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...

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...

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,...

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...

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,...

Cogdell Spencer Inc. is buying the Central New York Medical Center, a 111,634-square-foot medical office building on the campus of the Crouse Hospital in Syracuse, N.Y., for $36.8 million.Cogdell, a Charlotte, N.C., REIT that specializes in the medical...

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...

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...

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...

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...

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...

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....

Cogdell Spencer Inc. is buying the Central New York Medical Center, a 111,634-square-foot medical office building on the campus of the Crouse Hospital in Syracuse, N.Y., for $36.8 million.Cogdell, a Charlotte, N.C., REIT that specializes in the medical...

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...

Harold W. Pote, chief executive officer and president of American Financial Realty Trust, died this week. He was 60. "It is with profound sadness that we announce the passing of our friend and colleague, Hal Pote," said Lewis...

Commercial Real Estate Direct Staff ReportCMBS spreads have continued to drift wider over the past two weeks, as the last couple of deals of the first half priced. The widening was driven in part by headline fears. Bad...