Deal Name: Bear Stearns Commercial Mortgage Securities Trust

Dallas Morning News Phillips Development & Realty has begun constructing a 339-unit apartment complex in the Dallas suburb of McKinney, Texas. The Cary, N.C., developer is building the complex on roughly 14 acres off Stacy and Ridge roads. Westplan Investors ...

Crain's Chicago Real Estate Cape Horn LLC has agreed to pay $30 million for 205 W. Wacker Drive, a 244,000-square-foot office building along the Chicago River. The Miami firm is purchasing the property from a fund managed by KBS Realty ...

Milwaukee Journal-Sentinel A 128-room Staybridge Suites hotel and a 30,000-square-foot industrial building will be part of the Pabst Farm mixed-use project in Milwaukee. The Staybridge will anchor the complex's hospitality portion, which will include another hotel, office building and restaurant. ...

By Jeff Mordock, Commercial Real Estate Direct Staff Writer A Utah investment group is offering for sale Canyon Corporate Center, a 985,069-square-foot office complex in Orem, Utah. The company, which operates as TCU Properties LLC, is led by Michael McDonald, ...

Hersha Hospitality Trust has paid $34 million for the Sheraton JFK Airport Hotel, a recently constructed 150-room hotel in Jamaica, N.Y. The Philadelphia hotel REIT had provided $9 million to the property's developer, Risingsam Hospitality two years ago under its ...

By John Covaleski, Commercial Real Estate Direct Staff Writer A venture led by investment manager JBG Cos. is targeting $300 million of opportunistic investments in life-sciences properties in suburban Washington, D.C. Scheer Partners, a Rockville, Md., developer and real estate ...

Washington Post Maryland Gov. Martin O'Malley has proposed investing $1.1 billion in the state's life sciences industry over the decade. The plan, which would expand tax credits, bolster stem-cell research and provide additional support for start-ups in the sector, requires ...

Times-Dispatch Williams Bridge Co. is expected to someday put its 40,000-square-foot manufacturing facility in Manassas, Va., up for sale. The company is moving its manufacturing operations to Richmond, Va., and has indicated it would put the Manassas facility, at 8624 ...

Miami Herald A group led by Trammell Crow Residential has acquired a 44-acre development tract in Miami for $25 million from Affordable Residential Communities. The Trammell group plans to develop a 481-unit multifamily complex on the site, at Northwest 136th ...

New York Post Nearly 100 entities have submitted bids for four Manhattan office buildings available from a lending consortium led by Deutsche Bank. Eastdil Secured has the listing for the properties: Worldwide Plaza, which has 1.7 million square feet; 1540 ...