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The Pep Boys - Manny, Moe & Jack, a national automotive aftermarket service and retail chain, has commenced a review of strategic alternatives to enhance shareholder value, including a possible sale, merger or other form of business combination or strategic transaction. The decision comes following several third parties expressions of interest in...
The California Public Employees’ Retirement System (CalPERS) plans to sell up to $3 billion of its real estate investment portfolio. The Blackstone Group's Park Hill Group has been selected to assist...
With REIT stock prices not keeping up with the increase in property values, more and more REITs and property owners are exploring the spinoff or sale of some properties to maximize shareholder values....
Griffin Capital Essential Asset REIT II, Inc. acquired the office building at 14 Sylvan Way in Parsippany, NJ from Mack-Cali Realty Corporation for $81.4 million, or about $401 per square foot. The...
Avison Young promoted Toronto-based Mark Fieder and Washington, D.C.-based Keith Lipton to the newly created chief operating officer position for the firm's Canadian and U.S. operations, respectively. The...
Manulife Financial Corp. is proceeding with its plan to set up a REIT offering on the Singapore Exchange backed by three of its owned U.S. office buildings, according to several reports this morning. Manulife...


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