Archive for January 9th, 2008

Rite Aid Closing 28 Nevada Stores, Exiting Market

Rite Aid (NYSE:RAD), has made the decision to exit the Las Vegas market by closing all of its 28 stores in the area. Further, it is selling the patient prescription files for 27 of the stores to Walgreens.

After it closes one additional store in Mesquite…

Sun Life Assurance Buys Sunset Plaza for $418 PSF

Sun Life Assurance Co. of Canada purchased Sunset Plaza at 1000-1152 W. Sunset Road in Henderson, NV, from Mandan Investment Group LLC for $14.34 million, or approximately $418 per square foot, at a 7.16% cap rate.

Built in 1993, the shopping center…

Group Buys 2.2 Acres of M-1 Zoned Land

Ray and Elaine Chenoweth LP purchased 2.2 acres at the northeast corner of Cameron Street and West Diablo Drive in Las Vegas. Csaba Meiszburger with Csaba Properties LLC sold the land for $3.3 million or $1.5 million per acre.

It was zoned M-1 with…

This Day In America January 2 2008

On Today’s date in 1492, Muhammad XI, the sultan of Granada, the last Arab stronghold in Spain, surrendered to Spanish forces.
On Today’s date in 1788, Georgia became the fourth state to ratify the U.S. Constitution.
On Today’s date in 1965, the New York Jets signed University of Alabama quarterback Joe Namath to a contract reportedly worth […]

Greenspan Was Incompetent And Bernanke Only Knows Academics - Not Reality

Alan Greenspan Was Incompetent And Ben Bernanke Only Knows Academics - Not Reality. Barron’s Economics Editor Gene Epstein looks at the Federal Reserve’s role in the housing crisis.

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