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...

ScanlanKemperBard Cos. has paid $94.7 million for the Giftcenter and Jewelrymart, a 388,234-square-foot retail property in San Francisco. The Portland, Ore., firm purchased the two-building complex from Pacific Union Development, which had owned it since 1976. A separate...

Commercial Real Estate Direct Staff ReportSomerset Partners has acquired 450 Park Ave. in New York City for about $510 million, or $1,589/sf, a record high for U.S. real estate. As reported by the Wall Street Journal, Somerset, the...

DLJ Real Estate Partners has paid $150.5 million for a portfolio of six hotels with 1,157 rooms from Sunstone Hotel Investors Inc.The six hotels were categorized as non-core by Sunstone, a San Clemente, Calif., REIT. Two of the...

A venture led by KBS Realty Advisors has sold 130 Prince St., an 86,000-square-foot mixed-use property in Manhattan's SoHo area, for $112 million.The fully-leased building was sold to an affiliate of Waterman Interests of New York.KBS and partner...

Ventas Inc. has sold 21 skilled-nursing facilities and a long-term acute care hospital to Kindred Healthcare Inc. for $171.5 million.Kindred, a Louisville, Ky., operator of nursing centers, hospitals and institutional pharmacies, had been leasing the properties from Ventas,...

A venture between Stillman Development International and Antonio Development has lined up $104 million of financing for The Centurion, a 48-unit residential property in New York.The venture received the financing from Corus Bank of Chicago.The Centurion will total...

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...

By John Covaleski, Commercial Real Estate Direct Staff Writer A group involving Michael R. Walker, retired chief operating officer of Citibank Commercial Real Estate Group, is looking to raise up to $100 million for value-add investments.The recently-formed group,...

Phillips Edison & Co. is paying Developers Diversified Realty Corp. $603 million for 63 shopping centers with 5.7 million square feet.The Cincinnati company has completed the purchase of 52 properties with 4.13 million sf, paying $449 million, and...

Broadreach Capital Partners has paid $100.7 million for two San Francisco office buildings totaling 413,230 square feet.The Palo Alto, Calif., real estate firm purchased the properties in separate transactions. It paid Bay Pacific Corp. $58 million for the...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterZeller Realty is offering for sale Meridian Mark I & II, a 385,000-square-foot office complex in the Indianapolis suburb of Carmel, Ind.The Chicago real estate firm has tapped CB Richard...

Commercial Real Estate Direct Staff ReportWeingarten Realty Investors has acquired a 97,207-square-foot retail center in suburban Portland, Ore., for $16 million.The Houston REIT bought the property, Oak Grove Market Center in Milwaukie, Ore., from a pension fund represented...

SL Green Realty Corp. has paid $147.6 million for a 45 percent equity interest in the venture that owns One Madison Ave. in New York City, giving it full ownership of the 1.2 million-square-foot office building.The New York...

ScanlanKemperBard Cos. has paid $94.7 million for the Giftcenter and Jewelrymart, a 388,234-square-foot retail property in San Francisco. The Portland, Ore., firm purchased the two-building complex from Pacific Union Development, which had owned it since 1976. A separate...

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...

Phillips Edison & Co. is paying Developers Diversified Realty Corp. $603 million for 63 shopping centers with 5.7 million square feet.The Cincinnati company has completed the purchase of 52 properties with 4.13 million sf, paying $449 million, and...

Broadreach Capital Partners has paid $100.7 million for two San Francisco office buildings totaling 413,230 square feet.The Palo Alto, Calif., real estate firm purchased the properties in separate transactions. It paid Bay Pacific Corp. $58 million for the...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterZeller Realty is offering for sale Meridian Mark I & II, a 385,000-square-foot office complex in the Indianapolis suburb of Carmel, Ind.The Chicago real estate firm has tapped CB Richard...

Commercial Real Estate Direct Staff ReportSomerset Partners has acquired 450 Park Ave. in New York City for about $510 million, or $1,589/sf, a record high for U.S. real estate. As reported by the Wall Street Journal, Somerset, the...

SL Green Realty Corp. has paid $147.6 million for a 45 percent equity interest in the venture that owns One Madison Ave. in New York City, giving it full ownership of the 1.2 million-square-foot office building.The New York...

A venture led by KBS Realty Advisors has sold 130 Prince St., an 86,000-square-foot mixed-use property in Manhattan's SoHo area, for $112 million.The fully-leased building was sold to an affiliate of Waterman Interests of New York.KBS and partner...