The Utah Retirement Systems is offering for sale Foundry Square IV, a 233,000-square-foot office building in San Francisco that is fully leased, according to a report on Bloomberg. And the building is expected to sell for about $185...

Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes JPMorgan...

General Growth Properties has agreed to pay $270 million for 11 Sears store locations at malls it owns and that the retailer plans to vacate. The Chicago REIT said Sears would continue to occupy the locations until next...

Archstone has paid $63.2 million, or $329,167/unit, for Parkside Apartment Homes, a 192-unit property in Sunnyvale, Calif. Archstone, an Englewood, Colo., REIT controlled by Lehman Brothers, bought the property, which it expects to rename Archstone Sunnyvale, from Acacia...

HEI Hotels & Resorts has acquired the 154-room Hotel Palomar Arlington, a full-service, luxury property in Rosslyn, Va., from JBG Cos. The Norwalk, Conn., hotel operator and investment manager was said to have struck a deal to pay...

Senior Housing Properties Trust has agreed to pay $70.5 million, or about $327/sf, for the First Insurance Center, a 215,527-square-foot office property in Honolulu. The Newton, Mass., REIT will assume $52 million of debt against the property, which...

FPA Multifamily LLC has paid $48.35 million, or nearly $107,000/unit, for Meridian at Stanford Ranch, a 452-unit apartment property in the Sacramento, Calif., suburb of Rocklin, Calif. FPA, a unit of Fowler Property Acquisitions of San Francisco, purchased...

The following story was edited to correct the assumed loan's interest rate. Commercial Real Estate Direct Staff Report Rouse Properties Inc., a spin-off of General Growth Properties Inc., has paid $66 million for the Grand Traverse Mall, a...

Commercial Real Estate Direct Staff Report KeyBank has provided $71.4 million of financing to CNL Healthcare Trust Inc., allowing the Orlando, Fla., REIT to complete a pending $84.1 million purchase of five seniors-housing properties with 394 units. CNL...

A partnership led by Archstone has paid $47.5 million, or roughly $362,600/sf, for Carillon Heights, a 131-unit apartment complex in the Seattle suburb of Kirkland, Wash. The property, at 5604 Lakeview Drive, was purchased from a venture of...

Commercial Real Estate Direct Staff Report A venture of Mack-Cali Realty Corp. and Winthrop Realty Trust has paid $40 million, or 80 percent of face value, for a $50 million senior mezzanine loan against a portfolio of seven...

Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes Morgan Stanley...

Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes JPMorgan...

Equity Residential has negotiated an extension, to April 19, of a deadline by which it can make an offer for the remaining 26.5 percent stake in Archstone held by Bank of America and Barclays PLC. The Chicago apartment...

KBS Legacy Partners Apartment REIT Inc. has agreed to pay $65 million, or about $254,902/unit, for the 255-unit Residence at Waterstone apartment complex in Pikesville, Md. The complex was built in 2002 at 225 Galvariun Court. It is...

Greg McManus has been named chief operating officer of Rockwood Real Estate Advisors . He had joined Rockwood's parent, CW Financial Services, last year and most recently was managing director and head of Rockwood's capital markets group. McManus...

AmeriSphere Multifamily Finance has provided $40 million of financing under Fannie Mae's Delegated Underwriting and Servicing program for 100 West Chestnut St., a 280-unit apartment building in Chicago's Gold Coast. The 10-year loan, which amortizes over a 30-year...

LaSalle Investment Management has paid $147.5 million, or $581.45/sf, for two medical-office buildings in the San Diego area. The investment manager purchased the two buildings, 15004 Innovation Drive, with 150,801 sf in Rancho Bernardo, Calif., and 10243 Genetic...

PNC Bank has provided $22.5 million of financing for the Suniland Shopping Center, an 82,000-square-foot retail property in Pinecrest, Fla. The loan takes out a $10 million insurance company loan against the property, which its owner, an affiliate...

Commercial Real Estate Direct Staff Report Grubb & Ellis Co. has struck a deal to sell itself to BGC Partners Inc., a securities broker that last year had acquired Newmark Knight Frank. BGC, which brokers securities for the...

Hudson Realty Capital and RXR Realty have formed a venture to originate and buy commercial real estate debt. The venture will focus on bridge loans, B-notes, mezzanine debt and preferred-equity investments in transactions of between $10 million and...

Mesa West Capital has provided $41.2 million of mortgage financing for three shopping centers, in Scottsdale, Ariz., and Portland, Ore., that are owned by Karlin Real Estate. The collateral properties are Shea Scottsdale and Shea Scottsdale East, adjoining...

Commercial Real Estate Direct Staff Report A total of 1,170 interest-only loans with a balance of $16.7 billion that were securitized in 2007 start amortizing this year, according to analysis by Wells Fargo Securities. The investment bank warned...

A venture between Washington REIT and Trammel Crow Company will develop a 270-unit high-rise apartment complex in Old Town Alexandria, Va. The complex will be built on a one-acre parcel at 1219 First Street and is expected to...

Commercial Real Estate Direct Staff Report BlackRock Inc. has launched an exchange-traded fund that tracks investment-grade CMBS. It is one of seven ETFs that track specific segments of the fixed-income market that the investment manager launched this week....