Cogdell Spencer Inc. has paid $24.8 million for Summit Professional Plaza I and II, a pair of office properties with 97,472 square feet in Brunswick, Ga.The property is 98 percent leased, with the Southeast Georgia Health System occupying...

Cushman & Wakefield has purchased Northstar Partners, a Minneapolis commercial real broker.Northstar, which was founded in 2002 by Minneapolis real estate brokers Terry Kingston and Clint Miller, was previously a member of the Cushman & Wakefield Alliance, an...

Ventas Inc., a Louisville, Ky., REIT that specializes in the seniors housing sector, has named James Solari managing director of acquisitions. Solari joins Ventas from Houlihan Lokey Howard & Zukin, where he was director of the healthcare finance...

Commercial Real Estate Direct Staff ReportThe volume of delinquent CMBS loans increased in July to $2.35 billion from $2.27 billion, reflecting a sharp increase in loans that are 30 days past due.According to Realpoint, $608.6 million of securitized...

A residential/retail building on Manhattan's Lower East Side is available for sale at a $15 million asking price. Marcus & Millichap is marketing the property at 157-159 Suffolk St. for its owner, Muriel Reilly. The brokerage is pitching...

Transwestern Investment Co. has paid roughly $100 million for 919 Milam, a 545,919-square-foot office building in Houston.The Chicago firm acquired the property from National Office Partners, a venture between Hines of Houston and the California Public Employees Retirement...

Digital Realty Trust Inc. has purchased another St. Louis property, paying $27.7 million for One Savvis Parkway.The San Francisco REIT had previously purchased two other St. Louis datacenters - 900 Walnut St., with 110,000 square feet, and 210...

A venture between Goldman Sachs Capital Partners and Madrone Capital Partners, an affiliate of the Walton family, has agreed to invest $1 billion for an undisclosed minority interest in the Global Hyatt Corp.The sale of a stake in...

Ventas Inc., a Louisville, Ky., REIT that specializes in the seniors housing sector, has named James Solari managing director of acquisitions. Solari joins Ventas from Houlihan Lokey Howard & Zukin, where he was director of the healthcare finance...

Hines has completed its $120 million acquisition of 101 N. Wacker, a 600,000-square-foot office building in Chicago's West Loop.The Houston firm purchased the building on behalf of its U.S. Office Value Added Fund II from Tishman Speyer, which...

Digital Realty Trust Inc. has paid $53 million for a pair of datacenters with a combined 310,000 square feet in St. Louis.The two buildings are 900 Walnut St., with 110,000 sf that is fully leased, and 210 Tucker...

Hines has completed its $120 million acquisition of 101 N. Wacker, a 600,000-square-foot office building in Chicago's West Loop.The Houston firm purchased the building on behalf of its U.S. Office Value Added Fund II from Tishman Speyer, which...

Cia Buckley, the head of the United States fund business of JER Partners, has joined Dune Capital Management as managing director and principal.She was also named partner of Dune Real Estate Partners, which is investing a $727 million fund...

Citigroup has provided $35.6 million of permanent financing for a 1,500-space parking garage next to the T.F. Green International Airport in Warwick, R.I.The 10-year loan was provided to New England Parking Co., which used it to refinance the...

The venture led by KBS REIT that is paying $515.9 million for a portfolio of 24 industrial properties has lined up $413 million of financing for the acquisition.KBS, a non-traded REIT managed by KBS Realty Advisors of Newport...

Digital Realty Trust Inc. has paid $53 million for a pair of datacenters with a combined 310,000 square feet in St. Louis.The two buildings are 900 Walnut St., with 110,000 sf that is fully leased, and 210 Tucker...

Cia Buckley, the head of the United States fund business of JER Partners, has joined Dune Capital Management as managing director and principal.She was also named partner of Dune Real Estate Partners, which is investing a $727 million fund...

Citigroup has provided $35.6 million of permanent financing for a 1,500-space parking garage next to the T.F. Green International Airport in Warwick, R.I.The 10-year loan was provided to New England Parking Co., which used it to refinance the...

The venture led by KBS REIT that is paying $515.9 million for a portfolio of 24 industrial properties has lined up $413 million of financing for the acquisition.KBS, a non-traded REIT managed by KBS Realty Advisors of Newport...

An affiliate of Behringer Harvard has agreed to pay $73 million for a portfolio of three Houston office buildings with a combined 579,000 square feet.The Dallas investment manager is buying the properties through its Behringer Harvard Opportunity REIT...

Commercial Real Estate Direct Staff ReportAfter more than a month of steady widening, spreads on AAA-rated CMBS have firmed substantially.A near deluge of transactions late last week notwithstanding, spreads on super-senior AAA bond classes tightened to 57-59 basis...

ScanlanKemperBard Cos. has paid $61.5 million for two office properties totaling 166,861 square feet in suburban San Francisco.The Portland, Ore., real estate firm purchased the 43,661-sf Berkeley Tower in downtown Berkeley, Calif., and the 123,200-sf Jackson Center I...

KBS REIT has agreed to pay $33.1 million for ADP Plaza, a 180,772-square-foot office building in Portland, Ore.The non-traded REIT, which is managed by KBS Realty Advisors, a Newport Beach, Calif., investment manager, is buying the four-story building...

Commercial Real Estate Direct Staff ReportReturns from institutional investors' commercial property holdings increased in the second quarter to 4.59 percent, up 97 basis points from the preceding quarter. Meanwhile, cap rates, or initial yields, on the holdings dropped...

Bascom Group has paid $15.8 million for Harbor Terrace, a 100-unit apartment complex in Santa Ana, Calif.The Irvine, Calif., investor purchased the property from a private group operating as Donbev Prop II LTD, which marketed it through Marcus...