NEW YORK CITY-This building is the first residential housing constructed specifically for ExecuStay. It is part of the company's strategy to consolidate operations in centralized markets.

LOS ANGELES-La Jolla Energy Development Inc. withdraws its application to build a facility in Baldwin Hills area, one day after a key public official said he wouldn't support it. It's a setback for the governor, a victory for oppposition groups.

AUSTIN-Hendricks & Partners latest multifamily report is reflecting increases in rent and vacancy as concessions are now firmly planted in 42% of the class-A market. Meanwhile, more units are being delivered despite a dip in demand in most Austin-area markets.

LONDON-The poor performance of retail properties of late has led many investors to abandon the sector, but there are signs of an upturn, according to Colliers Conrad Ritblat Erdmans' annual Midsummer Retail Report.