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National News

Rouse Shareholders Okay Brookfield Deal

Rouse Shareholders Okay Brookfield Deal

NEW YORK CITY—The all-cash merger with an affiliate of Brookfield Asset Management, valued at $2.8 billion including the assumption of debt, is expected to close in early July.

Macy’s CEO Lundgren to Step Down

Macy’s CEO Lundgren to Step Down

CINCINNATI—“Now is the time to reset our business model to thrive in a future that is being driven by rapid evolution in consumer preferences and shopping habits,” says Lundgren, who will be succeeded by company president Gennette.

Panamax May Move Supply Chains Eastward

Panamax May Move Supply Chains Eastward

LOS ANGELES—The debut of the expanded Panama Canal this weekend will gradually shift US cargo delivery “from slightly favoring the West Coast to a more even split between the two coasts,” says David Egan at CBRE.

Spotlight On

RICS, MetaProp Partner to Unite RETech and PropTech

NEW YORK CITY—For the first time in the worlds of real estate technology and property technology, “activities in the US and North America and in the UK, Western Europe and Asia are starting to look more like each other,” MetaProp co-founder Aaron Block tells GlobeSt.com.

Exclusive

A Conduit Where Supply, Demand Efficiently Meet

Eli Randel, director of business development at CREXi, EXCLUSIVELY tells GlobeSt.com about the positives of technology, noting that it will decrease transactional friction costs and speed up transaction times.

Arbor Lodging Enters Bay Area with Hilton Acquisition

SAN LEANDRO, CA—The technology industry, world-class universities and cultural institutions combine to make the Bay Area attractive for hotel investors.

Current Issue

Cover Story

New Leadership, Renewed Energy

Marcus & Millichap has been publicly traded since 2013 and has had a new CEO since last month, but continues to follow the principle that guided its founders in 1971: putting the client’s best interests first

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Commercial Real Estate Events

  • RealShare Orange County

    August 16, 2016 Costa Mesa , CA Building on the success of last year's event, RealShare OC 2016 promises to cover a wider array of topics effecting Orange County. Register Now
  • RealShare Central Florida

    September 07, 2016 Orlando , FL Tackling the topics most relevant to Central Florida including timely trends, sector activity and areas of new development. Register Now

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Sectors to Watch

Office

GE Headquarters Project Now Before BRA

GE Headquarters Project Now Before BRA

BOSTON—The plan calls for the rehabilitation of the 5 and 6 Necco Court buildings that are currently under a binding contract of sale with The Gillette Co. a subsidiary of Procter & Gamble. The proposal also calls for the construction of a new 12-story 293,000-square-foot office building.

Hotels

China’s Hotel Market Opens Up

China’s Hotel Market Opens Up

MEMPHIS—Phil Cordell, head of brand management for Hilton Worldwide’s Hampton by Hilton chain, tells GlobeSt.com how the expanding middle class in the world’s most populous nation has created opportunities for development.

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