PHOENIX—The joint venture buyers will next initiate a multi-million-dollar renovation that will evolve the landmark into a mixed-use blend of creative office space, ground floor restaurants and retail.

CALABASAS, CA—In raising the federal funds rate for the first time since 2006, "the Fed has finally expressed its confidence in economic growth, potentially opening the door to increased consumption and business investment," according to Marcus & Millichap's Hessam Nadji.

A few days after the San Bernardino shootings I attended a Council of Foreign Relations luncheon headlined by William Perry, the former defense secretary under Bill Clinton. In the wake of the Paris attacks, he had a less than cheery assessment of the world's nuclear dangers that lost the appetites of most of us in attendance. In particular, for anyone living in New York or Washington DC he had a special warning, there is a…

HUNTINGTON BEACH, CA—In the current economy, store closures aren't necessarily a negative indication, but may instead reflect retailers' desire to meet rapidly changing consumer shopping habits, Excess Space's Al Williams tells GlobeSt.com <b>EXCLUSIVELY</b>.