APARTMENT REIT IRET ADJUSTING TO MAJOR CHANGES

Mark Decker Jr., president and CEO of IRET (NYSE: IRET), joined Nareit for a video interview at REITworld 2017. IRET focuses on the ownership, management, acquisition, redevelopment and development of multifamily apartment communities. Decker took over as president and CEO of IRET in April. He noted that the company’s management team has undergone substantial change in…

ALEXANDER & BALDWIN ADAPTING TO NEW REIT STATUS

Christopher Benjamin, president and CEO of Alexander & Baldwin, joined Nareit for a video interview at REITworld 2017. Alexander & Baldwin (NYSEMKT: ALEX) owns, operates and manages 4.8 million square feet of retail, industrial and office space primarily in Hawaii and on the U.S. mainland. Alexander & Baldwin converted to a REIT at the beginning of 2017.…

LEN WAYNE CROFTON V. THE STATE OF TEXAS

Court of Appeals of Texas, Houston (14th Dist.). LEN WAYNE CROFTON, Appellant v. THE STATE OF TEXAS, Appellee NO. 14-16-00737-CR     Decided: December 21, 2017 Panel consists of Justices Jamison, Busby, and Donovan. OPINION Appellant Lee Wayne Crofton appeals his conviction for resisting arrest. A jury found appellant guilty, appellant pleaded true to an enhancement paragraph,…

SHOPONE READY TO GO ON OFFENSE IN 2018

Privately held ShopOne Centers REIT, Inc. launched in October 2017 with a portfolio and a plan. The company is an offshoot of Devonshire REIT Inc., the source of the majority of the 46 assets in its grocery-anchored retail portfolio. The plan at launch centered on paying off the debt on the assets it acquired before…

LIFE SCIENCES REIT ALEXANDRIA IMPLEMENTING AWARD-WINNING WELLNESS PROGRAM

Ari Frankel, assistant vice president for sustainability and high-performance buildings at Alexandria Real Estate Equities, Inc. (NYSE: ARE), was a guest on a special edition of Nareit’s REIT Report Podcast during Nareit’s REITworld in November. Alexandria owns, operates and develops collaborative life science and technology campuses in North America. Alexandria received the 2017 “Most Innovative” Leader in the Light…

BOSTON PROPERTIES CEO SAYS TENANTS DRIVING DEMAND FOR MIXED-USE DEVELOPMENT

Owen Thomas, CEO of Boston Properties (NYSE: BXP), joined Nareit for a video interview at REITworld 2017. Boston Properties owns and develops class-A office properties, with a significant presence in Boston, Los Angeles, New York, San Francisco and Washington, D.C. Thomas commented on the growing popularity of mixed-use developments. “We are increasingly seeing demand for properties…

BRIXMOR CEO EXPECTS ASSET SALES TO CONTINUE

James Taylor, Jr., president and CEO of Brixmor Property Group Inc. (NYSE: BRX), joined Nareit for a video interview at REITworld 2017. Brixmor owns and operates a portfolio of open-air shopping centers, with approximately 500 properties located across 38 states. Taylor said he expects Brixmor’s active pace of dispositions to continue. “We’re finding a very strong…