MIAMI-"The cost of capital is very competitive and retail rents are on the rise in South Florida creating ideal conditions for trading activity.”

BREWSTER, NY—The 93,000 square foot property was sold—as long-term pharmaceutical tenant was vacating—by a Chicago-based REIT.

When iHeartCommunications was looking for ways to cut its corporate overhead after a 2008 leveraged buyout of its predecessor, Clear Channel Communications, Jason Fox of W. P. Carey helped the broadcasting firm sell corporate real estate to raise cash. They're not the only company to decide owning real estate isn't a core activity, as you'll learn in this preview of a feature in this month's Real Estate Forum magazine

Irving—Los Angeles-based National Asset Services (NAS) has assumed asset management of Hunter Plaza, a 105,864-square-foot shopping center in Irving. NAS will assume management responsibilities of the neighborhood shopping center on behalf of a group of 21 tenant-in-common co-owners, who each has a deeded interest in the retail property.