NEWARK, NJ—Being known as PGIM Real Estate Finance globally “reflects how we provide financing around the world from a range of capital sources,” says CEO David Durning.

LOS ANGELES and TOKYO—The agreement will mark the Japanese conglomerate's entry into US real estate asset management, although it has been active as an investor and developer here.

DALLAS—A FelCor spokeswoman says the REIT is reviewing Ashford Hospitality Trust's proposal. Separately, AHT has also named a new CEO.

OAKVILLE, ONT.—The owner of Burger King and Tim Hortons is adding a quick service chicken concept to its portfolio of more than 20,000 locations globally.

BOISE, ID—The new hire brings more than 35 years' experience in commercial real estate finance to the middle-market loan provider.

DENVER—In the data center space, it's a case of the largest markets continuing to see the fastest growth, says CBRE.

NEW YORK CITY—Bearing the American Finance Trust name, the merged entity is a retail-focused REIT with an enterprise value of approximately $3.9 billion.

NEW YORK CITY—“The US economy may need somewhat less monetary policy accommodation,” leading to a faster pace on increases in the federal funds rate this year, Boston Fed president Eric Rosengren said Wednesday.