ROSEVILLE, CA—Compared to the prices in the Bay Area, Sacramento-area cities still have value and make for an appealing investment, with more than $1 billion of new projects and infrastructure underway.

NEW YORK CITY—Bearing the American Finance Trust name, the merged entity is a retail-focused REIT with an enterprise value of approximately $3.9 billion.

NEW YORK CITY—The acquisition adds seven attorneys for the firm.

LOS ANGELES—Allen Matkins' Steve Lieske says that while the idea is novel, he believes that real estate is still inherently local and wouldn't benefit from uniform laws across state borders.