The deal reinforces the appeal of physical stores and will likely bring up the value of centers currently anchored by Albertsons, according to brokers.
Cerberus Capital Management paid $350 million in 2006 for struggling Albertsons stores as a real estate play. In the years since, the private equity firm has added to its stake, bulked up through acquisitions and (repeatedly) tried to part with...
The city of Chicago owns some 10,000 vacant lots, with a large concentration in economically-challenged neighborhoods that have experienced decades of underinvestment. Selling them could help reduce overall crime. It could also boost affordable...
XPO was winning over investors as Jacobs snapped up truck brokerages and contract logistics companies and cobbled together a last-mile delivery business.
“We know firsthand from deals we’ve been working on that buyers have pulled back and lenders are more conservative,” says one broker. Nevertheless, the medical office sector is still considered a favored asset class among investors.
Boise, Idaho-based Albertsons has been studying options to boost growth, having seen sales gains during the Covid-19 pandemic cool at the same time as labor and logistics expenses have been rising.
