Kroger To Pay $350M To Close Robotic Warehouses, Plans Fulfillment Shift To Stores

December 5, 2025 / no comments

The Kroger Co. is pulling back from developing a network of automated e-commerce fulfillment centers and will instead focus on expanding its brick-and-mortar grocery store network.  
The grocery chain announced it would close three of its eight robotics-powered fulfillment centers. The centers marked for closure are in Groveland, Florida, Pleasant Prairie, Wisconsin, and Frederick, Maryland. 
The company has also scrapped plans for another fulfillment center in Charlotte but will still build a previously planned fulfillment center in Phoenix.

SL Green buys partner out of $190M Third Avenue tower

December 5, 2025 / no comments

SL Green bought out its partner at 800 Third Avenue in a deal that values the 41-story office tower at $190 million. The Marc Holliday-led REIT bought the 39.5 percent stake in the 1970s-era office building from Larry Wohl’s Joseph P. Day, the company announced Friday. SL Green now owns 100 percent of the 750,000-square-foot property. Along with the buyout, the company modified and extended the tower’s $177 million mortgage. Chief Investment Officer Harry Sitomer said the transactions exemplify SL Green’s long-term outlook on what the real estate firm considers to be well-located Midtown Manhattan assets. “We continue to see […]

This article originally appeared on The Real Deal. Click here to read the full story.

Documents highlight Jeffrey Epstein’s real estate interests

December 5, 2025 / no comments

Beyond Jeffrey Epstein’s interests in connecting with princes, former presidents and financial heavyweights, the late, disgraced financier sometimes extended his attention to commercial real estate. Among the more than 20,000 documents obtained by the House Committee on Oversight and Government Reform from Epstein’s estate and released to the public in November were emails with links to The Real Deal articles and what appears to be a saved or printed TRD web story from June 2019. The emails and TRD articles touched on a Palm Beach development deal, a members-only club and a dealmaker who faced tax issues. The documents shed […]

This article originally appeared on The Real Deal. Click here to read the full story.