LOS ANGELES—L.A. is not overheating, according to Beacon Economics, which says that strong job growth sets the city on track for a great year.

TOLEDO, OH—For the healthcare REIT, the joint venture with Cindat Capital Management and Union Life Insurance Co. represents a key component of its strategy to reposition its portfolio.

LOS ANGELES—The Ruth Group has completed the redevelopment of 211 Ocean in Long Beach, one of the first creative office projects in the market, and tenants are lining up.

NEW YORK CITY—The $72 billion in unpaid balance that the mortgage REIT is acquiring represents PHH's entire mortgage serving rights portfolio.