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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

FEDERAL RESERVE WATCHERS WONDERING IF IT WILL FINALLY SLOW RATE HIKES

Globe St.


“The Federal Reserve is raising interest rates as it strives to deliver on its dual mandate of price stability and maximum sustainable employment,” Brookings writes. “So far, the U.S. labor market has been impressively resilient; unemployment is at 3.7%, the lowest it has been in decades."

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CONVENIENCE STORES EMERGE AS NET LEASE DARLING

Globe St.



Convenience stores are garnering big interest from both institutional and private investors looking for stable income opportunities in the net lease sector, according to a new analysis from B+E Net Lease.

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KROGER-ALBERTSONS MERGER COULD SHAKE UP SUPERMARKET REAL ESTATE IN CALIFORNIA

Costar


The proposed $24.6 billion acquisition-merger between supermarket giants Kroger and Albertsons could result in a national wave of store closures and selloffs as the grocers look to head off regulatory concerns about competitive balance. The shakeouts could be most pronounced in California, home to three brands in the deal with long histories and large footprints.

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SHOPPERS FLOCK TO BRICK-AND-MORTAR RETAIL OVER THANKSGIVING WEEKEND

Costar


A record 196.7 million Americans shopped over the Thanksgiving holiday weekend, with a resurgence of consumers returning to stores during that period despite inflationary headwinds, according to the National Retail Federation.

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CALIFORNIA MIGHT LEVY A NEW TAX ON OIL COMPANIES. HERE'S WHAT TO KNOW

Cal Matters


Valero, an international oil company that owns refineries in California, saw its profits from July to September increase 500% over the same period last year. And profits on West Coast gas operations increased dramatically in April through June, compared to the same time last year, at companies that own some of the state’s largest refineries, an analysis by Consumer Watchdog found.

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ABOUT LEE & ASSOCIATES

At Lee & Associates, our reach is international but our expertise is local market implementation. With offices across the nation and Vancouver, Canada, Lee & Associates is one of the largest and fastest growing commercial real estate organizations in North America. 


Founded in 1979, our experience and expertise offers extensive local market knowledge, seasoned agents, industry leading technology, and a commitment to achieving our clients long-term real estate goals and successes. Lee & Associates understands real estate and accountability, and provides an integrated approach to leasing, operational efficiencies, capital markets, property management, valuation, disposition, development, research, and consulting.


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