MIAMI—The developers behind $2 billion Miami Woldcenter bought their first parcels of land in the heart of Downtown Miami 10 years ago. Now, they are beginning to see their vision come to pass with construction set to begin in the third quarter.

NEW YORK CITY—The company has received three more letters from two investors—with one suggesting the outside firm serve as an “external advisor”—in the wake of the open letter sent Wednesday by another disgruntled investor.

HOUSTON--HREC Investment Advisors has arranged the sale of the 294-room Crowne Plaza Houston Northwest Brookhollow located in Houston. The buyer, Unique Hotel Management Group, is a regional hotel; the seller is a special servicer that acquired the hotel through foreclosure.

PORTLAND—The premiere office towers that make up Portland's skyline boast the most expensive office space to rent, garnering rates 13.9% higher than non-trophy space.