Drug store chain Walgreens confirmed reports its buying Rite Aid in a $9.4 billion deal, according to Fortune. Starwood Hotels & Resorts has received bids from Hyatt Hotels and several Chinese companies, report CNBC and The Street. Brookfield Property Partners has entered a joint venture for its first multifamily development in Brooklyn, reveals Bloomberg. These are among todays must reads from around the commercial real estate industry.
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