NREI WIRE

Of the $54 billion PIF invested last year, $45 billion was in information technology, $4.8 billion in real estate, $2.4 billion in consumer staples and $1 billion into industrials.

Rite Aid will get a buyer after a failed merger with another chain last year. Albertsons will add new locations and size amid increasing pressure from online competitors.

Amazon Fashion is tied with Target as the second-most-shopped apparel retailer in the U.S., behind Walmart Inc., as measured by number of shoppers.

The Toronto-based firm sold about $12 billion in mature assets in 2017 and said it will continue to do so this year.

Blackstone Group LP named Ken Caplan and Kathleen McCarthy to lead the private equity giant’s real estate business as Jon Gray takes on the role of president and chief operating officer.

The mortgage-finance company, which reported fourth-quarter and full-year financial results on Wednesday, said it will need to draw $3.7 billion from the U.S. Treasury in March.

Treasury Secretary Steven Mnuchin said he is working to fix the carried interest loophole, according to the New York Post. The IRS and the U.S. Justice Department have issued subpoenas for Kushner Cos. investors and lenders, reports Bloomberg...

Forbes looks at what a Fannie/Freddie overhaul will mean for the commercial real estate industry. Dunkin’ plans to open approximately 1,000 new locations by 2020, reports Chain Store Age. These are among today’s must reads from around the...

Among the properties on the block is 245 Park Ave., according to a marketing document seen by Bloomberg.