Triple Net Properties has purchased the Retreat at Stonecrest, a 276-unit apartment complex in the Atlanta suburb of Lithonia, Ga.The Santa Ana, Calif., real estate firm is purchasing the property on behalf of a group of tenant-in-common investors...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnDBRSNewRatingDBRSOldRatingReason for Rating ActionBear Stearns Commercial Mortgage Securities Inc., 2004-ESA665.52,050.0F43.0AAAAAhighDefeasance (100 percent)---G43.0AAAAA----H40.0AAAAAlow----J67.0AAAA- 

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionGMAC Commercial Mortgage Securities Inc., 2002-C1643.9710.1E8.9AA+AAIncreased subordination; defeasance (32 percent of pool.)---F12.4AAA+----G10.7A+A-----H8.9ABBB+----J14.2BBB+BBB----K12.4BBB-BB+----L5.3BB+BB----M5.3BBBB-----N8.0B+B----O3.6BB-- 

A private venture is offering for sale 3358 N. Cicero St., a 3.83-acre development parcel in Chicago's Portage Park neighborhood.Marcus & Millichap's Chicago office is listing the parcel, which has an asking price of $21.8 million. The parcel...

American Realty Advisors has promoted Daniel Robinson to managing director of its finance/investment consulting department. Robinson will provide consulting services to pension plans around the country, serving as a qualified professional asset manager. He will lead a consulting...

GE Pension Trust has completed its $200 million acquisition of Pacific Center, a 438,960-square-foot office property in Mission Valley, Calif.The pension trust is buying the two-building complex from Maguire Properties, which marketed it through Eastdil Secured.Pacific Center, which...

Stiles Capital Partners has paid $24 million for Southpoint Executive Center, a 137,000-square-foot office building in Maitland, Fla.The Ft. Lauderdale, Fla., real estate firm purchased the property from Younan Properties Inc. of Los Angeles. Younan marketed the building,...

Phillips Edison & Co. has purchased Powell Villa, a 61,908-square-foot retail property in Portland, Ore.A purchase price was not disclosed, but retail properties in Portland are trading for $165/sf, according to data from Real Capital Analytics. That would...

The Blackstone Group has agreed to pay $26 billion for Hilton Hotels Corp., the second largest hotel chain in the country.Blackstone will pay $47.50 for each share of Hilton common stock and assume $6 billion of debt. The...

Frank Petz has joined the Boston office of Eastdil Secured as managing director. He will join James McCaffrey and Peter Joseph, who launched the Boston office of the real estate brokerage firm earlier this year. Petz joins Eastdil...

The Paramount Group has purchased the Waterview, a 634,000-square-foot office building under construction in Rossyln, Va. A sales price was not disclosed, but the property was said to have traded for around $425 million. The New York real...

Commercial Real Estate Direct Staff ReportCarlyle Group is positioned to take out considerable mortgage debt to fund its $6.3 billion purchase of Manor Care Inc.Earlier this week, the board of Manor Care accepted Carlyle's takeover offer bid of...

Stiles Capital Partners has paid $24 million for Southpoint Executive Center, a 137,000-square-foot office building in Maitland, Fla.The Ft. Lauderdale, Fla., real estate firm purchased the property from Younan Properties Inc. of Los Angeles. Younan marketed the building,...

GE Pension Trust has completed its $200 million acquisition of Pacific Center, a 438,960-square-foot office property in Mission Valley, Calif.The pension trust is buying the two-building complex from Maguire Properties, which marketed it through Eastdil Secured.Pacific Center, which...

Phillips Edison & Co. has purchased Powell Villa, a 61,908-square-foot retail property in Portland, Ore.A purchase price was not disclosed, but retail properties in Portland are trading for $165/sf, according to data from Real Capital Analytics. That would...

The Paramount Group has purchased the Waterview, a 634,000-square-foot office building under construction in Rossyln, Va. A sales price was not disclosed, but the property was said to have traded for around $425 million. The New York real...

Frank Petz has joined the Boston office of Eastdil Secured as managing director. He will join James McCaffrey and Peter Joseph, who launched the Boston office of the real estate brokerage firm earlier this year. Petz joins Eastdil...

The Blackstone Group has agreed to pay $26 billion for Hilton Hotels Corp., the second largest hotel chain in the country.Blackstone will pay $47.50 for each share of Hilton common stock and assume $6 billion of debt. The...

Commercial Real Estate Direct Staff ReportCarlyle Group is positioned to take out considerable mortgage debt to fund its $6.3 billion purchase of Manor Care Inc.Earlier this week, the board of Manor Care accepted Carlyle's takeover offer bid of...

Triple Net Properties has purchased Century Hills, a 200-unit apartment complex in Augusta, Ga. The Santa Ana, Calif., real estate firm purchased the complex on behalf of tenant-in-common investors from Centennial Investment Properties. Centennial, an Atlanta multifamily firm,...

A venture between Sterling American Property Inc. and Westdale Asset Management has paid $156 million for two suburban Los Angeles apartment buildings totaling 924 units.The venture purchased the properties from ScanlanKemperBard Cos. of Portland, Ore.The properties are Waterstone...

Triple Net Properties has purchased Century Hills, a 200-unit apartment complex in Augusta, Ga. The Santa Ana, Calif., real estate firm purchased the complex on behalf of tenant-in-common investors from Centennial Investment Properties. Centennial, an Atlanta multifamily firm,...

A venture between Sterling American Property Inc. and Westdale Asset Management has paid $156 million for two suburban Los Angeles apartment buildings totaling 924 units.The venture purchased the properties from ScanlanKemperBard Cos. of Portland, Ore.The properties are Waterstone...

Parkway Properties Inc. has sold two Knoxville, Tenn., office properties with 549,000 square feet for $59 million.The Jackson, Miss., firm did not identify the properties' buyer, but said the sales price amounted to a 7.7 percent capitalization rate,...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterCrown Properties Inc. is offering for sale First Indiana Plaza, a 425,000-square-foot office building in downtown Indianapolis.The New York real estate firm has tapped CB Richard Ellis' Indianapolis office to...