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Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
PHOENIX—The appointment of the Berkadia chairman as non-executive chairman for ARCP follows last month's hiring of Glenn Rufrano as the net lease REIT's new CEO.
LOS ANGELES—Now known as Colony Capital Inc., the combined company represents about $19 billion in assets under management and $13 billion of equity under management.
CALABASAS, CA—A Gas Savings Index from Marcus & Millichap charts markets where the peak-to-current decline in gasoline prices is putting discretionary cash into the pockets of motorists.
DALLAS—Annual effective rent growth, absorption and investment sales all defied the conventional wisdom of a seasonal slowdown in the first quarter, according to reports from Axiometrics and other research firms.
HOFFMAN ESTATES, IL—Re-leasing and redevelopment opportunities figure in the joint venture between SHLD and GGP; the retailer will lease back space from both the JV and the forthcoming REIT spinoff.
WILMINGTON, DE—The electronics chain's largest shareholder plans to co-brand most of the 1,743 remaining locations with wireless provider Sprint; RadioShack filed for bankruptcy in February.
LOS ANGELES—“The business models are very similar, and there is very little client overlap,” CBRE Group's Bill Concannon tells GlobeSt.com in a joint interview with JCI's John Murphy.
CHARLOTTESVILLE, VA—SNL Financial looked at US equity REITs that haven't increased dividend payments since the start of 2013, and zeroed in on those with the lowest ratios of payouts to AFFO.
NEW YORK CITY—The investment firm reportedly has also agreed to buy a trio of hotels, including two JW Marriotts, from Paulson & Co. in a $1.3-billion deal.