NEW YORK CITY—“Our expected REIT conversion is an opportunity to create additional long-term value for our shareholders,” says CBS Outdoor CEO Jeremy Male. Separately, Blackstone is moving to reduce its controlling stake in Hilton.

CHARLESTON, SC—The fund will target value-add apartment acquisitions across the US; a seed portfolio of 10 properties is already in the works.

CALABASAS, CA—Both Hessam Nadji at Marcus & Millichap and Ken McCarthy at Cushman & Wakefield see the US economy finally settling into a consistent pace of growth.

PALM BEACH, FL—The hospitality REIT has exited a three-year-old partnership with Cerberus in two acquisitions: swapping Cerberus for Northstar Realty in a 47-asset JV, and acquiring four properties in Silicon Valley on its own.

HAMILTON, BERMUDA—Completing an acquisition process that began last September, the deal creates one of the world's largest CRE companies, with more than 330 million square feet of office, industrial, multifamily and retail across four continents.

NEW YORK CITY—A year ago, Fitch Ratings questioned the quality of the collateral as well as the underwriting in large CMBS deals. This year, the ratings agency sees a new concern.

CHERRY HILL, NJ—This year compared to 2013, “We're starting to see a lot more interest in the secondary cities and, in some cases, even the tertiary markets,” TD Bank's head of US commercial real estate lending tells GlobeSt.com..

NEWPORT BEACH,CA—“Cap rates, which had been unchanged for several quarters, have recently begun to move lower,” says Green Street's Peter Rothemund.