The Real Deal looks at universities that own the most real estate in New York City. Black developers are refusing to work with an LA City Councilman on the Angels Landing project, reports Los Angeles Times. These are among today’s must reads from...
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...