Jordan J. Metzger, formerly of Herrick Feinstein, has joined Akin Gump Strauss Hauer & Feld as partner in its real estate and finance practice in New York.Metzger's focus will be on representing owners and developers of investment properties...

Commercial Real Estate Direct Staff ReportA venture between USAA Real Estate Co. and Lewis D. Freidland has raised $410 million for an industrial property investment fund.The fund, Cobalt Industrial REIT II, is pursuing light industrial property, including development...

Freddie Mac has provided $200 million of financing for Abacus Capital Group, allowing the New York investment manager to fund the acquisition of apartment properties. Abacus, founded three years ago by Benjamin Friedman, Gregory Lyden and Kyle Ellis,...

Commercial Real Estate Direct Staff ReportA venture between USAA Real Estate Co. and Lewis D. Freidland has raised $410 million for an industrial property investment fund.The fund, Cobalt Industrial REIT II, is pursuing light industrial property, including development...

Commercial Real Estate Direct Staff ReportAssociated Estates Realty Corp. has placed its entire affordable housing portfolio, comprised of 12 Ohio properties with 1,254 units, on the sales block.The Cleveland REIT said it expected to sell the properties within...

Commercial Real Estate Direct Staff ReportCarr Properties has acquired the 94,170-square-foot Cox Communications office building in Herndon, Va., from Falcon Real Estate Investment Co. The property, at 3080 Centerville Road near Route 28 and the Dulles Toll Road,...

Commercial Real Estate Direct Staff ReportAssociated Estates Realty Corp. has placed its entire affordable housing portfolio, comprised of 12 Ohio properties with 1,254 units, on the sales block.The Cleveland REIT said it expected to sell the properties within...

Commercial Real Estate Direct Staff ReportCarr Properties has acquired the 94,170-square-foot Cox Communications office building in Herndon, Va., from Falcon Real Estate Investment Co. The property, at 3080 Centerville Road near Route 28 and the Dulles Toll Road,...

Freddie Mac has provided $200 million of financing for Abacus Capital Group, allowing the New York investment manager to fund the acquisition of apartment properties. Abacus, founded three years ago by Benjamin Friedman, Gregory Lyden and Kyle Ellis,...

Benjamin S. Nummy, a former senior executive with Morgan Stanley's real estate group, has joined Equibase Capital Group as managing principal.Nummy was also made a member of Equibase's management and investment committees. He will help identify potential investments,...

Bixby Land Co. has paid $85 million for Airport Technology Park, a 300,000-square-foot office/research and development complex in Santa Clara, Calif.The Newport Beach, Calif., developer purchased the property from Westbrook Real Estate Partners.The property, on 17 acres at...

An affiliate of Triple Net Properties has paid $26.7 million for 2750 Monroe Blvd., a 106,000-square-foot medical office building in Valley Forge, Pa.The affiliate, NNN Healthcare/Office REIT, purchased the property from Lexington Realty Trust, which marketed it through...

Pembrook Capital Management has provided $16.5 million of bridge financing for the Courtyard by Marriott in Fairfield, Calif.The 137-room hotel was acquired by Embassy Investments of Daytona Beach, Fla., which invested some $7 million on upgrades since buying...

Retailer Don Quijote (USA) has paid $45.5 million for the land beneath a 176,000-square-foot retail property it occupies at 801 Kaheka St. in Honolulu from an affiliate of Alexander & Baldwin Inc.The Tokyo retailer owns the improvements on...

Commercial Real Estate Direct Staff ReportChartwell Seniors Housing REIT has said it is not in discussions with any third parties regarding its possible sale. The Canadian REIT announced last month that it had provided company information under confidentiality agreements...

Bixby Land Co. has paid $85 million for Airport Technology Park, a 300,000-square-foot office/research and development complex in Santa Clara, Calif.The Newport Beach, Calif., developer purchased the property from Westbrook Real Estate Partners.The property, on 17 acres at...

An affiliate of Behringer Harvard has completed its $73 million acquisition of three Houston office properties totaling 579,000 square feet.The affiliate, Behringer Harvard REIT I, purchased the properties from CMD Realty Investment IV, a fund sponsored by CMD...

Pembrook Capital Management has provided $16.5 million of bridge financing for the Courtyard by Marriott in Fairfield, Calif.The 137-room hotel was acquired by Embassy Investments of Daytona Beach, Fla., which invested some $7 million on upgrades since buying...

Benjamin S. Nummy, a former senior executive with Morgan Stanley's real estate group, has joined Equibase Capital Group as managing principal.Nummy was also made a member of Equibase's management and investment committees. He will help identify potential investments,...

Retailer Don Quijote (USA) has paid $45.5 million for the land beneath a 176,000-square-foot retail property it occupies at 801 Kaheka St. in Honolulu from an affiliate of Alexander & Baldwin Inc.The Tokyo retailer owns the improvements on...

Commercial Real Estate Direct Staff ReportChartwell Seniors Housing REIT has said it is not in discussions with any third parties regarding its possible sale. The Canadian REIT announced last month that it had provided company information under confidentiality agreements...

An affiliate of Triple Net Properties has paid $26.7 million for 2750 Monroe Blvd., a 106,000-square-foot medical office building in Valley Forge, Pa.The affiliate, NNN Healthcare/Office REIT, purchased the property from Lexington Realty Trust, which marketed it through...

An affiliate of Behringer Harvard has completed its $73 million acquisition of three Houston office properties totaling 579,000 square feet.The affiliate, Behringer Harvard REIT I, purchased the properties from CMD Realty Investment IV, a fund sponsored by CMD...

Standard & Poor's has downgraded 46 classes of collateralized debt obligations backed by trust preferred shares because of the "weakening credit quality" of the mortgage REITS that issued the TruPS.The 46 classes are from nine CDO transactions. The...

Toibb Enterprises has place Warm Springs Plaza, a 75,964-square-foot shopping center in Las Vegas, on the sales block. The Woodland Hills, Calif., firm is listing the property through Hanley Investment Group Real Estate Advisors of Irvine, Calif., with...