Investcorp has acquired a 96 percent interest in a portfolio of nine full-service hotels with 2,828 rooms from Procaccianti Group, in a deal valuing the properties at $450 million.Investcorp, whose parent is based in Bahrain and is capitalized largely...

Australian investment manager Babcock & Brown has agreed to buy Gregory Greenfield & Associates, an Atlanta shopping mall owner and operator that has a controlling interest in eight regional malls.Babcock & Brown did not say how much it would...

Chicago Sun-Times  (Second Item)Stonewater Partners has paid $34 million for the 523,000-square-foot office portion of 1 N. State, a downtown Chicago office and retail property. The Los Angeles investment firm purchased the building from Archon Group, a unit of...

An affiliate of SunTrust Bank is offering for sale the Old National Bank headquarters, a 248,675-square-foot office complex in Evansville, Ind. The Atlanta bank is marketing the property, which it acquired last December, through Stan Johnson Co. Old National...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterThe Soffer Organization has decided against selling Quantum 1, a 159,000-square-foot office building in Pittsburgh. The Pittsburgh developer, which is run by the Soffer family, had placed the property on the...