SACRAMENTO–Should the bill become law, the imposition of a Zero Net Energy mandate on all new construction in California would have to be immediately implemented to achieve the goal's objectives.

NEW YORK CITY—The $450-million borrowing facility will be used to partly finance the lodging REIT's acquisitions of three separate portfolios from affiliates of Summit Hotel Properties, Noble Investment Group LLC and Wheelock Street Capital.

LAS VEGAS—Tuesday closing planned for $360 million acquisition by Penn National.

IRVINE, CA—Panelists on RealShare Orange County's finance panel said it is important to not put yourself in a position where you are underwater on a bunch of properties if there is a correction just because of the pressure to get capital out.