Commercial Real Estate Direct Staff ReportWeingarten Realty Investors has acquired a 97,207-square-foot retail center in suburban Portland, Ore., for $16 million.The Houston REIT bought the property, Oak Grove Market Center in Milwaukie, Ore., from a pension fund represented...

ScanlanKemperBard Cos. has paid $94.7 million for the Giftcenter and Jewelrymart, a 388,234-square-foot retail property in San Francisco. The Portland, Ore., firm purchased the two-building complex from Pacific Union Development, which had owned it since 1976. A separate...

Commercial Real Estate Direct Staff ReportSomerset Partners has acquired 450 Park Ave. in New York City for about $510 million, or $1,589/sf, a record high for U.S. real estate. As reported by the Wall Street Journal, Somerset, the...

DLJ Real Estate Partners has paid $150.5 million for a portfolio of six hotels with 1,157 rooms from Sunstone Hotel Investors Inc.The six hotels were categorized as non-core by Sunstone, a San Clemente, Calif., REIT. Two of the...

A venture led by KBS Realty Advisors has sold 130 Prince St., an 86,000-square-foot mixed-use property in Manhattan's SoHo area, for $112 million.The fully-leased building was sold to an affiliate of Waterman Interests of New York.KBS and partner...

Ventas Inc. has sold 21 skilled-nursing facilities and a long-term acute care hospital to Kindred Healthcare Inc. for $171.5 million.Kindred, a Louisville, Ky., operator of nursing centers, hospitals and institutional pharmacies, had been leasing the properties from Ventas,...

A venture between Stillman Development International and Antonio Development has lined up $104 million of financing for The Centurion, a 48-unit residential property in New York.The venture received the financing from Corus Bank of Chicago.The Centurion will total...

Parkway Properties Inc. has sold two Knoxville, Tenn., office properties with 549,000 square feet for $59 million.The Jackson, Miss., firm did not identify the properties' buyer, but said the sales price amounted to a 7.7 percent capitalization rate,...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterCrown Properties Inc. is offering for sale First Indiana Plaza, a 425,000-square-foot office building in downtown Indianapolis.The New York real estate firm has tapped CB Richard Ellis' Indianapolis office to...

By John Covaleski, Commercial Real Estate Direct Staff Writer A group involving Michael R. Walker, retired chief operating officer of Citibank Commercial Real Estate Group, is looking to raise up to $100 million for value-add investments.The recently-formed group,...

Phillips Edison & Co. is paying Developers Diversified Realty Corp. $603 million for 63 shopping centers with 5.7 million square feet.The Cincinnati company has completed the purchase of 52 properties with 4.13 million sf, paying $449 million, and...

Broadreach Capital Partners has paid $100.7 million for two San Francisco office buildings totaling 413,230 square feet.The Palo Alto, Calif., real estate firm purchased the properties in separate transactions. It paid Bay Pacific Corp. $58 million for the...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterZeller Realty is offering for sale Meridian Mark I & II, a 385,000-square-foot office complex in the Indianapolis suburb of Carmel, Ind.The Chicago real estate firm has tapped CB Richard...

Commercial Real Estate Direct Staff ReportWeingarten Realty Investors has acquired a 97,207-square-foot retail center in suburban Portland, Ore., for $16 million.The Houston REIT bought the property, Oak Grove Market Center in Milwaukie, Ore., from a pension fund represented...

SL Green Realty Corp. has paid $147.6 million for a 45 percent equity interest in the venture that owns One Madison Ave. in New York City, giving it full ownership of the 1.2 million-square-foot office building.The New York...

ScanlanKemperBard Cos. has paid $94.7 million for the Giftcenter and Jewelrymart, a 388,234-square-foot retail property in San Francisco. The Portland, Ore., firm purchased the two-building complex from Pacific Union Development, which had owned it since 1976. A separate...

Commercial Real Estate Direct ReportThe California State Automobile Association is seeking $130 million for its 573,000-square-foot San Francisco office portfolio.As originally reported by the San Francisco Chronicle in March, the association, also called CSAA, has been marketing its...

Commercial Real Estate Direct Staff ReportThe volume of delinquent CMBS loans inched up again in May to $2.4 billion from $2.26 billion the month before, according to Realpoint.While up a tad on a month-to-month basis, the delinquency rate...

By John Covaleski, Commercial Real Estate Direct WriterWereldhave, a Dutch property investment group, has acquired a 400,000 square-foot mixed-use property in San Diego for $210 million.The property, Broadway 655, at Broadway and Kettner Boulevard in downtown San Diego,...

Commercial Real Estate Direct Staff ReportMission Capital Advisors is offering $15.4 million of distressed mortgages on a portfolio of four assisted-living facilities in northern Louisiana.The New York loan-sales specialist is offering the four-loan portfolio on behalf of a...

An affiliate of Tishman Speyer has paid $83 million for 3 Imperial Promenade, a 246,763-square-foot office property near John Wayne International Airport in Orange County, Calif.Tishman purchased the property from AEW Capital Management, which owned it on behalf...

Grosvenor Investment Management has acquired a 153,687-square-foot retail center in Santa Clarita, Calif., for $66.4 million.The property, Gateway Village, is a two-year-old community center on 17 acres at 28207- 28313 Newhall Ranch Road, within the Valencia master-planned community....

A 79,000-square-foot office and retail property in Brooklyn, N.Y., is for sale at a $43.5 million asking price. Eastern Consolidated Properties of Manhattan is representing the New York investment group selling the five-building property, which sits on two...

A private equity group is offering for sale Bella Vista, a 98-unit apartment complex in the Los Angeles suburb of Sun Valley, Calif.The group has tapped Marcus & Millichap's Los Angeles office to market the property, which has...

By John Covaleski, Commercial Real Estate Direct WriterWereldhave, a Dutch property investment group, has acquired a 400,000 square-foot mixed-use property in San Diego for $210 million.The property, Broadway 655, at Broadway and Kettner Boulevard in downtown San Diego,...