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.,...

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....

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnDBRSNewRatingDBRSOldRatingReason for Rating ActionBear Stearns Commercial Mortgage Securities Inc., 2004-ESA665.52,050.0F43.0AAAAAhighDefeasance (100 percent)---G43.0AAAAA----H40.0AAAAAlow----J67.0AAAA- 

American Realty Advisors has promoted Daniel Robinson to managing director of its finance/investment consulting department. Robinson will provide consulting services to pension plans around the country, serving as a qualified professional asset manager. He will lead a consulting...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionGMAC Commercial Mortgage Securities Inc., 2002-C1643.9710.1E8.9AA+AAIncreased subordination; defeasance (32 percent of pool.)---F12.4AAA+----G10.7A+A-----H8.9ABBB+----J14.2BBB+BBB----K12.4BBB-BB+----L5.3BB+BB----M5.3BBBB-----N8.0B+B----O3.6BB-- 

A private venture is offering for sale 3358 N. Cicero St., a 3.83-acre development parcel in Chicago's Portage Park neighborhood.Marcus & Millichap's Chicago office is listing the parcel, which has an asking price of $21.8 million. The parcel...

Commercial Real Estate Direct Staff ReportHersha Hospitality Trust has acquired the 70-room Hotel 373 Fifth Avenue in midtown Manhattan for $28 million from McSam Hotel Group. The deal is one of three in the New York area by...