Capital Markets

In an open letter to Brookdale Senior Living shareholders, Litt states that Land & Buildings, along with a leading real estate investment banking team and an attorney at a “highly regarded” REIT law firm, held a session on Nov. 28 with members of the Brookdale Board of Directors that focused on the creation of a REIT that would include Brookdale Senior Living's high-quality properties.

The San Diego-based firm has completed several apartment acquisitions in Nevada and Arizona in an effort to grow its multifamily portfolio.

The financing will be used to reposition the soon-to-be vacant 478,130-square-foot trophy office building.

The Class A office tower located in the Financial District is currently 93% leased and is home to such tenants as Hill Holliday, Nixon Peabody, Acquia, The Boston Globe, Marcum Accountants & Advisors, DataXu and Morgan Stanley and more than 30 other firms.

With tech growth still robust and its continued positioning as a top-tier global destination, San Francisco's Union Square has remained resilient as other high-street retail hubs have struggled.

Fast fashion and grocery delivery are the biggest retail trends that will come to an end next year.