A venture led by Highwoods Properties Inc., has paid $40 million for Eola Park Centre, 167,000-square-foot office building in Orlando, Fla.The venture, dubbed DLF Highwoods, purchased the property from LaSalle Investment Management. Highwoods funded the acquisition with a...

Lexington Realty Trust is offering for sale a 108,400-square-foot office complex in the Philadelphia suburb of King of Prussia, Pa.The New York REIT has tapped the Philadelphia office of Grubb & Ellis to market the property, which consists...

A venture between Praedium Group, Centennial Real Estate Corp., and Westmount Realty Capital has paid $29.5 million for Dallas-area retail portfolios totaling 383,494 square feet. The venture picked up four former Albertsons grocery stores, which total 238,247 sf...

Madison Marquette has raised $487 million of equity commitments for an investment vehicle that would pursue retail properties that could be redeveloped.Investors in the fund, Madison Marquette Retail Enhancement Fund, include Pennsylvania State Employees Retirement System, School Employees...

Commercial Real Estate Direct Staff ReportThe Teachers' Retirement System of the State of Illinois has committed $250 million to three commingled real estate investment funds.The pension fund, which has $39.7 billion in assets, committed $100 million each to...

Shorenstein Properties is selling 500 W. Monroe St. in Chicago for $335 million to Broadway Real Estate Partners. The property is the last Chicago holding for Shorenstein, which late last year sold the John Hancock Center for $275 million...

LaSalle National Bank has provided $62 million of financing for a six-property office and industrial portfolio with 666,797 square feet. The loan, a five-year, fixed-rate mortgage that will be securitized, allowed Boulder Green to refinance acquisition debt on...

Capmark Finance Inc. has provided $37.9 million of financing for Congressional Gateway Center, a 350,000-square-foot office property at 6300 Sheriff Rd. in Landover, Md.The financing, with a three-year term, was provided to an affiliate of Preferred Real Estate...

Maguire Properties Inc. has agreed to sell three Orange County, Calif., office buildings with 813,000 square feet for $310 million.The Los Angeles REIT had purchased the former Equity Office Properties Trust properties as part of a 7.7 million-square-foot...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-1119.1030.003.39AAAAaaNAswapsA-1A725.1730.008.08AAAAaaNAswapsA-2682.3030.004.92AAAAaa+28swapsA-2FL500.0030.004.92AAAAaa+16LiborA-353.8030.007.03AAAAaa+34swapsA-AB140.8030.007.37AAAAaa+31swapsA-41,062.2430.009.72AAAAaa+31swapsA-5FL150.0030.009.88AAAAaa+22LiborA-M420.4920.009.88AAAAaa+38swapsA-MFL70.0020.009.88AAAAaa+28LiborA-J200.0012.009.92AAAAaa+46swapsA-JFL192.3912.009.92AAAAaa+36LiborB18.3911.6259.96AA+Aa1+50swapsC79.7010.009.96AAAa2+59swapsD55.188.8759.96AA-Aa3+67swapsE12.268.6259.96A+A1+72swapsF42.927.759.96AA2+80swapsG42.926.8759.96A-A3+90swapsH73.575.3759.96BBB+Baa1+160swapsJ49.054.3759.96BBBBaa2NAswapsK55.183.259.96BBB-Baa3NAswapsL18.392.875-BB+Ba1NATreasM12.262.625-BBBa2NATreasN24.522.125-BB-Ba3NATreasO12.261.875-B+B1NATreasP12.261.625-BB2NATreasQ18.391.250-B-B3NATreasS61.31--NRNRNATreasXW4,904.90*NA7.80AAAAaa+210Treas*Notional amount, interest onlyCollateral balance: $4,904.87 millionBookrunner(s): Morgan Stanley Lead Managers: Morgan Stanley, LaSalle Financial ServicesCo-managers: Goldman Sachs, RBS Greenwich Capital, Merrill Lynch, RBC Capital MarketsB-piece Buyer: Centerline REIT Inc.Master Servicer: Capmark Finance, Prudential Asset...

A venture between CIP Real Estate and an investment fund sponsored by Alex. Brown Realty Inc. has sold the Northridge Promenade, a 90,344-square-foot retail center in Northridge, Calif., for $22 million.The venture, represented by the Palmer Team, sold...

Westcore Properties LLC has paid $46.7 million for five office and R&D building in San Jose, Calif.  Westcore, of San Diego, bought the buildings from Eagle Ridge Partners of Minneapolis. The buildings, which total 430,000 square feet and...

Commercial Real Estate Direct Staff ReportBond buyers have become leery of investing in CMBS conduits, preferring to wait until Moody's Investors Service puts into effect a proposed change to its ratings model that will result in an increase...

Ronald J. Platisha, former executive vice president of finance for CB Richard Ellis Inc., has joined BH Properties as chief financial officer. As CFO, Platisha will oversee the financial management of BH, a Los Angeles investor with a...

Ashford Hospitality Trust Inc. has completed the $57.5 million sale of seven Towne Place Suites with 697 rooms.The portfolio is part of a package of properties that the Dallas company put on the sales block earlier this year...

ING Real Estate Finance has syndicated half of a $185 million mortgage that it had provided for 33 Arch Street, a recently-completed, 603,309-square-foot office building in downtown Boston.The lender had originated the loan more than two years ago,...

Madison Marquette has raised $487 million of equity commitments for an investment vehicle that would pursue retail properties that could be redeveloped.Investors in the fund, Madison Marquette Retail Enhancement Fund, include Pennsylvania State Employees Retirement System, School Employees...

LaSalle National Bank has provided $62 million of financing for a six-property office and industrial portfolio with 666,797 square feet. The loan, a five-year, fixed-rate mortgage that will be securitized, allowed Boulder Green to refinance acquisition debt on...

Commercial Real Estate Direct Staff ReportThe Teachers' Retirement System of the State of Illinois has committed $250 million to three commingled real estate investment funds.The pension fund, which has $39.7 billion in assets, committed $100 million each to...

Shorenstein Properties is selling 500 W. Monroe St. in Chicago for $335 million to Broadway Real Estate Partners. The property is the last Chicago holding for Shorenstein, which late last year sold the John Hancock Center for $275 million...

Maguire Properties Inc. has agreed to sell three Orange County, Calif., office buildings with 813,000 square feet for $310 million.The Los Angeles REIT had purchased the former Equity Office Properties Trust properties as part of a 7.7 million-square-foot...

Capmark Finance Inc. has provided $37.9 million of financing for Congressional Gateway Center, a 350,000-square-foot office property at 6300 Sheriff Rd. in Landover, Md.The financing, with a three-year term, was provided to an affiliate of Preferred Real Estate...

Commercial Real Estate Direct Staff ReportBond buyers have become leery of investing in CMBS conduits, preferring to wait until Moody's Investors Service puts into effect a proposed change to its ratings model that will result in an increase...

ING Real Estate Finance has syndicated half of a $185 million mortgage that it had provided for 33 Arch Street, a recently-completed, 603,309-square-foot office building in downtown Boston.The lender had originated the loan more than two years ago,...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-1119.1030.003.39AAAAaaNAswapsA-1A725.1730.008.08AAAAaaNAswapsA-2682.3030.004.92AAAAaa+28swapsA-2FL500.0030.004.92AAAAaa+16LiborA-353.8030.007.03AAAAaa+34swapsA-AB140.8030.007.37AAAAaa+31swapsA-41,062.2430.009.72AAAAaa+31swapsA-5FL150.0030.009.88AAAAaa+22LiborA-M420.4920.009.88AAAAaa+38swapsA-MFL70.0020.009.88AAAAaa+28LiborA-J200.0012.009.92AAAAaa+46swapsA-JFL192.3912.009.92AAAAaa+36LiborB18.3911.6259.96AA+Aa1+50swapsC79.7010.009.96AAAa2+59swapsD55.188.8759.96AA-Aa3+67swapsE12.268.6259.96A+A1+72swapsF42.927.759.96AA2+80swapsG42.926.8759.96A-A3+90swapsH73.575.3759.96BBB+Baa1+160swapsJ49.054.3759.96BBBBaa2NAswapsK55.183.259.96BBB-Baa3NAswapsL18.392.875-BB+Ba1NATreasM12.262.625-BBBa2NATreasN24.522.125-BB-Ba3NATreasO12.261.875-B+B1NATreasP12.261.625-BB2NATreasQ18.391.250-B-B3NATreasS61.31--NRNRNATreasXW4,904.90*NA7.80AAAAaa+210Treas*Notional amount, interest onlyCollateral balance: $4,904.87 millionBookrunner(s): Morgan Stanley Lead Managers: Morgan Stanley, LaSalle Financial ServicesCo-managers: Goldman Sachs, RBS Greenwich Capital, Merrill Lynch, RBC Capital MarketsB-piece Buyer: Centerline REIT Inc.Master Servicer: Capmark Finance, Prudential Asset...