Toronto-based RioCan Real Estate Investment Trust says it expects to purchase majority interests in two Texas shopping centers for a combined $62.2 million. RioCan says it expects to pay $55.5 million to purchase an 80 percent non-managing interest in Montgomery Plaza in Fort Worth, a 291,160 square foot new format retail center near the downtown core. The capitalization rate on the acquisition is 6.7 percent. Montgomery Plaza is 89 percent...
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CBRE Group, Inc. (NYSE:CBG) announced Tuesday that Brett White will retire as Chief Executive Officer, effective December 31, 2012, and Robert Sulentic, who currently serves as CBRE's President, will succeed Mr. White as of that date. Mr. White was re-elected to the Company's Board of Directors at its annual shareholders' meeting earlier Tuesday, and will remain on the Board following his retirement from the firm at year-end 2012. CBRE's will in...
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