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Costco’s Twin Kimco Buyouts Lead Retailers’ Push to Own Their Stores Across Southern California

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Illustration by The Registry
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Costco Wholesale's back-to-back purchases from Kimco Realty in Alhambra and San Diego show a retailer moving to own the ground under its busiest warehouses, while the shopping-center REIT sells flat, decades-long Costco leases to fund centers with faster rent growth.

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