Washington Prime CEO Stresses Need for “Dynamism” in Retail Sector

Louis Conforti, CEO of retail REIT Washington Prime Group Inc. (NYSE: WPG), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

Conforti was named interim CEO of the company in June and appointed to permanent position in October. He said his top goals since taking over have been buttressing the company from an operational standpoint and practicing financial prudence.

News

Vornado Spinning Off Assets in Washington, D.C.

Vornado Realty Trust (NYSE: VNO) said Oct. 31 it plans on merging its Washington, D.C.-area properties with select assets of The JBG Companies, a real estate firm based in Chevy Chase, Maryland.

The new, combined company will become a publicly traded REIT known as JBG SMITH Properties. The transaction is valued at approximately $ 8.4 billion, and is expected to be completed in the second quarter of 2017.

News

Washington REIT Positioned for Growth Following Transformative Period

Paul McDermott, president and CEO of Washington REIT (NYSE: WRE), joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

McDermott discussed the changes underway at Washington REIT that have turned the predominantly suburban office REIT into an urban-infill focused player with significantly greater parity between office, multifamily and retail properties.

News

Washington REIT Narrows Focus in Nation’s Capital

Being one of the nation’s oldest REITs hasn’t stopped Washington REIT (NYSE: WRE) from moving quickly on an extensive transformation of its portfolio. In less than three years, it has metamorphosed from a predominantly suburban office REIT to an urban-infill focused player with significantly greater parity between office, multifamily and retail properties.

News

Washington Prime to Buy Glimcher Realty in $4.3 Billion Deal

Washington Prime Group Inc. (NYSE: WPG) said Sept. 16 that it intends to buy Glimcher Realty Trust (NYSE: GRT) in a stock and cash transaction valued at approximately $ 4.3 billion.

The new company will be known as WP Glimcher, retaining Washington Prime’s ticker symbol on the NYSE. The company will maintain Glimcher Realty’s headquarters in Columbus, Ohio.  Mark Ordan, CEO of Washington Prime, will serve as executive chairman of the combined company. Michael Glimcher, CEO of Glimcher, will serve as its vice chairman and CEO.

News

South Richland Washington Homes For Sale, 99352 (raw)

South Richland Washington Luxury Homes For Sale, 421 Sundance Drive, 99352. This is raw video footage of a home we previewed for an out of town client. We’ll leave this one up until our buyer does not need the video any longer. Colleen, an Accredited Luxury Home Consultant (ALHS Designation), has buyers needing our services for Tri Cities Washington luxury real estate. Previewing a home via video is one of the services we offer our clients.
Video Rating: 0 / 5

www.beaumontidx.com MLS Number: 144832 Property Type: Residential Price: 3900 Beds: 3 Baths: 2 City: Beaumont Address: 5980 Townhouse Lane Description: For more information on this listing, please contact: Listing Agent ANN SCHAUMBURG 409-866-9129 Broker American Real Estate – Beaumont 409-866-9129 relo@americanrealestate.com AmericanRealEstate.com —————————– Are you a real estate broker and want to see your listings on YouTube? Call us at 877-700-2519, visit http or email sales@cevado.com. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Beaumont Association of Realtors copyright 2010. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Video Rating: 0 / 5