MONTCLAIR, NJ—The Pinnacle Companies and an investment partner are buying the historic Wellmont Theater in Montclair, NJ. They've hired Live Nation to program concerts at the venue after the owners renovate and upgrade the iconic property, originally built in 1922, into a world-class live entertainment venue.

LOS ANGELES—More than 150 people, including Mayor Eric Garcetti and councilmember Jose Huizar, attend the ground breaking of Circa, a $500 million mixed-use project in DTLA, GlobeSt.com reports in this <b>UPDATE</b> to a previous story.

LOS ANGELES—The multifamily investor buys a five-property portfolio in Seattle and Portland from FPA Multifamily at a 40% discount to replacement cost.

TORONTO and NEW YORK CITY—The joint venture on the Saks Fifth Avenue flagship in Beverly Hills and other stores represents “an important step forward in HBC's next chapter of growth,” executive chairman Richard Baker said in February.