LAS VEGAS—The plan to spin off Caesars Entertainment Operating Co. into a REIT is one of several plans under discussion between the money-losing casino giant and its creditors.

ALHAMBRA, CA—Construction begins on the retail portion of Shea Properties' 260-unit multifamily mixed-use complex, with completion scheduled for summer 2015, GlobeSt.com reports in this update to a previous story.

LOS ANGELES—The investment manager signs an 182,000-square-foot lease renewal with a 26,000-square-foot lease expansion at Brookfield Property Partners' Wells Fargo Center.