“These conversations are coming up in every single discussion we have with developer clients,” says David Sheldon of Retail Design Collective about the need to renovate retail properties.

Discovery Communications will relocate its global headquarters to New York City next year.

Senior vice president Robert Squires marketed the portfolio on an exclusive basis for a family partnership that built and owned the properties for 60 years.

“Over the longer term, REITs have been a remarkably consistent investment, delivering solid long-term performance and consistent income,” says Nareit's Steven A. Wechsler.