reach $29 billion this year, a sum that puts pressure on both the retail and industrial sectors.
CARLSBAD, CA—Many investors remain optimistic in spite of concerns such as the economy and interest rates, says Steve Shanahan of Real Capital Markets.