Blackstone has invested in six Publix-anchored shopping centers in the Sunbelt. Grocery-Anchored Retail Seeing High Demand in Florida, With Publix Leading the Pack
Always a favorite among investors, interest in grocery-anchored retail is surging in the pandemic era.
October 29, 2021 at 07:25 AM
6 minute read
Retail
The original version of this story was published on Law.com
Expect grocery store-anchored shopping centers to be on investors and developers' lists in the coming month as value in this real estate type is soaring in many areas of the country.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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