SACRAMENTO-The California State Teachers Retirement System closes on the purchase of five properties in North Carolina, Texas and Indiana from Apartment Investment and Management Co., a Denver-based apartment REIT with a focus on student housing.

SACRAMENTO-The California State Teachers Retirement System closes on the purchase of five properties in North Carolina, Texas and Indiana from Apartment Investment and Management Co., a Denver-based apartment REIT with a focus on student housing.

DUSSELDORF-The Pearl of Kuwait Real Estate Co. plans to develop a nine-story building here that will include a 100-room luxury hotel, high-end restaurants and retailers, office space and apartments.

DUSSELDORF-The Pearl of Kuwait Real Estate Co. plans to develop a nine-story building here that will include a 100-room luxury hotel, high-end restaurants and retailers, office space and apartments.

JACKSON HOLE, WY-An investment group led by Lodging Capital Partners pays publicly held Vail Resorts Inc. $32.5 million for an 88-room here called the Snake River Lodge & Spa.

KANSAS CITY, MO-Following a review by the US Department of Justice and several state attorneys general, AMC Entertainment and Loews Cineplex Entertainment Corp. agree to sell theaters in eight markets over the next four months.

KANSAS CITY, MO-Following a government review, AMC and Loews agree to sell theaters in eight markets over the next four months.

SEATTLE-Greg Laycock, Cushman & Wakefield's Seattle-based senior director of capital markets and one of its top producing multifamily investment brokers, is leaving the firm next week to be the Northwest acquisitions executive for Fairfield Residential.