The entity— GLP Continental Europe Development Partners I— is expected to reach a value of $2.3 billion of assets under management when fully invested.

In its announcement, the company revealed that Newmark Group chief operating officer James R. Ficarro resigned from the company, effective Nov. 14.

PECO's merger with REIT II creates a national portfolio with ownership interests in 334 grocery-anchored shopping centers encompassing approximately 37.7 million square feet located across 32 states.

Despite a relatively quiet third quarter, Colliers believes year-end transaction volume will top 15.6 million square feet.