Bed Bath & Beyond will sell about half of its real estate to a private equity firm and then lease back the space, a deal expected to earn the company more than $250 million. The retailer sold 2.1 million square feet of space to Oak Street Real Estate Capital, including its headquarters in Union Township, New Jersey, a distribution facility and some of its 1,500 stores, according to the Wall Street Journal. Bed Bath &
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New York offered Amazon $800 million more than was previously known in incentives to get the e-commerce giant to build its second headquarters in the city. The state was also ready to pay portions of some employees’ salaries if Amazon came to the city, according to the Wall Street Journal, which obtained the information via a Freedom of Information Law request to Empire State Development. New York offered up to $2.5 billion in incentives in
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