Fairfield Residential has paid $52.8 million for Emerald Terrace, a 302-unit apartment complex in Los Angeles.The Chicago multifamily firm purchased the two-building complex from StarPoint Properties of Torrance, Calif. StarPoint marketed the property through Sperry Van Ness.Emerald Terrace...

A private investment group has paid $44 million for the Plaza at Puente Hills, a 177,933-square-foot retail property in the Los Angeles suburb of City of Industry, Calif.The group, which operates as JSL Plaza at Puente Hills, purchased...

Thayer Lodging has lined up $93 million of acquisition and construction financing for its recent purchase of three Marriott-brand hotels at the Miami International Airport in Miami.The Annapolis, Md., firm purchased the three hotels, which total 825 rooms,...

Commercial Real Estate Direct Staff ReportNoble Investment Group is under agreement to acquire six hotels with a combined 754 rooms from Global Hyatt Corp. A purchase price was not given.The properties, all operated under the AmeriSuite brand, are...

Angel/McIver Interests LP has paid $16 million to purchase the Interchange Business Park, a 297,000-square-foot industrial complex in Houston.The Conroe, Texas, investment firm purchased the eight-building complex from a German investor. Angel/McIver funded the acquisition with $12.7 million...

Increases in hotel average daily rates will slow through the rest of the year, according to the hospitality practice of PricewaterhouseCoopers.The Big Four consulting and accounting firm projects a 5.9 percent growth for ADR nationwide this year, down...

Commercial Real Estate Direct Staff ReportMoody's Investors Service started publishing monthly monitoring reports for collateralized debt obligations backed by commercial real estate.The reports, similar to those the rating agency publishes for CMBS transactions and for CDOs backed by...

A venture between Lowe Enterprises and O'Connor Capital Partners has purchased San Mateo Executive Park, a 270,000-square-foot office campus in San Mateo, Calif.A purchase price was not disclosed, but the property is said to have sold for $86...

CWCapital has named Timothy Gardner and Michael Ostella vice presidents of its Los Angeles and Dallas offices, respectively.Gardner, who will report to CWCapital's West Coast regional manager David Cook, was previously senior vice president with Capmark Finance Inc.,...

Commercial mortgage origination volumes during the first quarter ran a blistering 37 percent ahead of the same period last year, according to a survey by the Mortgage Bankers Association.That increased volume was driven in large part by the...

Triple Net Properties has acquired the San Marin Apartments, a 220-unit apartment complex in Corpus Christi, Texas.The Santa Ana, Calif., real estate firm bought the property, which was built in 1998, from Parkwood Management Co. of Fountain Green,...

Triple Net Properties has acquired the Siena Office Park Buildings Three and Five, totaling more than 101,000 square feet, in Henderson, Nev.The Santa Ana, Calif., company purchased the property on behalf of tenant-in-common investors for an undisclosed price.Office...

Nationwide Life Insurance has provided $77.5 million of fixed-rate financing for Summit Place, a 650,000-square-foot office complex in the Milwaukee suburb of West Allis, Wis.The 10-year financing, which pays only interest for the first four years, was originated...

Kensico Properties, which earlier this year purchased Pickwick Plaza in Greenwich, Conn., has added to its collection in the upscale city. It has paid $142.5 million, a whopping $1,083/sf, for 55 Railroad Ave.The purchase price amounts to a...

CWCapital has named Timothy Gardner and Michael Ostella vice presidents of its Los Angeles and Dallas offices, respectively.Gardner, who will report to CWCapital's West Coast regional manager David Cook, was previously senior vice president with Capmark Finance Inc.,...

Increases in hotel average daily rates will slow through the rest of the year, according to the hospitality practice of PricewaterhouseCoopers.The Big Four consulting and accounting firm projects a 5.9 percent growth for ADR nationwide this year, down...

Commercial mortgage origination volumes during the first quarter ran a blistering 37 percent ahead of the same period last year, according to a survey by the Mortgage Bankers Association.That increased volume was driven in large part by the...

Commercial Real Estate Direct Staff ReportMoody's Investors Service started publishing monthly monitoring reports for collateralized debt obligations backed by commercial real estate.The reports, similar to those the rating agency publishes for CMBS transactions and for CDOs backed by...

Triple Net Properties has acquired the San Marin Apartments, a 220-unit apartment complex in Corpus Christi, Texas.The Santa Ana, Calif., real estate firm bought the property, which was built in 1998, from Parkwood Management Co. of Fountain Green,...

Triple Net Properties has acquired the Siena Office Park Buildings Three and Five, totaling more than 101,000 square feet, in Henderson, Nev.The Santa Ana, Calif., company purchased the property on behalf of tenant-in-common investors for an undisclosed price.Office...

A venture between Lowe Enterprises and O'Connor Capital Partners has purchased San Mateo Executive Park, a 270,000-square-foot office campus in San Mateo, Calif.A purchase price was not disclosed, but the property is said to have sold for $86...

Kensico Properties, which earlier this year purchased Pickwick Plaza in Greenwich, Conn., has added to its collection in the upscale city. It has paid $142.5 million, a whopping $1,083/sf, for 55 Railroad Ave.The purchase price amounts to a...

Nationwide Life Insurance has provided $77.5 million of fixed-rate financing for Summit Place, a 650,000-square-foot office complex in the Milwaukee suburb of West Allis, Wis.The 10-year financing, which pays only interest for the first four years, was originated...

Commercial Real Estate Direct Staff ReportTimarchi Management's agreement to purchase 3.1 million square feet of Dallas office space from Crescent Real Estate Equities has collapsed because of funding issues. Equastone has emerged as a likely buyer. Trimarchi, an...

Thayer Lodging Group has purchased three Marriott-brand hotels with 825 rooms at the Miami International Airport from Marriott International Inc. for $57.5 million. The Annapolis, Md., real estate company plans to invest an additional $65 million on a...