FINANCE

Jones Lang LaSalle introduces new real estate tax mitigation alliance

BY CSA STAFF

Chicago — Jones Lang LaSalle announced it has formed an alliance with the Property Tax division within Thomson Reuters’ Tax & Accounting business to provide tax mitigation services to corporate real estate clients.

Jones Lang LaSalle’s Real Estate Tax Mitigation offering provides review, recommendations and appeal processes to manage a corporation’s real estate tax budget.

The Real Estate Tax Mitigation team annually reviews all owned and leased locations; updates and compares valuations to those imposed by taxing authorities; and supplements the review and appeal process with experts in the field.

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OPERATIONS

Wal-Mart to offer free shipping for online buys

BY CSA STAFF

Bentonville, Ark. — Heating up the holiday retailing war, Wal-Mart Stores announced Thursday that it will offer free shipping on nearly 60,000 online items — with no minimum purchase requirement.

Wal-Mart’s free shipping offer, which includes most electronics, jewelry and toys, will run through Dec. 20.

According to Steve Nave, senior VP and general manager of Walmart.com, Walmart is trying to help its cost-conscious shoppers "save money so they can bring home more for less this holiday season."

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FINANCE

Walgreen recommends against unsolicited offer

BY CSA STAFF

Deerfield, Ill. — Walgreen Co. said late Wednesday it is recommending that shareholders do not endorse an unsolicited offer from TRC Capital Corp. to buy up to 3 million shares of the drugstore chain.

The retailer said it received an offer from TRC on Nov. 3. The offer represents 0.3% of Walgreen’s outstanding stock.

Walgreen said it doesn’t endorse the "mini-tender offer," because it is set at a price below the current market price for the company’s shares and is subject to numerous conditions.

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