Deal Name: 2006-PWR12

Indianapolis StarDuke Realty Corp. has announced plans to sell a portfolio of 20 office properties that are mostly in the Midwest. The Indianapolis REIT is selling the portfolio to a joint venture it has with CB Richard Ellis Realty Trust, ...

Crain's New York BusinessA venture led by Glacier Global Partners, a Miami investment firm, has purchased a $40 million mortgage against Five Franklin Place, a stalled residential condominium project in Manhattan. Procida Advisors has been marketing the debt against the ...

Wall Street JournalA development venture led by former football star Emmitt Smith has obtained additional funding sources for a proposed hotel and retail project in Harlem, N.Y. Meanwhile, the venture has withdrawn its request for about $20 million of tax-exempt ...

Crain's New York BusinessThe New York City Council has approved a proposed mixed-use project for Manhattan's Upper West Side. The 3.1 million-square-foot Riverside Center is being developed by Extell Development Co. on eight acres from West 59th to West 61st ...

Marathon Asset Management has acquired a $27.5 million mortgage backed by a shopping center with 64,000 square feet in East Brunswick, N.J. The New York hedge-fund operator said the deal has enabled the loan's borrower to reduce its costs and ...

An affiliate of a fund managed by LaSalle Investment Management has paid $105.5 million for Miami Tower, a 600,000-square-foot office building in downtown Miami.I&G Miami, an affiliate of LaSalle Income & Growth Fund V, bought the 47-story property at 100 ...

Commercial Real Estate Direct Staff ReportPrudential Real Estate Investors is taking title to a portfolio of apartment properties in Phoenix, months after paying $68 million for the construction and mezzanine debt on it, from a syndicate led by KeyBank.The investment ...

Crain's Chicago BusinessGeneral Growth Properties Inc. is losing its chief executive and chief operating officers this week as Adam Metz and Thomas Nolan are stepping down from their respective posts. The two led the Chicago REIT through its bankruptcy, from ...

Orlando SentinelA group affiliated with Prime Outlets-Orlando has paid $25 million for the Festival Bay Mall in Orlando, Fla. Belz Enterprises of Memphis, Tenn., had previously owned the property. It opened in 2003, but has struggled with occupancy issues ever ...

CommonWealth REIT has obtained a $400 million term loan that matures on Dec. 15, 2015, from a group of lenders led by Wells Fargo. The REIT expects to apply the net proceeds of the note to repay amounts outstanding under ...