LONDON-The sale to a Harbert fund gets rid of non-core industrial properties, according to the trust. The REIT also retired two debt facilities totaling $128 million.

COLUMBUS OH-Steiner + Associates CEO Yaromir Steiner tells GlobeSt.com’s Robert Carr that his lifestyle mall keeps growing because it’s an “aspirational project.”

NEW YORK CITY-Sources across the country tell GlobeSt.com’s Natalie Dolce, Robert Carr and Jacqueline Hlavenka that Moody’s downgrades of 15 banks and securities firms should not strike a major blow to commercial real estate—but the psychological aspect might.

NEW YORK CITY-The ratings agency dealt a blow to five US banks, the Royal Bank of Canada and 10 European banks Thursday. Citigroup said smart investors know better.

DETROIT-The Dallas firm has appointed a team led by Michell Lipton with Friedman Integrated Real Estate Solutions to represent corporate tenants in the Motor City.

CHICAGO-The Midwest commercial real estate firm has announced four presidents who will lead management, acquisitions, development and investment.

TORONTO-The extended-stay chain has signed six new properties this year so far, and has another dozen in the pipeline.

MISSISSAUGA, CA-The senior living REIT sold the six properties to more concentrate on the aging Canadian market.