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Chuck Leitner named global CEO, CBRE Global Investors

by Andrea Zander | Oct 8, 2019

CBRE Group, Inc. today announced that Charles (“Chuck”) Leitner will join the company as global CEO of CBRE Global Investors, CBRE’s real assets investment management business. Leitner will succeed Ritson Ferguson, who had informed the company of his intention to step down from that role.
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Another Asian investor acquiring U.S. hotels

by Andrea Zander | Oct 8, 2019

Summit Hotel Properties has entered a definitive agreement to acquire four West Coast hotels for $249 million through its recently formed joint venture with GIC.
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Single-family home sector leads the rental market

by Andrea Zander | Oct 7, 2019

The single-family home rental sector is growing by leaps and bounds in and of itself within the housing industry as well as within the rental market. Driven primarily by millennial demand and low rental-home inventory, single-family rental prices throughout the nation rose +2.9 percent year-over-year (y/y) in July 2019, according to CoreLogic.
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New multifamily firm makes first acquisition

by Released | Oct 4, 2019

PENLER, a new multifamily real estate investment platform, has acquired its first asset, Presley Uptown, a 230-unit luxury property in downtown Charlotte, N.C., for approximately $55 million.
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Petrie Richardson Ventures restructures to meet retail trends

by Released | Oct 4, 2019

Petrie Richardson Ventures (PRV), a mid-Atlantic-based national real estate developer, has restructured its executive team, and adjusted details of its strategic plan to address the changing landscape in the retail space.
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MRP Industrial hires new vice president of development

by Released | Oct 4, 2019

MRP Industrial, a full-service, privately held commercial real estate development and investment company headquartered in Baltimore, has hired Zeshan Malik in the newly formed position of vice president, development.
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Xenia markets $500m hotel portfolio

by Andrea Zander | Oct 4, 2019

Xenia Hotels & Resorts is seeking a buyer for seven Kimpton hotels, which could fetch about $500 million, according to Bloomberg, citing people with knowledge of the matter.
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