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Altus, which builds and operates solar panels found at commercial properties, will also gain access to CBRE's client list.

The company sold Le Meridien San Francisco and Hotel Adagio at a 6.1% cap rate on 2019 net operating income.

The company joins with Cain International to transform a 17.5-acre site adjacent to the Beverly Hilton and Waldorf Astoria Beverly Hills into a three-building condo and hotel complex.

The nearly 600,000-square-foot property accounts for half of the industrial construction pipeline in the market.

The ownership and improving market fundamentals made the deal attractive to the lender, Square Mile Capital Management.

The companies have allocated $1.2 billion in equity to the joint venture to develop Class-A life science office and lab buildings.

In 2022, the partnership expects to begin developing build-for-rent communities in Colorado and Texas.

Earlier this year the Bureau indicated it would crack down on eviction procedures it thought were violating the law.