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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. The latest looking at that strategy is Ashford Hospitality Trust Inc., which has decided to list for sale a portfolio of 23 select-service hotels that...
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...
NVIDIA Corp., one of the top makers of graphics chips for computers and other devices, has arranged to lease 500,000 square feet of to-be-constructed office space for its new corporate headquarters. The...
It's time to update those contact managers with CoStar's People of Note , reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Boston, Northern...


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