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The opportunistic investment firm is looking to sell all its Texas office and industrial holdings. Two years ago, it paid about $92 million for the portfolio, which contains 1.3 million sf. It will undoubtedly sell for substantially more.

CalWest is close to buying some 7 million sf of industrial space from Spieker Properties. The purchase would be the second by a CalPERS entity of a Spieker industrial portfolio.

The New York sales advisory firm has hired John Guy from Ocwen Financial to staff a Florida regional office. It is also planning to open offices on the West Coast and in the Midwest.

The new accounting guidelines will limit the powers of servicers and possibly render what are now considered sales as financings. A committee seeking changes has formed, but FASB seems unfazed and says the regulations have been out since last September.

The pension fund and its adviser, CommonWealth Partners, have put the Trillium in the Warner Center area up for sale through Secured Capital Corp. The 630,000-sf property should sell for about $160 million.

The industrial real estate market posted increases in net absorption and rents, thanks to a stronger energy sector in the local economy, according to a research report.

The lending and servicing powerhouse is formally launching RealPoint, a research and analytics service for the commercial mortgage market.

The online exchange has struck a flow agreement with a West Coast lender, giving it a steady supply of mezzanine loans to sell. A $5.5 million portfolio kicked off the agreement.

Deutsche Bank and J.P. Morgan Chase handled a tough fixed-rate deal by converting the deal's triple-A classes to floating rates. And word is that issuers of imminent conduits are mulling the same approach.

Hardage Suites Hotels is evaluating strategic options in order to gain the capital needed to grow. The company, which owns 18 hotels with a total of 2,300 units, is said to have been looking for about $300 million.