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...

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...

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...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionCitigroup Commercial Mortgage Trust, 2006-FL2773.01,300.0C20.9AaaAa1Increased subordination---D38.8Aa1Aa2----E26.9Aa2Aa3----F26.9Aa3A1-GS Mortgage Securities Corp. II, 2006-GSFL VIII352.7661.2B30.4AaaAa2Increased subordination---C22.1Aa1Aa3----D30.8A1A2----E15.0A2A3- 

Pacific Capital Investments has paid $23.5 million for MonteLago Village, a 51,500-square-foot retail property in Las Vegas.The Roseville, Calif., real estate firm purchased the property from Intrawest Corp. of Vancouver, British Columbia. The MonteLago Village consists of 12...

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...

Prime Group Realty Trust has invested $120 million in Lightstone Group's $8 billion acquisition of Extended Stay Hotels.The Chicago REIT, which was purchased by Lighstone two years ago, funded its investment in the entity that acquired Extended Stay...