NEW YORK CITY—Financial markets across the globe "entered a tailspin" as the results of Thursday's referendum on European Union membership became clear, trade credit insurer Atradius said Friday.

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.

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.

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.

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.

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.

IRVINE, CA—The results for Ten-X's Commercial Real Estate Nowcast for June reflect "both robust year-ago comparisons and the impact of the downdraft from earlier this year," says chief economist Peter Muoio.

LOS ANGELES—"We believe that after companies formalize the process of gathering the relevant data, they will be surprised to find that they may have more leases than they originally thought.," says Jeff Beatty with CBRE's financial consulting group.