PLANO, TX-Working in concert with the developer, HFF placed the 10-year, fixed-rate, cross- collateralized financing for three class AA office buildings in the 90-acre Granit Park development.

CUERO, TX-Aries Capital, working on behalf of Avalon LLC, secured funding to build a 77-room Holiday Inn Express within south Texas' Eagle Ford Shale area. Additional southwest commercial real estate news follows.

MONROE-The New Jersey Apartment Association says the lifting of an exemption on local rent control being imposed on new-built housing for tjpse age 55 and older passed on a partisan vote and Gov. Chris Christie should veto it.

LOS ANGELES-The Century Plaza Hotel, site of this year's RealShare Los Angeles, is nominated for designation as a Historical Cultural Monument.

LOS ANGELES-Opportunistic investors are working with a different set of objectives than the institutional buyers, says Gary M. Tenzer of George Smith Partners.

PHOENIX-The Dallas buyer pays a record $47 million (approximately $185,449 per unit) to acquire Pavilions on Central from Gray Development Group and partner Reliant Group.

HACKENSACK, NJ-Vacancy levels have hit a record low of about 1% at its Bergen County multi-family properties, according to Alfred Sanzari Enterprises.

PASSAIC, NJ-A 31-acre industrial site here with 51 buildings has been sold by CBRE Group to an investor who intends to convert part of it to retail use.