McLEAN, VA—CEO Christopher Nassetta says spinning off Hilton Worldwide's real estate and timeshare business takes advantage of "both organic and inorganic growth opportunities as well as capital market and tax efficiencies."

NEW YORK CITY—Led by Global Logistics Properties, overseas buyers were the largest purchasers of US industrial assets in 2015, according to Real Capital Analytics.

NEW YORK CITY—The REIT has hired UBS as an advisor on a possible recombination with NorthStar Asset Management Group, a month after activist investor Jonathan Litt urged the two companies to reunite.

NEW YORK CITY—A special committee determined that Brookfield's unsolicited bid for Rouse Properties provides "compelling value as well as a high degree of execution certainty," says committee chair David Kruth.

PHOENIX—The past year saw the net lease REIT come in just above its guidance for full-year adjusted FFO, while it beat analyst projections in revenues in the fourth quarter.

IRVINE, CA—Nationwide, office development remains relatively low, "yet still high enough to match the current level of demand," says Peter Muoio, chief economist at Ten-X.

NEW YORK CITY—The investment banking giant is now forecasting flat growth in commercial property pricing for 2016, even as it acknowledges that some investors expect prices to decline by as much as 10%.

NEW YORK CITY—With Bank of America Merrill Lynch Community Development Banking having completed its most productive year to date, national executive Maria Barry talks affordable housing trends with GlobeSt.com.