NEW YORK CITY—With brands including Fairfield Inn and Courtyard by Marriott, the acquisitions from Summit Hotel Properties and Wheelock Real Estate will bring the REIT's holdings to 153 hotels.

CHICAGO—As part of a repositioning program implemented by board chairman Sam Zell, the REIT intends to sell up to $3 billion of assets by the end of 2017.

NEW YORK CITY—“Distressed legacy loans continue to get flushed through the system, and every month we seem to see more trophy properties sell at record-level valuations,” says Manus Clancy at Trepp.

NEWPORT BEACH, CA—Given the current levels of cap rates and interest rates, “commercial real estate no longer looks cheaply priced when compared to the corporate bond market,” says Green Street's Peter Rothemund.

NEW YORK CITY—Having launched its own capital markets division last year, Coldwell Banker Commercial Alliance now seeks to provide “an essential lending alternative” for small to midsized companies, says EVP Adam Petriella.

EDISON, NJ—Rudin and the office and multifamily REIT's new president and COO, Michael DeMarco, each call on more than 30 years' industry experience.

NEW YORK CITY—The nonbinding agreement by the two media giant marks “a milestone in the historic effort to rebuild the World Trade Center,” says Larry Silverstein.

TORRANCE, CA—“I always find it interesting how much information comes out of the woodwork after we identify an issue in one of our reports,” said Jenny Redlin, principal with Partner Engineering & Science, during a one-hour GlobeSt.com webinar.