NREI WIRE

The fund, the eighth of a series driven by a so-called value-add real estate investing strategy, will be known as LaSalle Income & Growth Fund VIII.

Pension funds are stepping up the use of discrete accounts to lower costs and dictate terms that tend to include longer investment horizons than those in many off-the-shelf funds.

Gaming and Leisure will pay $1.21 billion for most of Tropicana’s casinos and will lease the properties to Eldorado.

Subprime mortgages are coming back as “non-prime” mortgages, CNBC reports. Sears is closing its last store in its hometown of Chicago, according to the Chicago Tribune. These are among today’s must reads from around the commercial real estate...

Property owners across the boroughs are contending with an avalanche of new apartment supply, giving them no choice but to cut prices.

Converting any existing Second Cup cafe to a recreational pot dispensary hinges on obtaining a retail license from provincial regulators, along with approval from Second Cup’s franchisee and landlord.

Officials worried about financial imbalances and “overheating,” while at the same time acknowledging benefits that could come from more people participating in the work force.

The complex is rising on land whose previous owners include two convicted felons, one with alleged mob ties.

Food halls are attracting shoppers to malls, according to CNBC. Moneyish looks at the best markets for millennials. These are among today’s must reads from around the commercial real estate industry.

The design-build method can save owners an average of 6.1 percent compared to traditional construction.