SCI Investments has purchased a 1,021-unit portfolio of student housing properties located throughout the country.The Los Angeles firm purchased the property on behalf of tenant-in-common investors from GMH Communities Trust of Newtown Square, Pa., which marketed the portfolio...

Levine Investments is paying $88 million for the 250,000-square-foot office portion of the Promenade Corporate Center, a 1 million-sf mixed-use complex in North Scottsdale, Ariz. The Phoenix firm acquired the space from The Pederson Group, a Phoenix developer,...

Triple Net Properties has acquired 8555 University Place, a 315,000-square-foot office building in St. Louis.The Santa Ana, Calif., firm purchased the three-story building on behalf of tenant-in-common investors from Northpark Partners ESA, a St. Louis venture consisting of...

Heitman LLC has raised $800 million of equity commitments for its latest value-add investment vehicle, Heitman Value Partners II.The capital was raised from 20 institutional clients and could be leveraged into more than $2.4 billion of investments. Heitman,...

The Concannon Co. is seeking a joint venture equity partner for The Gallery, a 305,222-square-foot mixed-use development in Ann Arbor, Mich.The Ann Arbor development firm has tapped Marcus & Millichap to seek a partner to pay $67 million,...

UrbanAmerica LP has sold seven office and retail properties with 331,000 square feet in the Washington, D.C., area for $48.5 million.The properties were sold to a local investor group operating as Urban Retail Investors LLC. They are: 3907...

AIG Global Investment Group has provided $17.8 million to finance Towngate III and IV, a two-building office development with 106,400 square feet in Alexandria, Va.ELV Associates Inc. of Boston received the 10-year, fixed-rate financing, which was arranged by...

A venture led by Thomas Properties Group Inc. has completed its $1.15 billion acquisition of a portfolio of 10 office properties with 3.5 million square feet in the Austin, Texas, area from Blackstone Real Estate Advisors. The properties...

Bascom Group has paid $48 million for the Dunwoody Club, a 532-unit apartment complex in Atlanta.The Irvine, Calif., firm purchased the complex from Place Properties of Atlanta, which marketed the property through CB Richard Ellis.Bascom plans to renovate...

New York Community Bancorp Inc. has agreed to sell 960 Ave. of the Americas, a 99,000-square-foot office building in Manhattan's Herald Square neighborhood, for $105 million.The lender took over the property last year when it acquired Atlantic Bank...

Morgan Stanley Mortgage Capital Inc. has provided $29 million of acquisition financing for Uptown Shopping Center, a 72,260-square-foot retail development, and the adjacent Uptown Apartments, a 47-unit complex, both in Portland, Ore.Atlas Investing, a Boston retail developer, received...

CIM Group has purchased two hotel properties in downtown Oakland totaling 646 rooms. The Los Angeles hospitality firm is purchasing the properties, the 484-room Oakland City Center Marriott and a 162-room Courtyard Oakland Downtown, from a joint venture...

Kenmore Group LLC has paid $17.5 million for Malibu Vista, 30,742-square-foot office building in Malibu, Calif.The Santa Monica, Calif., investment firm purchased the property from Malibu Vista Partners of Beverly Hills, Calif., which was represented by Sperry Van...

Levine Investments is paying $88 million for the 250,000-square-foot office portion of the Promenade Corporate Center, a 1 million-sf mixed-use complex in North Scottsdale, Ariz. The Phoenix firm acquired the space from The Pederson Group, a Phoenix developer,...

SL Green Realty Corp. has paid $38 million for 1010 Washington Blvd., a 143,400-square-foot office building in Stamford, Conn.The two-building property was purchased from BPG Properties Ltd. It sits across from 1055 Washington, a 181,800-sf building that Green...

Principal Real Estate Investors has raised $225 million of equity for a value-add fund that would invest in a variety of real estate debt.Principal Life Insurance Co., an affiliate of the Des Moines, Iowa, investment manager, committed 10...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterThe buzz is that Sun Microsystems has found a buyer for its 805,000-square-foot office and industrial complex in the Boston suburb of Burlington, Mass.The property is said to be selling...

GE Real Estate has provided $69.5 million of fixed-rate financing to Atherton-Newport, allowing the Irvine, Calif., investor to refinance five apartment properties with 791 units it owns in the Seattle area.The financing was originated under GE's flexible fixed-rate...

Brickman Associates has agreed to pay about $40 million for 40 Court St., a 115,069-square-foot office building in downtown Boston.The New York investment firm is buying the 12-story building from a joint venture between Paradigm Properties and the...

Regency Centers Corp. last week priced $400 million of unsecured notes through underwriters led by JPMorgan Securities and Wachovia Securities. The notes, which pay a coupon of 5.875 percent and mature June 15, 2017, were priced at 99.527...

Maguire Partners is offering for sale a stake in its 900-acre Solana mixed-use project in Dallas.The Los Angeles firm has tapped HFF Inc. to explore the sale of a partnership interest to an institutional investor. The partner will...

Cushman & Wakefield has hired Chris Strain as executive director and managing broker of the company's newly-opened Sacramento, Calif., office. A 20-year veteran of commercial real estate, Strain was the co-founder of C. Strain Corporate Real Estate, which...

Feldman Mall Properties Inc., which owns seven regional malls with 7 million square feet, is exploring strategic alternatives, which could result in the sale of the Great Neck, N.Y., REIT.The company, run by developer Larry Feldman, went public...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterThe buzz is that Sun Microsystems has found a buyer for its 805,000-square-foot office and industrial complex in the Boston suburb of Burlington, Mass.The property is said to be selling...

Reebok is offering for sale a 329,000-square-foot distribution center in the Boston suburb of Stoughton, Mass.The British sneaker manufacturer is seeking to consolidate its space since being acquired by Adidas last fall. It has tapped the Boston office...