NEW YORK CITY—In this <b>EXCLUSIVE</b> Q&amp;A, GlobeSt.com chats with Stan Johnson on the keys to underwriting and marketing small cap net lease investment transactions among other things.

SANTA MONICA, CA—The REIT disclosed it acquired a 3.6% stake in Macerich last year. It has made several approaches since then, including one within the last few weeks according to the Wall Street Journal.

PHOENIX—Officials from Watt Communities of Arizona and Southern California-based parent company Watt Communities have broken ground on Dorsey Lane, a 51-unit, for-sale upscale urban living townhome project in central Tempe.

SAN MATEO, CA—In the second big San Mateo deal this week, the Station Park Green Development site located at 1700 &amp; 1790 Delaware St. changes hands.