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The Development of Distinction Awards recognizes developments and open spaces that demonstrate best practices in design, construction, economic viability, healthy places, marketing and management.

Also, JLL reports that private capital captured a record 37.9% of the net-lease market in the first half of 2018, up by 9.4 percentage points since 2015.

Parallel Capital Partners sells the final 12 buildings in a larger office portfolio purchased in 2012 for $63 million and sold for nearly $150 million.

The Pacific Oak Companies will work together to facilitate the acquisition, disposition and management of commercial real estate and commercial real estate related investment products.

The property in Columbus consists of 121 units that are completely vacant and have significant deferred maintenance attached to it.

The spinoff of commercial real estate services firm Newmark Group is expected to become effective on Nov. 30, BGC reports. The stock distribution will be to BGC stockholders of record as of the close of business on Nov. 23, 2018 (the record date).

The national portfolio owned by New York City-based MCR and BLT of Stamford, CT, encompasses 5,958-guestrooms at 53 Marriott and Hilton select service and extended stay hotels located in 15 states and 31 markets.

Under the terms of the GRP I joint venture, Northwestern Mutual will acquire an 85% interest in the 17-center portfolio which is currently valued at $368 million.