Deal Name: 2006-PWR12

LaSalle Investment Management has raised $728 million of equity commitments for LaSalle Income & Growth Fund V, which pursues high-quality properties that could be improved. The fund is the latest in the LaSalle Income & Growth series. The first two ...

By John Covaleski, Commercial Real Estate Direct Staff Writer Somerset Partners is marketing for sale the retail portion of 450 Park Ave. a Manhattan office building that it acquired last summer. CB Richard Ellis has the listing for the 33,000-square-foot ...

San Diego Business Journal An affiliate of Wakeland Housing and Development Corp. has lined up $17.1 million of financing to build a 77-unit apartment complex in San Diego. Wells Fargo provided the financing for the project, Parkside Apartments, which will ...

Dallas Morning News Steve Shafer has purchased a development parcel at the corner of Travis and Knox streets in Dallas. The Dallas developer plans to construct an office and retail building on the 20,000-sf site, which he purchased from 7-Eleven. ...

Crain's Chicago Business D2 Realty Services Inc. is seeking to sell a 2.5-acre parcel in Chicago's South Loop after dropping plans to build a 600-unit apartment on the site. The Chicago developer has tapped CB Richard Ellis to market the ...

Crain's Chicago Business John Buck Co. is negotiating to pay $169 million for the Parkway North Center office complex in the Chicago suburb of Deerfield, Ill. The six-building complex has about 770,000 square feet. Included in the sale is a ...

Chicago Sun-Times Hines Interests is close to an agreement to sell part of a parcel at the corner of Lake and Canal streets in downtown Chicago to Harp Group Inc., which is planning a 225-room hotel on it. Harp, an ...

Rodney A. Montag, vice president of acquisitions at WCI Communities, has joined Cantor Fitzgerald's recently formed real estate investment unit as executive managing director. Montag joins his former WCI colleague, Andrew Stark, who joined last month to oversee Cantor Real ...

John Arens, a vice president at Redwood Trust, has joined Liquid Realty Partners as director to handle strategic planning. Arens managed residential investment services and strategic planning for Redwood, a Mill Valley, Calif., mortgage REIT. He also held a senior ...

By Jeff Mordock, Commercial Real Estate Direct Staff Writer Parmenter Realty Partners is offering for sale Warren Place, a 959,895-square-foot office complex in Tulsa, Okla. The Miami real estate firm has tapped CB Richard Ellis' Dallas office to market the ...