A trend that began slowly several years ago has started to gain momentum. Increasingly, businesses with a substantial amount of real estate have been approaching the IRS for a private letter ruling, granting them permission to realign their businesses under a REIT structure.

FLORHAM PARK, NJ-The portfolio, located in South Brunswick, Edison, Elizabeth and Bayonne, is 98% leased.

REDWOOD CITY, CA-The firm plans to sell 16 IBX data centers throughout the US to an investment group consisting of 365 Main, Crosslink Capital and Housatonic Partners.

HACKENSACK, NJ-The utility also seeks state investment of $883 million to expand solar capacity.