NASHVILLE, TN—Locally-based Brookdale Senior Living and Irvine, CA-based HCP, Inc. report they have closed on their previously disclosed multiple-faceted transaction that includes the creation of a $1.2-billion strategic joint venture.

GREENWICH, CT—Locally-based Urstadt Biddle Properties Inc. has acquired two mixed-use properties here for $47.4 million. The properties total 89,000 square feet of retail, office and multifamily space.

NEW YORK CITY—Prodigy Network has acquired the downtown commercial building 17John St. here for $85.3 million, utilizing more than $25 million it raised in crowdfunding equity.

VIRGINIA BEACH, VA—New Castle Hotels & Resorts announced on Wednesday that Sam Peraza has been named general manager of the 122-suite Homewood Suites Virginia Beach here.

SALISBURY, MD—Locally-based Marshall Hotels & Resorts, Inc. reports it has inked four new management contracts for hotel properties in the state of New Jersey.

HOBOKEN, NJ—In a deal arranged by HFF, the ownership of the Curling Club Apartments here have secured $70 million in financing for the 240-unit multifamily property.

PHILADELPHIA—Drexel University is looking to retain a master developer for its 10-acre “Innovation Neighborhood” in University City here that could eventually house 5 million square feet of newly developed space.

KILLINGLY, CT—C&M Technologies has inked a lease deal at 349 Lake Road here where it will occupy nearly 148,000 square feet of space.