PORTSMOUTH, NH—Led by the Baccarat New York, six hotels with pricing of more than $1 million per key drove up the overall average for 2015, Lodging Econometrics says.

NEW YORK CITY—Even with more than 180 million square feet of industrial space in the pipeline, "Demand most likely will exceed new supply, at least for one more year," says Cushman & Wakefield's Kevin Thorpe.

MCLEAN, VA—Announced in connection with the 2016 Americas Lodging Investment Summit conference, the new Tru by Hilton brand is intended to appeal to "the youthful mindset demographic," says EVP Jim Holthouser.

NEW YORK CITY—SelectLeaders' latest Real Estate Hiring Trends Survey finds many respondents wanting to make hay while the sun shines amid uncertainty and volatility in the marketplace.

LONDON—With the deal announced Friday, pension fund AustralianSuper becomes majority owner of the eight-million-square-foot mixed-use project in its second UK deal.

Baltimore-based Legg Mason will pay $585 million for its majority ownership, while Clarion's management team, including CEO Stephen Furnary, will retain their minority stake.

STAMFORD, CT—Recombining NorthStar Asset Management and NorthStar Realty Finance would position NRF to grow "as an internally advised and managed REIT," the Land and Buildings CIO writes in a letter to NorthStar's David Hamomoto.

SAN DIEGO—When the deal with Blackstone Real Estate Partners VIII was announced this past October, BMR CEO Alan Gold noted that "demand for high-quality, institutional real estate to support the unprecedented growth of the life science industry is at historic levels."