NEW YORK CITY-CapLease CEO Paul McDowell will head up the office and industrial group at ARC Advisory Group when the $2.2-billion merger is completed by year's end.

BURLINGTON, MA-The new ownership, a joint venture of the Davis Cos. and Principal Real Estate Investors, plans an extensive capital improvements and repositioning program on the four-building campus.

SAN FRANCISCO-The firm's “Tech-Twenty” report identifies 11 submarkets nationwide where office rents grew 10% or better during a two-year period, not all of them in the Bay Area

STAMFORD, CT-The historic 300 Main St. in downtown Stamford was last acquired in 2007 as part of a portfolio by SL Green Realty Corp.

ELLICOTT CITY, MD-A “perfect storm” of factors ranging from CRE fundamentals to investors' desire for portfolio diversification weighs in favor of the direct investment industry, the Investment Program Association's Kevin Hogan tells GlobeSt.com.

NEW YORK CITY-First Allied, formerly owned by private equity firm Lovell Minnick Partners, manages more than $32 billion in assets for 300,000 retail clients nationwide.

BOSTON-The six-story office building will be part of Boston Landing, a $500-million MXD being developed by a real estate entity owned by the athletic footwear maker's chairman.

NEW YORK CITY-Blackstone and a handful of other large players get the lion's share of investor capital, but fundraising on the whole is up substantially over last year, Preqin says.