TORONTO, NEW YORK—The Canadian retail giant says that by forming JVs with leading trusts in the US and Canada it has taken another step in unlocking the value in its portfolio.

GLENDALE, CA—Meta Housing Corp. breaks ground on a $32 million affordable multifamily development that will target artists and families, creating an arts colony.

LOS ANGELES—Although the area's characteristic short-term leases make landing a lender difficult, a 153,000-square-foot office building secures a non-recourse CMBS loan with a 58% LTV.

ELLENVILLE, NY—After being spurned by the New York State Gaming Location Board on its casino bid back in November, the ownership of the storied Nevele hotel and resort here has proposed a new $100-million plan for the shuttered facility.