A consortium including affiliates of Starwood Capital Group, the LeFrak Organization and Invesco Ltd. have purchased a beachfront, mixed-use property in Miami’s South Beach, including a hotel formerly known as the Gansevoort.

In a sale arranged by real estate investment banking firm Savills, one of the firm’s institutional-investor clients picked up the Springhurst Towne Center, an 830,000-square-foot retail complex in Louisville, for $78 million.

Near the close of yesterday’s markets, Jamestown Properties and Rockwood Capital announced the $390 million acquisition of 530 Fifth Ave. — also known as the Bank of New York Building — which is soon to undergo a $20 million renovation to bring the property to Class A standards.

Capitalizing on what will likely be a strong year for retail, Clarion Partners has acquired a 187,000-square-foot shopping center in Covington, Wash., for $31 million.

Capitalizing on the increased need for both office and retail space, Hines has partnered with DLF Ltd. to begin construction on One Horizon Center, which will be located southwest of New Delhi in Gurgaon.

While there’s been speculation as to whether 3 World Trade Center will cap at seven stories, rather than its planned 80, the project’s goal is still very much alive, according to Silverstein Properties’ CEO Larry Silverstein.

Regency Centers has just made its first foray into New York with a $72.5 million purchase of Lake Grove Commons with its co-investment partner, First Washington Realty Inc.

Coventry Real Estate Partners has tapped Vestar to manage Christown Spectrum Mall, a 1.1 million-square-foot, super-regional retail destination in Phoenix.

Under a global framework agreement signed by both companies, Volvo Cars Corp. has chosen Jones Lang LaSalle as its preferred real estate services provider worldwide.

The Census Bureau reported on Thursday that U.S. retail sales in December edged up only slightly compared with November. Americans are planning to travel more in 2012 and spend more doing it. And on Thursday, investors bought more than 10 billion euro of Spanish bonds.