Deal Name: Bear Stearns Commercial Mortgage Securities Trust

Baltimore Business Journal The Baltimore area's $140 million worth of commercial property sales this year is down 86 percent from the same period a year ago. "The issue right now is that investors perceive additional risk in making the investment ...

Wall Street Journal The reconstruction of the World Trade Center in Manhattan is running at least $1 billion over budget and several years behind schedule. The property's owner, the Port Authority of New York and New Jersey, is slated to ...

Hartford Courant Voters in Preston, Conn., will choose between a pair of mixed-use redevelopment proposals for a 430-acre site. Voters will be asked to choose between two proposals: a $1 billion proposal from a venture led by Larry Gottesdiener that ...

Boston Business Journal A venture of AvalonBay Communities Inc. and the state of Massachusetts has completed a 75-acre redevelopment project in Danvers, Mass. The venture converted the former Danvers State Hospital into Avalon Danvers, a mixed-use facility with 433 apartments, ...

GE Real Estate has provided a $62 million mortgage for the Marriott Courtyard Upper East Side, a 226-room hotel in Manhattan. GE's financing was originated under its flexible fixed-rate program, which provides borrowers substantial prepayment flexibility. The property was developed ...

San Francisco Business Times A joint venture between the Prado Group and the Felson Cos. has paid $37.2 million for Nob Hill Tower, a 72-unit apartment complex in San Francisco. The Lembi Group, a San Francisco developer, sold the property ...

Arizona Republic Sumitomo Corp. of America has paid $92.5 million for an office building in the Hayden Ferry Lakeside office park in Tempe, Ariz. The New York firm purchased the 12-story, 300,000-square-foot tower from SunCor Development Co., a Phoenix builder. ...

Denver Business Journal Meridian Trust Co. is offering for sale 1801 California, a 1.3 million-square-foot skyscraper in downtown Denver. Qwest Communications International Inc. leases the entire 54-story building for its headquarters and subleases part of the space to smaller tenants, ...

Indianapolis Star Global Ministries has paid roughly $14.4 million for the 336-unit Mann Village Apartments in Indianapolis. The Indianapolis nonprofit purchased the property from Pedcor Cos., which built the complex in 1990 and marketed it through Tikijian Associates. Mann Village ...

Indianapolis Star Meritex Enterprises has purchased 52 aces in Noblesville, Ind., and plans to construct a 537,000-square-foot office park on the site. The Minneapolis developer expects to construct seven buildings on the site, beginning in January. A purchase price was ...