NEW YORK CITY—The godfather of the modern REIT era held forth at the NYU REIT symposium Wednesday on everything from Equity Residential's portfolio deal with Starwood Capital to the prospects for a recession.

EAST RUTHERFORD, NJ—The Hampshire Companies plans to redevelop the East Rutherford, NJ, site into a self-storage facility, a convenience store, and a gas station.

IRVINE, CA—Foreign institutional investors prefer the West L.A. and San Francisco CBD office markets to Orange County, but more high-net-worth-investor foreign capital is seeking opportunities in OC, JLL's G. Ryan Smith tells GlobeSt.com <b>EXCLUSIVELY</b>.