HOUSTON—The 18-acre tract within the northwest corner of the mixed-use mega-project is “the first step in expanding Memorial City north of I-10,” says Jason Johnson, president at MetroNational.

MONTREAL and CHICAGO—Beacon Capital's Channel Center in Boston and a Denver property have traded to the JV; still to come are closings on properties in Manhattan and Chicago.

WYOMISSING, PA—Gaming and Leisure Properties' revised bid would create what it says is the third largest triple-net REIT by enterprise value; Pinnacle's board says the plan is under review.

LONDON—A portfolio leased to Telecom Italia, the assets' strategic nature makes them “an attractive acquisition,” says Guillaume Cassou, head of European real estate at KKR.

NEW YORK CITY—In the view of Ken McCarthy, chief economist with Cushman & Wakefield, flat wage growth was the "biggest disappointment" in the latest employment report.

ROSENBERG, TX—The 196-unit Waterford at Summer Park is within easy access of the employment centers within Fort Bend County as well as West Houston and the Energy Corridor.

HOFFMAN ESTATES, IL—A rights offering to Sears Holdings shareholders was oversubscribed; proceeds will help fund Seritage's acquisition of a portfolio of Sears and Kmart stores.

AUSTIN—The two retail properties are 100% leased; Whitestone CEO James C. Mastandrea says they "adhere perfectly to our Community Centered Property business model."