NEW YORK CITY—The deal values the Nets basketball franchise and Barclays Center, which also houses the Islanders hockey team, at a combined $1.7 billion including debt.

LONDON—The three-year extension to HSBC's existing global facilities management agreement marks the third multinational contract JLL has signed in the past two months.

WASHINGTON, DC—Long-term incentives measuring performance over a multi-year horizon are the vehicle of choice for most of the largest companies, FTI Consulting says in its latest study of REIT compensation.

WASHINGTON, DC—The National Association of Realtors' Lawrence Yun says new mortgage regulations may have caused the November decline, rather than "sudden withering demand."

OSLO—Day-to-day operations at the real estate platform of Norway's sovereign wealth fund have been run by Norges Bank Investment Management's deputy CEO since October 2014.

NEW YORK CITY—"Most investors have anticipated this, and have baked it into their strategies," Cushman & Wakefield's Steven Kohn tells GlobeSt.com. Hear from Kohn and other commercial real estate experts about what comes next.

OAKLAND, CA—The combined company, to be known as Colony Starwood Homes, is expected to own and manage over 30,000 homes and have an post-merger asset value of $7.7 billion.

PHOENIX and SAN FRANCISCO—With the transactions announced Friday, VEREIT will have sold nearly $415 million of Red Lobster properties and plans to sell another $600 million through the strategic partnership, says CEO Glenn Rufrano.