SACRAMENTO—The deal, part of CalPERS' ongoing efforts to reorganize its portfolio, would be the largest offering ever on the real estate secondaries market.

From the rise of e-commerce to the vast influence of Millennials, the retail landscape is evolving. What isn't likely to change is the low volume of new construction.

Developments That Make a Difference

NEW YORK CITY—A source tells GlobeSt.com that TPG, which acquired and combined DTZ and Cassidy Turley in 2014, would merge these operations with Cushman & Wakefield.

Inside the biggest development, leasing, investment sales, finance and M&A transactions that took place in 2014.

Utilizing various metrics including employment, business climate and demographic trends, <i>Real Estate Forum</i> has pinpointed the markets with the greatest prospects for growth in the coming years, and what it means for commercial real estate

SANTA MONICA, CA—Retail properties saw the biggest gain in volume, with $81.4 billion in total deals in 2014. One of those was a portfolio sale of more than 6.7 million square feet.

NEW YORK CITY—One of the biggest sales we saw last year was on the site of one of the biggest development projects currently under way—the World Trade Center site in Lower Manhattan.