Long-term, the spin-off from Caesars Entertainment Operating Co. will look at diversifying beyond gaming, “but we're going to do so using very strictly self-imposed criteria,” VICI Properties CEO Ed Pitoniak tells GlobeSt.com.

New York Life and Finland's Ilmarinen intend to assemble a $1.2-billion portfolio of core and core-plus office properties in the next few years.

The two sharing-economy giants are testing a program to make shared office space available to business travelers in New York City, Los Angeles and other markets.

The combined company has a diversified portfolio of 235 shopping centers totaling more than 26 million square feet across 32 states.

While many cities attempt to tackle the workforce housing issue through legislation and subsidies, private real estate markets can and should allocate more capital than they currently do to the sector, writes EquityMultiple's Soren Godbersen in this <b>EXCLUSIVE</b> commentary.

Even with units in the pipeline standing at a cyclical high, deliveries are being slowed by construction labor shortages, says Yardi Matrix.

The acquisition will expand CBRE's project management relationships in the public and education sectors, along with other segments.

“Over the past few quarters, real estate fundraising has struggled to remain consistent,” says Oliver Senchal at Preqin.