Passco Cos. has paid $20 million for a 56,747-square-foot portion of Laveen Village Marketplace, a 197,689-sf retail property in Phoenix. The Irvine, Calif., firm, which generally invests on behalf of tenant-in-common investor groups, acquired the property from Weingarten...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnDBRSNewRatingDBRSOldRatingReason for Rating ActionCOMM, 2004-LNB21,172.11,686.0B24.4AAhighAADefeasance (19.4 percent of pool)---C10.7AAAAlow----D22.9AhighA-

BentleyForbes has paid $235 million for 350 and 450 Las Olas Centre, a 469,199-square-foot office complex in Fort Lauderdale, Fla.The Los Angeles real estate firm purchased the property from a venture between Colonial Properties Trust and a fund...

ING Clarion has paid $47 million for Lincoln Park III, a 202,990-square-foot office building in the Washington, D.C. suburb of Herndon, Va.The investment manager purchased the property from a venture between Lincoln Property Co. and Goldman Sachs, which...

A venture between Weingarten Realty and AFL-CIO Building Investment Trust has paid $150 million for three retail properties totaling 715,000 square feet.The AFL-CIO Trust invested through PNC Realty Investors.Weingarten will manage and lease the properties, which are in...

Commercial Real Estate Direct Staff ReportAIG Mortgage Capital has committed to lend $103.2 million for 415 Greenwich St., a former data center in Manhattan's TribeCa neighborhood that is being converted into residential condominiums.The financing is in the form...

KBS REIT has agreed to make a $21 million investment in the $42 million of mezzanine debt that is helping fund the conversion of the north building of Manhattan's One Madison Ave. complex into residential condominiums.The 41-story building,...

Commercial Real Estate Direct Staff ReportO'Connor Capital Partners and George Comfort & Sons have acquired a 620,000-square-foot office complex in Westchester County, N.Y., for about $165 million.Related Cos. sold the property, Centre at Purchase, which it developed between...

ProLogis is paying $1.85 billion for a portfolio of 114 industrial properties with 24.7 million square feet owned by DP Industrial, a venture capitalized by the California State Teachers Retirement System.The portfolio, with properties in Las Vegas and...

BentleyForbes has paid $235 million for 350 and 450 Las Olas Centre, a 469,199-square-foot office complex in Fort Lauderdale, Fla.The Los Angeles real estate firm purchased the property from a venture between Colonial Properties Trust and a fund...

ING Clarion has paid $47 million for Lincoln Park III, a 202,990-square-foot office building in the Washington, D.C. suburb of Herndon, Va.The investment manager purchased the property from a venture between Lincoln Property Co. and Goldman Sachs, which...

LaSalle Investment Management has paid $33.5 million for Village at Lee Branch, a 194,629-square-foot retail property in Birmingham, Ala.The investment manager bought the property from AIG Baker, which is headquartered in Birmingham. LaSalle was represented by Faris Lee...

Wells REIT II Inc. has paid $116 million for Pasadena Corporate Park, a three-building office complex with 265,000 square feet in Pasadena, Calif.The property, at 3453, 3455, 3465 and 3475 East Foothill Boulevard, was purchased from IndyMac Bancorp,...

A venture between Weingarten Realty and AFL-CIO Building Investment Trust has paid $150 million for three retail properties totaling 715,000 square feet.The AFL-CIO Trust invested through PNC Realty Investors.Weingarten will manage and lease the properties, which are in...

LaSalle Investment Management has paid $32 million for an 80,000-square-foot office building in Sunnyvale, Calif.A joint venture of McMorgan & Co., a pension fund advisor, and local developer South Bay Development sold the building, which sits on 5.9...

Commercial Real Estate Direct Staff ReportO'Connor Capital Partners and George Comfort & Sons have acquired a 620,000-square-foot office complex in Westchester County, N.Y., for about $165 million.Related Cos. sold the property, Centre at Purchase, which it developed between...

ProLogis is paying $1.85 billion for a portfolio of 114 industrial properties with 24.7 million square feet owned by DP Industrial, a venture capitalized by the California State Teachers Retirement System.The portfolio, with properties in Las Vegas and...

LaSalle Investment Management has paid $33.5 million for Village at Lee Branch, a 194,629-square-foot retail property in Birmingham, Ala.The investment manager bought the property from AIG Baker, which is headquartered in Birmingham. LaSalle was represented by Faris Lee...

Wells REIT II Inc. has paid $116 million for Pasadena Corporate Park, a three-building office complex with 265,000 square feet in Pasadena, Calif.The property, at 3453, 3455, 3465 and 3475 East Foothill Boulevard, was purchased from IndyMac Bancorp,...

LaSalle Investment Management has paid $32 million for an 80,000-square-foot office building in Sunnyvale, Calif.A joint venture of McMorgan & Co., a pension fund advisor, and local developer South Bay Development sold the building, which sits on 5.9...

Commercial Real Estate Direct Staff ReportAIG Mortgage Capital has committed to lend $103.2 million for 415 Greenwich St., a former data center in Manhattan's TribeCa neighborhood that is being converted into residential condominiums.The financing is in the form...

KBS REIT has agreed to make a $21 million investment in the $42 million of mezzanine debt that is helping fund the conversion of the north building of Manhattan's One Madison Ave. complex into residential condominiums.The 41-story building,...

RiverOak Investment Corp. has raised another $25 million of equity from a group of high net-worth investors for its latest value-add investment vehicle, RiverOak Fund IV.The Stamford, Conn., company, is led by Stephen DeNardo and George Yerrall. Both...

LEM Mezzanine has hired John Christen, a former senior vice-president with RAIT Financial Trust, as managing director to focus on loan originations.Christen will originate a variety of loan products, including mezzanine and bridge loans, B-notes and other structured...

GE Real Estate has provided $54.4 million of financing to KS Partners for its acquisition of a 10-building portfolio of office and industrial buildings in the Boston suburb of Braintree, Mass.KS, led by Kambiz Shahbazi, a former founder...