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Walgreens Reveals Closing Chicago Store Suffered Million-Dollar Loss Amid High Theft Rates

Walgreens Reveals Closing Chicago Store Suffered Million-Dollar Loss Amid High Theft Rates

by Phil Hall | May 11, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Walgreens revealed the store it is closing on Chicago’s South Side lost more than $1 million last year due to high theft rates and declining prescription sales. Fox 32 Chicago reports executives from the pharmacy chain met with residents to explain their decision to...
Hits and Misses for the Real Estate Week of May 4-8

Hits and Misses for the Real Estate Week of May 4-8

by Phil Hall | May 8, 2026 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

New listings on the rise, New York City’s mayor shoots his mouth off (twice), and the late Ted Turner’s property portfolio. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 4-8. Hit: A Wider Inventory. New listings totaled...
Walgreens Reveals Closing Chicago Store Suffered Million-Dollar Loss Amid High Theft Rates

A&G Real Estate Partners Offers 78 Walgreens Properties

by Phil Hall | Apr 17, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A&G Real Estate Partners announced that it is seeking offers for a mix of Walgreens store leases and fee-owned properties nationwide. The offering features existing leaseholds for 60 retail freestanding, central business district, end cap and inline locations...
Walgreens Reveals Closing Chicago Store Suffered Million-Dollar Loss Amid High Theft Rates

Walgreens to Close 1,200 Stores by 2027

by Phil Hall | Oct 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Walgreens Boots Alliance (NASDAQ:WBA) announced it plans to close 1,200 stores over the next three years. CEO Tim Wentworth announced in June that the financially struggling company was reviewing roughly one-quarter of its roughly 8,600 locations and could close a...
Walgreens Reveals Closing Chicago Store Suffered Million-Dollar Loss Amid High Theft Rates

Walgreens Plans to Close a ‘Meaningful Percent’ of Stores

by Phil Hall | Jun 27, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The financially troubled Walgreens pharmacy chain is planning to close a substantial number of its U.S. stores over the next few years. In a Wall Street Journal interview, Walgreens Boots Alliance (NASDAQ:WBA) CEO Tim Wentworth said the company is reviewing roughly...
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