DALLAS—The 1,396-key portfolio includes three properties in the resort community of Lake Buena Vista, FL; it's "a significant first step" in selling the REIT's non-core assets, says CEO Monty Bennett.

NEW YORK CITY—However, the CMBS delinquency rate remains 599 basis points lower than the all-time high set in the summer of 2012, according to Trepp data.

NEW YORK CITY—Managing director Dennis Irvin says the combination of combination of "Vanke's real estate development expertise, Brightstone's investment and management capabilities and our significant capital commitment will enable us to generate a wider range of strategic options for investors."

HONG KONG—Asia head David Schaefer says the $640-million fund is "well-positioned to capitalize on the tremendous opportunity set that exists in transforming under-managed and underutilized properties into core stabilized assets."

MINNEAPOLIS—CEO and co-founder Jim Simpson describes Crelow as "a demand-driven matchmaker for office space." In part one of this four-part series, learn how this matchmaker arranges marriages made in small-tenant heaven.

CHICAGO—Competition from new supply in both Manhattan and San Francisco has led Equity Residential to join "the concession party" in those cities, COO David Santee said on the multifamily REIT's recent first-quarter call.

FRAMINGHAM, MA—CEO of the office products retailer since 2002, Ron Sargent will be succeeded on an interim basis by the company's current president of North America operations.

SANTA BARBARA, CA—Markets in the Western states continue to predominate in the high end of the rent growth ranking on a trailing 12-month basis, according to the latest Yardi Matrix report.