Deal Name: 2006-PWR12

Federal Realty Investment Trust has paid $29.5 million, or nearly $107.75/sf, for Hastings Ranch Plaza, a 273,844-square-foot retail center in Pasadena, Calif. The property, at 3801-3883 East Foothills Blvd., is fully leased and anchored by a Sears, Marshalls, which occupies ...

Crown NorthCorp Inc. has sued Bank of America in an effort to get the bank to buy back all the loans that were securitized through two small CMBS transactions that were issued in 2006. The Columbus, Ohio, special servicer earlier ...

Commercial Real Estate Direct Staff ReportJ Schottenstein Property Group has filed to raise up to $517.5 million through an initial public offering of common shares.The Columbus, Ohio, company, led by Jay L. Schottenstein, owns 156 properties, primarily power retail centers, ...

A subsidiary of CB Richard Ellis Realty Trust has completed the $95 million acquisition of a seven-property warehouse portfolio. The properties and their sales prices are:- Rickenbacker II, with 434,120 square feet in Columbus, Ohio. Price: $8.75 million.- Rickenbacker III, ...

Duke Realty has completed the sale of the first tranche in a 20-property portfolio to a venture it has formed with CB Richard Ellis Realty Trust.The entire portfolio will be sold for $516.65 million.The properties sold and their allocated sales ...

Corporate Property Associates 17-Global Inc., a non-traded REIT sponsored by W.P. Carey & Co., has paid $258 million for 29 distribution centers and four office buildings with 3.57 million square feet in the United Sates and Canada.The New York firm ...

Commercial Real Estate Direct Staff Report Archstone, a multifamily operator and developer, is offering for sale a 539-unit apartment complex in Arlington, Va., that's been attracting offers of up to $180 million. The suburban Washington, D.C., property, Crystal Plaza at ...

United Group of Albany, N.Y., has listed for sale a fully-leased office building with 104,268 square feet in Malta, N.Y., with an $18 million asking price.Marcus & Millichap has the listing for the building at 107 Hermes Road in the ...

Crain's Chicago BusinessCentrum Properties has put on the sales block its Roosevelt Collection mixed-use project in Chicago's South Loop area. Holliday Fenoglio Fowler has been tapped to market the property, which cost $350 million to develop on Roosevelt Road, just ...

Washington REIT has sold a Maryland office building for $27.5 million and three Maryland industrial buildings for a total of $23 million. The Rockville, Md., REIT had purchased The Ridges, a 104,000-square-foot office building at 200 Orchard Ridge Drive, in ...

David DiStaso, chief accounting officer of iStar Financial, has been named chief financial officer of the New York finance company.He replaces James Burns, who had resigned as CFO last April.DiStaso has been with iStar since 2008 and had been working ...

Washington Business JournalPiedmont Pointe, a vacant office complex in Bethesda, Md., has lined up its first tenants. The Henry M. Jackson Foundation for the Advancement of Military Medicine signed a lease for 124,517 square feet and will move its headquarters ...

Pittsburgh Post-Gazette The 142-room Cambria Suites Pittsburgh has opened on Centre Avenue next to the Consol Energy Center. Partners in the $25 million project are the Pittsburgh Penguins hockey team, Choice Hotels and Horizon Properties Group of Canonsburg, Pa. The ...

Cole Credit Property Trust III Inc. has paid $84.5 million for 257 W. Genesee St., a 430,458-square-foot office building in Buffalo, N.Y., that serves as the headquarters of HealthNow New York Inc.The property was developed in 2007 by HealthNow on ...

Brooklyn PaperSome New York politicians have vowed to block Related Cos.' proposed purchase of land in the Gateway II shopping center in Brooklyn, N.Y., unless the developer guarantees it won't lease space at the property to Wal-Mart Stores Inc. The ...

New York ObserverA venture of Vornado Realty Trust and Clarett Group has paid the remaining 15 tenants at 220 Central Park South in Manhattan more than $1 million each to move out of the rent-stabilized apartment building it plans to ...

New York PostLouis Dreyfus Property Group sold a 123,294-square-foot office building at 158 W. 27th St. in Manhattan for $25 million to Himmel + Meringoff Properties. The international investor and developer paid $54 million in 2007 for the Midtown South ...

Stonehenge Partners has sold a 95-unit apartment building at 401 W. 56th St. in Manhattan for $37.96 million. The New York investor and property manager paid $5.8 million for the seven-story building in 1995. Eastern Consolidated represented Stonehenge in the ...

South Florida Business JournalA unit of Franklin Templeton Investments has paid $30 million for the former Stiles Corp. headquarters building in Fort Lauderdale, Fla. The 102,246-square-foot office property, at 300 E. Second St., was sold by Stiles in a deal ...

Bradenton HeraldConstruction is expected to start in March on a 272-unit apartment complex in Lakewood Ranch, Fla. PAC Land Development Corp. of Winter Park, Fla., recently paid $3.5 million for a 20-acre parcel north of South Road 70, along the ...

San Antonio Express-NewsXE Hospitality has acquired a 3.5-acre parcel at The Rim master-planned community in San Antonio for a proposed hotel. Construction is slated to begin during the second quarter on the 130-room Hilton Garden Inn at Interstate 10 and ...

Industrial Income Trust Inc., a non-traded REIT sponsored by Dividend Capital Trust of Denver, has agreed to pay $80 million for a 1.3 million-square-foot industrial building in Perris, Calif., that is fully leased to Hanesbrands Inc.The property is the largest ...

Parkway Properties Inc. has agreed to pay $167.3 million for the 484,000-square-foot office and retail portion of 3344 Peachtree in Atlanta's Buckhead area.The Jackson, Miss., REIT, which has made a $6 million non-refundable deposit toward the purchase, is buying the ...

The AFL-CIO Housing Investment Trust has purchased $90 million of bonds from a $175 million Fannie Mae multifamily mortgage-backed securities transaction that was used to finance Lands End II, a 490-unit apartment property on Manhattan's Lower East Side.As reported, Beech ...

Commercial Real Estate Direct Staff Report Sperry Van Ness has formed a partnership with Benewolf, a Guthrie, Okla., loan-sales specialist, giving the brokerage firm the ability to sell loans. The partnership allows Benewolf to cast a wider net with its ...