NEW YORK CITY—According to new research by Cushman & Wakefield, Upper Fifth Ave. is now the most expensive shopping corridor—worldwide.

LOS ANGELES—R.D. Olson Development buys the 23,659-square-foot development site for $581 per square foot and $750,000 over asking price with plans to build a hotel, GlobeSt.com reports in this <b>EXCLUSIVE</b> story.

DALLAS--E Smith Realty Partners, the commercial real estate group headed by former Dallas Cowboys running back Emmitt Smith, has hired Greg Seitz and Marc Rankin to launch the firm's capital markets division, E Smith Capital Partners.