NEW YORK CITY—The sale to GIC, Singapore's sovereign wealth fund, puts an end to the possibility of an IPO for IndCor, Blackstone said late Monday evening.

NEW YORK CITY—With a concept derived from Japanese capsule hotels, the budget chain intends to add 3,000 keys by 2018, including a second location in New York.

SEATTLE—“It remains a tough row to hoe for first-time buyers and lower-income buyers,” says Zillow's Stan Humphries, and millennials fit into both groups.

SCOTTSDALE, AZ—The net lease REIT's CEO, Thomas H. Nolan Jr., says its Master Funding program provides “an efficient platform to lock in attractively priced, fixed-rate capital.”

CHICAGO—As president of JLL Americas Retail Brokerage, the industry veteran will be tasked with creating deeper integration, collaboration and consistency across the platform, GlobeSt.com has learned <b>EXCUSIVELY</b>.

NEW YORK CITY—The two properties bring the net lease REIT's year-to-date disposition volume to $259 million, CEO T. Wilson Eglin said Friday.

LOS ANGELES—Demand for apartments is still exceeding new supply, bringing the vacancy rate nationwide down 60 basis points below the long-term average, says CBRE.

SAN FRANCISCO—“ They're not too concerned about immediate returns, short-term returns,” Marcus &amp; Millichap's chief strategy officer said on <i>CNBC World</i>. “They have a very long-term horizon.”