Washington Prime Reduces Workforce by 20 Percent, Cuts Exec Salaries

Pacific Investment Management Co, a Newport Beach, Calif, investment firm that's commonly referred to as Pimco, has agreed to acquire Columbia Property Trust Inc in an all-cash deal valued at $22 billion The deal, which includes the assumption of...

Alternative lender 3650 REIT should close $850 million of loans this year through its Bridge and Event-Driven, or BED, lending platform, and another $1 billion through its Stable Cash Flow lending strategy The volume expectation for the BED platform...

Equity Commonwealth has dropped its offer for Monmouth Real Estate Investment Corp after its bid failed to get enough support from Monmouth shareholders The Chicago REIT had offered to buy the Holmdel, NJ, REIT in a stock swap in which it would...

Starwood Real Estate Income Trust Inc has increased its all-cash offer for Monmouth Real Estate Investment Corp to $1993/share from the $1951/share it had offered earlier this month The latest offer comes two days after Equity Commonwealth, which...

Commercial Real Estate Direct Staff Report TPG Real Estate Finance Trust Inc originated nine loans totaling $7525 million during the second quarter, bringing its origination volume for the first half of the year to $109 billion That compares with...

Commercial Real Estate Direct Staff Report Macerich Co expects to sell one or two non-core properties before the end of the year in an effort that it expects will result in net proceeds of about $100 million The proposed sales – the Santa...

Commercial Real Estate Direct Staff Report Camden Property Trust reported an 8 percent spike in apartment rents for new and renewal leases in the second quarter, benefiting from its exposure to the country’s strong-performing Sunbelt region...

Duke Realty Corp has hired Isaac Lau as assistant vice president of acquisitions for its southern California team Lau joins the Indianapolis REIT, which owns or has under development 163 million square feet of industrial space in 19 major US...

Starwood Real Estate Income Trust Inc, a non-traded REIT sponsored by Starwood Capital Group, is urging shareholders of Monmouth Real Estate Investment Corp to reject a merger offer from Equity Commonwealth in favor of its $1951/share cash offer...

Independence Realty Trust Inc has agreed to acquire Steadfast Apartment REIT Inc in an all-stock transaction valued at about $2 billion, plus the assumption of $22 billion of debt The transaction, slated to be completed by the end of the year, would...