REDMOND, WA—Domestically, staff cuts will occur in San Diego and near the company's headquarters here, with the Puget Sound downsizing accounting for about 1,350 of its 43,000 local employees.

NEW YORK CITY—“As more of our assets under management have seasoned, we've been increasingly active in harvesting the value we've created over several years,” CEO Stephen A. Schwarzman said Thursday.

NEW YORK CITY—We're beginning to see businesses becoming “more focused on the top line than on cost cutting” and on hiring for future growth, Cushman & Wakefield's Ken McCarthy tells GlobeSt.com.

LOS ANGELES—The <i>Wall Street Journal</i> quoted Kevin Mallory, global head of CBRE's lodging arm, as saying his company was “extremely bullish on the hotel sector,” while PKF's R. Mark Woodworth said all 200 employees would join CBRE.

NEW YORK CITY—However, the delinquency rate for hotel CMBS ticked upward in June, thanks largely to a $54.4-million loan falling behind, says Fitch Ratings.

NEW YORK CITY—Massey Knakal is projecting a 35% year-over-year increase in the number of properties that will trade by Dec. 31, the firm's chairman, Robert Knakal, said at a media briefing Tuesday.

SAN FRANCISCO—A white paper from Prologis reports, among other things, that e-commerce customers use industrial space “differently and more intensively” compared to brick-and-mortar retailers. They also need more of it.

BOSTON—Covering some 5,000 commercial mortgages totaling $97 billion, the quarterly LifeComps index shows retail performing best for Q1 and industrial faring best over the preceding 12 months.