NEW YORK CITY—The $450-million borrowing facility will be used to partly finance the lodging REIT's acquisitions of three separate portfolios from affiliates of Summit Hotel Properties, Noble Investment Group LLC and Wheelock Street Capital.

SANTA FE, NM—“We see great opportunities to continue acquiring high-quality real estate in the US market while also harvesting value for our investors, both existing and new,” says Rosemont CEO Michael Mahony.

CHARLOTTE, NC—CEO Tim Belk will remain at helm of the 127-year-old family-owned retailer, which operates nearly 300 stores across the South.

LOS ANGELES—Will rising Treasury yields inevitably exert a similar effect on cap rates? According to CBRE's latest survey of investment trends, “The qualified answer is 'no.'”

NEW YORK CITY—Millennials and Baby Boomers have shaped real estate decisions over the past 15 years and will continue to do so. The size and diversity of the immigrant population is also a force to reckon with.

NEW YORK CITY—Although the level of new construction in some categories subsided in July compared to June, the overall trend for the first seven months of this year has been up compared to 2014, says Dodge Data.

TORONTO—The Ontario Pension Board is also taking a 30% interest in Cadillac Fairview's development site for an 850,000-square-foot office tower elsewhere in the city.

WASHINGTON, DC—The results of NAREIT's latest T-Tracker series show that equity REITs performed strongly in Q2 while outperforming other S&P 500 sectors, says the association's Calvin Schnure.