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REITs that operate in California have a big night.

A Miami-Dade Circuit Court panel rejected a neighbor's challenge to city approval of the 18-acre development.

Two of the most-watched ballot initiatives were Proposition 21, which was defeated, and Proposition 15, which was losing with about 75% of the vote as of late yesterday.

With Ribbon's expansion to Texas, homebuyers have the ability to make a non-contingent all-cash offer to sellers, ensuring a guaranteed close and a stress-free experience for both sellers, agents and buyers.

Had it passed, the proposition would have allowed local jurisdictions to expand rent control.

The firm buys the Viceroy L'Ermitage Beverly Hills Hotel for $100 million, a 116-suite luxury hotel that recently completed a $37 million renovation.

In the last seven months, JLL Capital Markets has closed several manufactured home deals in Southern California and Phoenix.

JLL capital markets represented the seller and procured Liberty Properties as the buyer of the 232,000-square-foot, Morristown office building.