The New York Department of State has issued new guidance that will end tenant-paid rental commissions for landlords who retain a real estate agent. It has caused an uproar from the local real estate industry, who'll look to pursue legal action and say the legislation will hurt tenants more than help them.

"The sales became a social welfare cause as all involved recognized that the facilities are a critical component of Miami Dade County's healthcare network for the underserved elderly and disabled."

M&T Bank has completed a $78 million loan with Two Trees Management, who will purchase land for the proposed development of two mixed-use towers and a six-acre park in Williamsburg, Brooklyn.

CA International, the international division of CA Ventures, reports it will invest $325 million to expand the firm's multifamily and student housing presence in the Mexico cities of Monterrey, Mexico City and Merida.