IRVINE, CA—Affiliates of a Blackstone fund will pay HCP $1.125 billion to acquire the 64 properties triple-net leased to Brookdale Senior Living, with Brookdale taking a minority stake.

LOS ANGELES—Douglas M. Longyear of Cushman & Wakefield, who is speaking at Net Lease West tomorrow, says that there are more than 51 million square feet in build-to-suit industrial net lease projects this year with millions more in the pipeline.

LOS ANGELES—Oceanwide is living up to its goal of creating a premier retail and residential mixed-use tower in South Park, and ensures that the project draw worldwide attention.

NEW YORK CITY—New brand standards at many hotels and changes designed to court key demographic cohorts are behind the uptick, according to a new report.