MOORPARK, CA—The new division will focus on multifamily and other CRE with values of under $10 million.

LONDON—New York firm has taken a 50% share in the $315 million block of City of London properties and formed a JV with TIAA Henderson City of London, from TIAA Henderson Real Estate.

COLOGNE, Germany—Real estate advisor acquires mixed-use property on behalf of North American clients.

SAN FRANCISCO—Texas firm Sterling will work with affiliate and partner to replace asphalt with concrete and make other improvements.

SAN JOSE, CA—Ultima Hospitality has added the 234-room property to its bundle of recent area acquisitions.

PALO ALTO, CA—Property Manager Simon has teamed with eBay Inc. to launch Connected Mall, a new, immersive digital directory that provide shoppers with a GPS-plus for the brick- and-mortar mall.

DENVER—Partners say the 34 story Confluence will include 288 luxury units in a unique, historic setting.

IRVINE, CA—Irvine Company Resort Properties has completed redevelopment of the 536-room resort.