Bay West Secures $93M for San Jose Multi-Family Development

Bay West Development’s plans to erect a luxury apartment community at 199 River Oaks Parkway in San Jose, Calif., have taken a big step forward after the firm obtained $93 million in financing for the 292-unit project.

Regency Sells 200 KSF California Retail Center for $62M

Regency Centers has just sold a 199,666-square-foot shopping center in San Pedro, Calif., to an affiliate of First Washington Realty for $62 million.

Economy Watch: Consumer Spending Sees Meager Rise; CPI Remains Static

U.S. consumers spent a little more in April than in March, but results varied by sector. The CPI remained unmoved, but the price of gasoline fell slightly. And homebuilders are feeling slightly more confident.

Crown Acquisitions Buys 49.9 Percent Share of Manhattan’s Olympic Tower for Nearly $1B

In a deal reportedly worth nearly $1 billion, Crown Acquisitions Inc. has entered into a strategic joint venture partnership with Olympic Tower Associates for the latter’s Olympic Tower complex on Fifth Avenue in New York City.

Exclusive: Starwood Property Trust Announces $238M of Capital Commitments

Hot on the heels of its $170 million One SoHo Square deal in New York City, Starwood Property Trust has co-originated a $238 million financing package collateralized by a six-property portfolio in Washington, D.C.