The Hearn Co. has agreed to pay $112 million for 1830 Von Karman, a 230,605-square-foot office building in Irvine, Calif. The Chicago firm is purchasing the property from Maguire Properties Inc. of Los Angeles. The purchase price translates...

Commercial Real Estate Direct Staff Report BB&T will double its commercial mortgage servicing portfolio to $20 billion with its pending acquisition of Collateral Real Estate Capital.The acquisition will also expand BB&T, a Southeast regional bank, into Fannie Mae's...

Habitat Co. is offering for sale Columbus Plaza, a 533-unit apartment building in downtown Chicago.The Chicago developer has tapped HFF Inc. to market the 48-story building. It is hitting the market without an asking price, but expected to...

First Financial Network of Oklahoma City is offering a $200 million portfolio for a bank client, with bids due on Aug. 28. The Aug. 17 story, "Secondary Mortgage Market Blossoms with Offerings," incorrectly stated when the bids were...

An investment group has paid $10 million for Fairmount Place, a 77,203-square-foot office building in Phoenix. The Seattle group, which operates as Fairmount Office LLC, purchased the property from KBS Realty Advisors of Newport Beach, Calif.CB Richard Ellis...

AmTrust Realty Corp. has paid about $90 million for a portfolio of office properties totaling roughly 1.4 million square feet.The New York investment firm purchased the two-building portfolio from RVI Group, which marketed the properties through CB Richard...

Crown West Realty has paid $17.4 million for 501 S. Cherry St., a 155,717-square-foot office building in the Denver suburb of Glendale, Colo. The Spokane, Wash., firm purchased the 11-story building from CMD Realty Investors, a Chicago firm,...

An investment group has paid $10 million for Fairmount Place, a 77,203-square-foot office building in Phoenix. The Seattle group, which operates as Fairmount Office LLC, purchased the property from KBS Realty Advisors of Newport Beach, Calif.CB Richard Ellis...

Crown West Realty has paid $17.4 million for 501 S. Cherry St., a 155,717-square-foot office building in the Denver suburb of Glendale, Colo. The Spokane, Wash., firm purchased the 11-story building from CMD Realty Investors, a Chicago firm,...

Ernst & Young LLP have appointed Kevin J. Brennan manager of its Transaction Real Estate practice at its New York office. Brennan joins Ernst & Young after serving as a senior executive vice president at Carlton Advisory Services...

Lakha Properties has paid $37.3 million for Desert Springs Marketplace, a 105,157-square-foot retail property in Palm Desert, Calif.The Bellevue, Wash., firm purchased the property from Sanderson J. Ray, an Irvine, Calif., investor. The seller marketed the property through...

A venture between Hersha Hospitality Trust and Waterford Hospitality Group has lined up $43 million of financing for the 285-room Mystic Marriott Hotel & Spa in Groton, Conn.The venture received the financing from Capmark Finance Inc. of Horsham,...

An affiliate of WexTrust Capital has acquired the Pinecrest Shopping Center, a 102,504-square-foot retail building in the Milwaukee suburb of Burlington, Wis.The affiliate, S. Pine Street Investors, purchased the property from an undisclosed seller. A purchase price was...

AVR Realty has lined up $28 million of acquisition financing for its purchase of the 236-room Embassy Suites Denver Tech Center in Denver.The Yonkers, N.Y., firm received the mortgage from Capmark Finance Inc., a Horsham, Pa., lender. Terms...

CB Richard Ellis Investors has named W. Cabell Grayson senior managing director of its global investor services group. Grayson will work out of CB's Washington, D.C., office, where he will be in charge of building and maintaining relationships...

Colonnade Properties has purchased Phillips Point, a 423,806-square-foot office complex in West Palm Beach, Fla.The New York firm purchased the property from The Winter Organization, which marketed the complex through the Miami office of HFF Inc.A purchase price...

Hines is developing a 1 million-square-foot office tower in downtown Houston. The property, MainPlace, will be a 46-story building at 811 Main St. The Houston firm is planning to develop the property through its fund with California Public...

Ernst & Young LLP have appointed Kevin J. Brennan manager of its Transaction Real Estate practice at its New York office. Brennan joins Ernst & Young after serving as a senior executive vice president at Carlton Advisory Services...

Lakha Properties has paid $37.3 million for Desert Springs Marketplace, a 105,157-square-foot retail property in Palm Desert, Calif.The Bellevue, Wash., firm purchased the property from Sanderson J. Ray, an Irvine, Calif., investor. The seller marketed the property through...

A venture between Hersha Hospitality Trust and Waterford Hospitality Group has lined up $43 million of financing for the 285-room Mystic Marriott Hotel & Spa in Groton, Conn.The venture received the financing from Capmark Finance Inc. of Horsham,...

An affiliate of WexTrust Capital has acquired the Pinecrest Shopping Center, a 102,504-square-foot retail building in the Milwaukee suburb of Burlington, Wis.The affiliate, S. Pine Street Investors, purchased the property from an undisclosed seller. A purchase price was...

AVR Realty has lined up $28 million of acquisition financing for its purchase of the 236-room Embassy Suites Denver Tech Center in Denver.The Yonkers, N.Y., firm received the mortgage from Capmark Finance Inc., a Horsham, Pa., lender. Terms...

Colonnade Properties has purchased Phillips Point, a 423,806-square-foot office complex in West Palm Beach, Fla.The New York firm purchased the property from The Winter Organization, which marketed the complex through the Miami office of HFF Inc.A purchase price...

Hines is developing a 1 million-square-foot office tower in downtown Houston. The property, MainPlace, will be a 46-story building at 811 Main St. The Houston firm is planning to develop the property through its fund with California Public...

CB Richard Ellis Investors has named W. Cabell Grayson senior managing director of its global investor services group. Grayson will work out of CB's Washington, D.C., office, where he will be in charge of building and maintaining relationships...