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Data center REIT Equinix, Inc. (Nasdaq: EQIX) said Dec. 6 it has agreed to buy a portfolio of 24 data center sites from telecommunications company Verizon Communications Inc. for $ 3.6 billion in an all-cash transaction.
The 24 sites consist of 29 data center buildings across 15 metro markets in the United States and Latin America.
In a conference call, Steve Smith, president and CEO of Equinix, said the deal “positions us to continue to attract global data center demand.”
Retail REIT Regency Centers Corp. (NYSE:REG) said Nov. 14 it will acquire Equity One, Inc. (NYSE:EQY) in an all-stock deal that values Equity One at approximately $ 4.6 billion.
The merger of the two shopping center REITs will create a national portfolio of 429 properties spread with more than 57 million square feet of space, the companies said.
Hap Stein, chairman and CEO of Regency Centers Corp. (NYSE: REG), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Regency Centers owns, operates and develops grocery-anchored neighborhood and community shopping centers. The company’s portfolio of 314 retail properties are located in markets throughout the United States.
Bobby Taubman, chairman, president and CEO of Taubman Centers, Inc. (NYSE: TCO), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Taubman Centers owns, manages and leases regional malls and outlet shopping centers in major markets in the United States and Asia.
Jon Wheeler, chairman and CEO of Wheeler Real Estate Investment Trust Inc. (NASDAQ: WHLR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Wheeler said he expects the company’s pace of acquisitions to pick up in the second half of 2015. He noted that the firm raised investment capital in the first half of the year. Usually, the firm purchases between eight and 10 shopping centers per year. This year, the company could buy as many as 20, according to Wheeler.
Bobby Taubman, chairman, president and CEO of Taubman Centers, Inc. (NYSE: TCO), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Earlier this year, A. Alfred Taubman, the company’s founder and father of the current CEO, passed away. Bobby Taubman touched on his father’s legacy, noting that his father’s architectural background became a core component of the company.
With new shopping center supply at a standstill and acquisitions aggressively priced, Brixmor Property Group Inc. (NYSE: BRX) sees its best growth prospects within its existing property portfolio.
To tap those prospects, Brixmor introduced its Raising the Bar initiative more than three years ago. The program was formally unveiled to the public in late October 2014..
Martin “Hap” Stein, chairman and CEO of Regency Centers Corp. (NYSE: REG), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Mark Peternell, vice president for sustainability with Regency Centers Corp. (NYSE: REG), discussed some of the shopping center REIT’s new green initiatives in the latest edition of the NAREIT Podcast.
Peternell described how Regency Centers has incorporated its “greengenuity” sustainability program into its corporate culture and made sustainability part of its “core values.”
