Affiliates of Blackstone Real Estate will buy Bluerock Residential Growth REIT in a deal valued at $3.6 billion, reports Reuters. Home flipping is getting less profitable, according to CNBC. These are among today’s must reads from around the...

Los Angeles-based CommonWealth Partners bought the 697,958-sq.-ft. building.

The REIT will purchase 81 outdoor shopping centers spanning 9.5 million sq. ft. from subsidiaries of CIM Real Estate Finance Trust.

The investment fund manager used to focus on value-add multifamily. Then it discovered the play no longer made sense.