MINNEAPOLIS—CEO and co-founder Jim Simpson describes Crelow as "a demand-driven matchmaker for office space." In part one of this four-part series, learn how this matchmaker arranges marriages made in small-tenant heaven.

CHICAGO—Competition from new supply in both Manhattan and San Francisco has led Equity Residential to join "the concession party" in those cities, COO David Santee said on the multifamily REIT's recent first-quarter call.

FRAMINGHAM, MA—CEO of the office products retailer since 2002, Ron Sargent will be succeeded on an interim basis by the company's current president of North America operations.

SANTA BARBARA, CA—Markets in the Western states continue to predominate in the high end of the rent growth ranking on a trailing 12-month basis, according to the latest Yardi Matrix report.

TORONTO—Separately, PERE reported that the alternative asset manager has begun marketing its first core-plus fund, a decade after it began investing in opportunistic real estate.

NEW YORK CITY—"The economy is supporting the price increases with improving labor markets, falling unemployment rates and extremely low mortgage rates," says S&P/Dow Jones' David Blitzer. Pending home sales and multifamily construction have also posted positive reports.

NEW YORK CITY—FASB's new lease accounting standard takes effect in 2019; smart corporate occupiers are already preparing for the change, PricewaterhouseCoopers experts tell GlobeSt.com.

HONG KONG—The private equity giant will leverage Robert Yang's "extensive network of developers, property owners and investors in China," says KKR Real Estate's Ralph Rosenberg.