NEW YORK CITY—Bullish forward momentum and dizzying drops into a downturn—commercial real estate has seen it all over the past 15 years, and GlobeSt.com has been there to report it.

HOFFMAN ESTATES, IL—A rights offering to Sears Holdings shareholders was oversubscribed; proceeds will help fund Seritage's acquisition of a portfolio of Sears and Kmart stores.

LOS ANGELES—Michael Sanchez and Charles H. Kim join the company's commercial lending division from Colony Capital; Ryan Sakomoto comes aboard as in-house general counsel.

WASHINGTON, DC—Although the second quarter saw a 36% year-over-year increase in construction, “deliveries are only a fraction of what is being absorbed,” says DTZ's Kevin Thorpe.

KANSAS CITY, MO—“In the long run, seniors (ages 70 and above) will likely supplant young adults as the main drivers in multifamily home construction,” writes Jordan Rappaport, senior economist with the Kansas City Fed.

LOS ANGELES—With about $75% of US Value 7 committed to date, the Strategic Partners team has “already made substantial progress toward executing a disciplined and selective investment plan,” says president Vance Maddocks.

LONDON—The joint venture with Resolution Property will be “the exclusive platform for value-add investment in Europe for Fosun Property,” says Fosun Group VP Xu Xiaoliang.

WARSAW—The 50/50 joint venture between TIAA-CREF and Spanish developer Neinver was launched this past January, with the goal of creating a leading outlet platform across Europe.