LOS ANGELES — CBRE Group Inc. has announced plans to combine two of its valuation and advisory practices — Seniors Housing & Care and Medical Office — into a single, cohesive Healthcare Practice Group.
Company News
IRVINE, Calif. — Justin Hutchens will leave his post as president of HCP (NYSE: HCP) to become CEO of HC-One, a major seniors housing operator in the United Kingdom. Hutchens will remain in his current role at HCP through June 1 to help with the transition and the first quarter earnings report.
NEW YORK AND TOKYO — SoftBank Group Corp., a Tokyo-based tech conglomerate, has entered into a definitive merger agreement under which the company will acquire equity firm Fortress Investment Group LLC (NYSE: FIG) for approximately $3.3 billion in cash. Fortress is an investor in both independent living giant Holiday Retirement and publicly traded seniors housing REIT New Senior Investment Group.