PLYMOUTH MEETING, PA—The real estate investment manager has also begun marketing a new club fund, according to documents from one of the fund's investors.

NEW YORK CITY—The $6-billion acquisition is an example of three recent and long-term trends: the REIT privatizations and large-scale hotel industry transactions that have marked 2015, and Blackstone's longstanding commitment to the lodging sector.

NEW YORK CITY—Zach Mishaan, former senior managing director with Winick Realty Group, has come to RKF as a VP.

SAN DIEGO—Speakers at Burnham-Moores' real estate conference Thursday said a confluence of factors is preventing median-priced homes from being built here and creating a supply-and-demand situation that is driving up prices to unsustainable levels.