Friday, April 12, 2013

ARCP Withdraws Cole Credit REIT Takeover Bid

National Commercial Real Estate News From CoStar Group

ARCP Withdraws Cole Credit REIT Takeover Bid

American Realty Capital Properties, Inc. (NASDAQ: ARCP) has withdrawn its hostile bid to acquire Cole Credit Property Trust III, Inc. (CCPT III), ending at least for now the boardroom battle between two major players in the triple net lease property market.

ARCP Chairman and CEO Nicholas S. Schorsch said despite the support from stockholders of both companies, research analysts and financial industry leaders, "CCPT III’s actions make it clear that...

CoStar's People of Note (April 7-13)

This week's People of Note includes the following markets: Baltimore, Houston, Long Island, San Diego, San Francisco and Washington, DC.

Arce Chooses Cassidy Turley After Sabbatical
By John Walz

James W. Arce joined the San Francisco office of Cassidy Turley as senior managing director, west region.

In his new position, Arce will oversee the firm’s account management and business development efforts as the firm expa

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