On November 8, 2017, KBS Strategic Opportunity REIT, Inc. (“KBS”), through 11 wholly owned subsidiaries, sold 11 of its properties to various subsidiaries of Keppel-KBS US REIT, a newly formed Singapore real estate investment trust that was listed on the Singapore Stock Exchange.

KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust announced November 7 that it has closed on the largest financing facility in KBS’ history.

The Federal Reserve declined to raise interest rates at its policy meeting this week and said the late-summer hurricanes likely will not have much longer-term impact on overall economic activity.

On November 8, 2017, Brian Block, former CFO of American Realty Capital Partners, received a sentence of 18 months in federal prison for overstating the company’s financial results.

Pathway Energy Infrastructure Fund, Inc. announced on November 7, 2017 that it has converted to a continuously offered, closed-end interval fun structure and expanded its investment focus.

The board of directors of Phillips Edison Grocery Center REIT I, Inc. have determined the estimated value per share of its common stock to be $11.00, as of October 5, 2017, representing an 8% increase from the previous estimated value per share of $10.20, as of March 31, 2017.

Commercial property prices have risen steadily since the beginning of the recovery from the Great Financial Crisis (GFC). Prices through September were nearly 25 percent above the level at the end of 2007, according to the value-weighted CoStar Commercial Repeat Sales Index, while prices of multifamily properties were nearly 50 percent above their end-2007 value.

Over Thanksgiving weekend, Black Friday remains the most popular day for shopping.