NEW YORK CITY—The proposal calls for a public-private partnership, for which the state will approach developers this week.

LONG BEACH—JB Matteson buys the Urban Village Apartments, a class-A 129-unit apartment complex north of the downtown submarket, for $42 million.

LOS ANGELES—Retail leaders talk about the retail trends and concerns we should expect to see in 2016 in this <b>EXCLUSIVE</b> story.

SAN ANTONIO—Focusing initially on recently built stores, the real estate venture is expected to "free up substantial capital that will enhance the company's ability to pursue its strategic growth initiatives," says CEO Kim Lubel.