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Cousins Properties Inc. (NYSE: CUZ) and Parkway Properties, Inc. (NYSE: PKY) said April 29 that they have agreed to a stock-for-stock merger valued at approximately $ 1.95 billion. The transaction also involves the spinoff of the Houston-based assets of both companies into a new publicly traded REIT.
Owen Thomas, CEO of Boston Properties (NYSE: BXP), joined REIT.com for a video interview at NAREIT’s 2016 Washington Leadership Forum at the St. Regis Hotel in Washington, D.C.
Boston Properties’ portfolio is concentrated in four markets: Boston, New York, San Francisco and Washington, D.C. Thomas offered his assessment of each market.
In the latest episode of the NAREIT Podcast, John Bejjani, a senior analyst with REIT research firm Green Street Advisors, discussed the outlook in the office sector in 2016.
Roger Waesche, Jr., president and CEO of Corporate Office Properties Trust (NYSE: OFC), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
COPT primarily focuses on U.S. government tenants in the defense and information technology sectors. Waesche commented that pricing remains very strong for office product in the firm’s core markets as a result of solid fundamentals and strength in the capital markets.
SL Green Realty Corp. (NYSE:SLG) said Aug. 18 that it completed the acquisition of office property 11 Madison Avenue in New York City for $ 2.6 billion.
The deal includes approximately $ 300 million in costs associated with lease-stipulated improvements to the property.
John Kilroy, chairman, president and CEO of Kilroy Realty Corp. (NYSE: KRC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Following the company’s sale of 10 West Coast office buildings earlier this year, Kilroy discussed the importance of capital recycling to the firm’s capacity to fund future growth.
Roger Waesche, Jr., president and CEO of Corporate Office Properties Trust (NYSE: OFC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Denny Oklak, chairman and CEO of Duke Realty Corp. (NYSE: DRE), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
With bulk distribution facilities now making up more than 70 percent of Duke’s portfolio, Oklak provided an overview of industrial market fundamentals.
“The industrial business is really very good at this time,” he said. Oklak noted that Duke’s in-service occupancy rates within its bulk industrial portfolios are at almost 97 percent.
Ed Fritsch, president and CEO of Highwoods Properties Inc. (NYSE: HIW), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Fritsch, who’s currently serving as NAREIT’s second vice chair, said fundamentals in Highwoods’ geographic markets are strong, although he pointed out that growth is measured. He described the market absorption of office space as “steady.”
