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Facebook’s Newest Seattle Offices In Amazon’s Backyard Sell For $415M – Geekwire
Facebook’s newest office complex in Seattle’s bustling South Lake Union neighborhood sold for a whopping $415 million last week. Ponte Gadea, Spanish billionaire Amancio Ortega’s real estate investment business bought the two-building Arbor Block complex from the real estate arm of the late Paul Allen, according to property records. The two buildings, just a stone’s throw away from Amazon’s headquarters, opened in May and September and have room for roughly 2,000 people combined. In September, Facebook said it had 5,000 ... Full investment news article
Walgreens Shares Rise On Reported Kkr Buyout Interest
Shares of Walgreens Boots Alliance rallied 6.4% toward a 7-month high in morning trading Monday, after Bloomberg News reported that the private equity giant KKR & Co. had approached the pharmacy chain about a buyout. If the deal moves forward, which could be valued at north of $70 billion, it would be the largest leveraged buyout ever. Like other pharmacy retailers, Walgreens is facing pressure from a combination of weak retail shares and drug reimbursement pressure. Reuters first reported last ... Full investment news article
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