A venture led by ING Clarion Partners has paid $28 million for the Valley Parkway Health Center, a 70,000-square-foot medical office building in San Diego's Escondido area.The venture, with Montecito Medical Co., was formed earlier this year to...

BPG Properties Ltd. has paid $57.75 million for Financial Plaza, a 310,000-square-foot office building in Mesa, Ariz.The 16-story property, at Alma School Road and Southern Ave. in suburban Phoenix, was purchased from Crescent Real Estate Equities, which had...

Allstate Real Estate Investment Group has provided $25 million of financing for the expansion of Town and Country Village, a mixed-use property in Houston.Allstate now has a total of $77 million on the property, which is owned by...

A venture between Veralliance Properties and Prudential Real Estate Investors has paid $72 million for Campus Point Technology Center, a 424,345-square-foot industrial property in the University Towne Center area of San Diego.The property, at 10300 Campus Point Dr.,...

BPG Properties Ltd. has raised $850 million of investor commitments for its latest investment vehicle, BPG Investment Partnership VIII.The fund is the largest ever raised by BPG, a Philadelphia investment manager that has raised more than $2.8 billion...

BPG Properties Ltd. has paid $57.75 million for Financial Plaza, a 310,000-square-foot office building in Mesa, Ariz.The 16-story property, at Alma School Road and Southern Ave. in suburban Phoenix, was purchased from Crescent Real Estate Equities, which had...

Commercial Real Estate Direct Staff ReportCountrywide Commercial Real Estate Finance has provided $46.18 million of acquisition financing for the Northwood Centre office building in Tallahassee, Fla. The Calabasas, Calif., lender provided the 10-year mortgage to Ajax Investment Partners...

A venture led by ING Clarion Partners has paid $28 million for the Valley Parkway Health Center, a 70,000-square-foot medical office building in San Diego's Escondido area.The venture, with Montecito Medical Co., was formed earlier this year to...

Aspen Management Co. has sold the Ranch Center, a 60,022-square-foot retail property in the Los Angeles suburb of Diamond Bar, Calif., for $15.7 million, or $262/sf.The Tarzana, Calif., firm sold the property to an El Monte, Calif., investor...

Commercial Real Estate Direct Staff ReportPembrook Capital Management has provided $26 million of mezzanine financing, while Citigroup has provided $64 million of senior debt for the InterContinental Miami, a 641-room hotel owned by a venture led by Strategic...

An affiliate of Astani Enterprises Inc. has lined up $190 million of financing from Corus Bank for construction of the first phase of Concerto, a 624-unit residential condominium complex in downtown Los Angeles.The complex will contain two 30-story...

Wells Fargo & Co. and Regions Bank have provided $95 million of construction financing for the development of the NASCAR Corporate Plaza, a 376,401-square-foot office building in downtown Charlotte, N.C.The financing, arranged by Wells' Chicago real estate group,...

Triple Net Properties has paid $15 million for the Residences at Braemar, a 160-unit apartment complex in Charlotte, N.C.The Santa Ana, Calif., real estate firm purchased the property from a group operating as Braemer Housing LLC.Triple Net funded...

NorthStar Realty Finance Corp. has raised $109 million of equity commitments for NorthStar Real Estate Securities Opportunity Fund, one of two investment vehicles the New York finance company is planning as part of a broad move into the...

UrbanAmerica LP has sold Northwood Center, a 495,000-square-foot office building in Tallahassee, Fla., for $50 million.The two-story building was sold to Ajax Investment Partners of New York.UrbanAmerica had purchased the property seven years ago for $31 million from...

Commercial Real Estate Direct Staff ReportBear Stearns has provided $220 million of fixed-rate financing for 360 Park Ave. South, a 451,800-square-foot office building in Manhattan's Midtown South neighborhood.The mortgage is unusual in that it has a 15-year term....

CapStar Hotel Co. has purchased the 167-room Courtyard by Marriott hotel in Secaucus, N.J.The Arlington, Va., real estate firm purchased the hotel from a Blackstone Group affiliate.A purchase price was not disclosed, but hotel properties in Northern New...

Stonehenge Partners has acquired 330 East 63rd St., a 93-unit multifamily property in Manhattan for $39 million from a local family. Stonehenge, a New York company headed by Ofer Yardeni and Joel Seiden, plans to gradually increase rents...

Commercial Real Estate Direct Staff ReportPembrook Capital Management has provided $26 million of mezzanine financing, while Citigroup has provided $64 million of senior debt for the InterContinental Miami, a 641-room hotel owned by a venture led by Strategic...

NorthStar Realty Finance Corp. has raised $109 million of equity commitments for NorthStar Real Estate Securities Opportunity Fund, one of two investment vehicles the New York finance company is planning as part of a broad move into the...

An affiliate of Astani Enterprises Inc. has lined up $190 million of financing from Corus Bank for construction of the first phase of Concerto, a 624-unit residential condominium complex in downtown Los Angeles.The complex will contain two 30-story...

Wells Fargo & Co. and Regions Bank have provided $95 million of construction financing for the development of the NASCAR Corporate Plaza, a 376,401-square-foot office building in downtown Charlotte, N.C.The financing, arranged by Wells' Chicago real estate group,...

Triple Net Properties has paid $15 million for the Residences at Braemar, a 160-unit apartment complex in Charlotte, N.C.The Santa Ana, Calif., real estate firm purchased the property from a group operating as Braemer Housing LLC.Triple Net funded...

Stonehenge Partners has acquired 330 East 63rd St., a 93-unit multifamily property in Manhattan for $39 million from a local family. Stonehenge, a New York company headed by Ofer Yardeni and Joel Seiden, plans to gradually increase rents...

UrbanAmerica LP has sold Northwood Center, a 495,000-square-foot office building in Tallahassee, Fla., for $50 million.The two-story building was sold to Ajax Investment Partners of New York.UrbanAmerica had purchased the property seven years ago for $31 million from...