Hines, a global real estate firm, has purchased the Clearview Business Park, a 380,000-square-foot, six building office campus in San Mateo, Calif.

Arthur Coppola announced that he will retire from his position as chairman and CEO of the Macerich Co. after service to the company and its predecessor for 42 years.

Sentiment among international commercial property toward high-risk real estate investment strategies has dramatically fallen over the past 12 months, according to BrickVest.

The Kern County (Calif.) Employees’ Retirement Association has appointed Daryn Miller as the retirement association’s new chief investment officer.

Square Mile Capital has sold its stake in the Factory Building in Long Island City, N.Y., to a joint venture comprised of Partners Group and Atlas Capital Group, reported The Real Deal.

Transactions reported this week included a portfolio acquisition in Philadelphia.

Stockbridge Core and Value Advisors has held its final close for the third fund in the Stockbridge Value Fund Series with $355 million in capital commitments.

Around €1.6 billion ($1.98 billion) was invested in German retail properties in the first three months of 2018, according to CBRE. Compared with the strong result in the year-earlier quarter, the transaction volume contracted sharply by 56 percent.

A new option for online purchasing has been grocery shopping. Despite these new online grocery options, Coresight Research in its “U.S. online grocery consumer survey” found that online grocery market retailers do not have full-shop customers. And although Amazon has the most online grocery shoppers, it is established grocery retailers such as Walmart that are pulling in consumers looking to complete bigger-basket, full-assortment grocery shops.

Mill Creek Residential, a multifamily investor and operator specializing in apartment communities across the United States, announced that its management shareholders and the Arizona State Retirement System (ASRS) have closed on the acquisition of 100 percent of the outstanding shares in Mill Creek Residential Trust.