Arden Realty has paid $45.5 million for the Scottsdale Center, a 167,000-square-foot office complex in suburban Phoenix.The Los Angeles firm, which GE Real Estate acquired last year, is buying the five-building complex from an affiliate of CMD Realty...

Post Investment Group has paid $22 million for two Dallas apartment buildings totaling 682 units.The Los Angeles company paid Strand Properties $13 million for Park Village Apartments, a 350-unit complex at 7575 S. Westmoreland Rd., and $9 million...

Commercial Real Estate Direct Staff ReportCredit Suisse provided $287.2 million of debt to CapitalSource Inc. for its recent purchase of skilled-nursing facilities from Health Care Property Investors.A total of $250 million of the debt is comprised of senior...

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...

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...

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...

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...

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 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 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...

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.,...

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...

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...

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...

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.,...

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...