LOS ANGELES—At RICS' annual Summit of the Americas, Army Reserve facilities chief James Balocki calls on the private sector to help the government mange its assets.

LOS ANGELES—The two firms form a private equity platform under the name SVN DealPoint Merrill Realty Partners with the goal of investing $100 million in its first year, GlobeSt.com reports <b>EXCLUSIVELY</b>.

MARINA DEL REY, CA—Legacy Partners Residential secures the funds to acquire and renovate the 379-unit apartment complex and its existing docks and waterfront promenade.

LOS ANGELES—According to a new report from MasterCard that tracks retail spending of cardholders, the downtown market has several areas that rank in the top 1% in the state and country for total revenue performance.

LOS ANGELES—The brokerage firm hires five new professionals to leadership positions in its three L.A. offices, GlobeSt.com reports <b>EXCLUSIVELY</b>.

LOS ANGELES—Ed Sachse of Kennedy Wilson—which was just tapped to handle retail leasing at the massive Oceanwide Plaza development—talks about the trends and drivers in the downtown retail market in this <b>EXCLUSIVE</b> Q&amp;A.

LOS ANGELES—Peer-to-peer lending platform AssetAvenue taps Varun Pathria to serve as the firm's chief investment officer.

CARLSBAD, CA—The developer announces plans to preserve 176 acres of coastline south of the Agua Hedionda Lagoon to serve as open space for the local community.