Sam Zell is continuing his shakeup of the former CommonWealth REIT by planning to sell the company's Australian portfolio. Office Depot said Tuesday it would close 165 stores during 2014 up from the 150 estimated earlier this year. Walgreen said on Wednesday it has agreed to buy the remaining 55% of UK-drugstore chain Alliance Boots it doesnt already own for $15.3 billion, but wont pursue a tax-reducing inversion structure for the deal. Washington policymakers are bracing for a wave of corporations to renounce their U.S. citizenship over the next few months. These are among the 10 must reads for the commercial real estate sector today.
Content Classification:
Curated
read more