September 16, 2008 | Vol. 6 No. 18

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Volume 6 - Number 18 | September 16, 2008

TOP STORY: Shareholders Challenge CVS Buy of Longs Over Real Estate Value
By Michelle Napoli

Insider: CRIC Capital’s Ethan Nessen
By Michelle Napoli
NET LEASE forum chats with Ethan S. Nessen, managing partner of Boston-based CRIC Capital LLC about the current market and its opportunities.

Mervyn’s Sues Target, Private Equity Firms for $1B
By Brian K. Miller
Mervyn's LLC filed suit this past week against its former owners for more than $1 billion, alleging that the owners' actions forced the retailer into bankruptcy.

Data Points: Supermarket Construction Down Roughly 12.8%
A recent Marcus & Millichap report shows new supermarket property delivery stood at 13 million sf through Q1 2008, a decrease of approximately 12.8% from the year before.

Short Takes: Quigley Tapped to Head Carey’s London Office

Recent Transactions: ‘Cash is King’ in SoCal Single-Tenant Retail Sales

Ratings Update: S&P Gives Burger King Positive Outlook