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The affordable and workforce housing leader originally targeted $550 million for its fourth discretionary fund.

TerraCap acquired Anchor Centre, a 333,014 square-foot class-A office property in Phoenix.

The Austin-based investment firm has launched a $200 million REIT with a specific focus.

The fund has just made a $500 million preferred investment in Four Springs Capital Trust.

The measure may be little more than a temporary boost for struggling renters and small landlords.

"The drafters of the City of Miami Charter, and the citizens who voted to approve it, granted the mayor a right to veto any 'land use decision,'" Miami-Dade Circuit Judge Michael Hanzman said. "This expansive, all-inclusive authority was not handed out willy-nilly and without forethought."

Marcus & Millichap executives, Evan Denner and Paul Lewis, have been appointed to Marcus & Millichap Capital Corp. as part of its growth plan.

A joint venture between M2G Ventures and Pennybacker Capital has acquired the portfolio and the retailer's headquarters office.