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In February, Extra Space Storage Inc. announced that Kenneth M. Woolley, the company's chairman and CEO, would be taking a three-year leave of absence to serve a mission in Moscow for the Church of Jesus Christ of Latter-day Saints.
The U.S. REIT market completed its best quarter ever in June, as the FTSE NAREIT Equity REIT Index gained 28.9 percent in the second quarter of 2009. The index's performance marked its highest quarterly gain since its inception in 1972.
Commercial real estate investment group J.E. Robert Companies has tapped industry veteran Barden Gale as its new CEO, the firm announced June 29.
New legislation signed into law by President Barack Obama on June 23 authorizes the administrators of the Thrift Savings Plan (TSP), the federal government's defined contribution retirement program, to expand participants' investment options, potentially including distinct REIT funds.
The U.S. Green Building Council (USGBC) announced June 25 that it will require recurring performance reports for buildings to receive LEED certification, a benchmark for sustainability in the commercial real estate industry.
A survey of investment professionals ranked REIT CEOs Richard Clark and David Simon among the top chief executives in the United States.
New data from the Moodys/REAL Commercial Property Price Indices (CPPI) indicate that commercial real estate prices experienced their largest drop ever in April, falling nearly 9 percent for the month.
In the first quarter of 2009, worldwide private equity fundraising for real estate ventures reached its lowest point since 2004, according to new data from alternative asset research firm Preqin.