NEW YORK CITY—The financing will go toward the purchase of a building in the area—better known as East Harlem—that features 232 residential units and four commercial units.

WASHINGTON, DC--The buyers are New York City's Steinbridge Group and Dallas-based Lincoln Property Co.

SANTA ANA, CA—The sector's growth before the downturn was not based on strong fundamentals, and now the players are being the efficient machines they need to become in order to compete in today's fast-paced world, Red Mountain Group's Michael Mugel tells GlobeSt.com <b>EXCLUSIVELY</b>.

Growth in spending at restaurants continues to slow, says one firm in its latest report, but they note that Brexit is a non-event, at least as far as retail REITs are concerned.