SANTA MONICA, CA-Madison Partners moves a Santa Monica MOB and a Playa Vista office building for a combined price just over $52 million.

LOS ANGELES-A new private equity investment fund targets mid-market CRE with a sale, lease-back and buy-back program. The fund has already bought five industrial properties in three states.

LOS ANGELES-George Smith Partners has arranged construction financing for an $11-million condominium project here. It is believed to be one of the first non-recourse loans for condo construction since the economic downturn arrived.

SANTA MONICA, CA-The Macerich Co. has sold four malls and a mixed-use office project, netting $470 million. The company also raised $171 million last month in a common stock offering.

LOS ANGELES-Downtown retail here has reached a tipping point and may soon become a major destination for shoppers on par with San Francisco and New York, claims a Brookfield Office Properties executive.

PASADENA, CA-The Avery Dennison corporate headquarters will be available in 2014. The large campus here has been acquired and will be renovated for a new tenant.

LOS ANGELES-In the finale of our NAIOP I.con previews, Bradley Cox, senior managing director, Trammell Crow Co., talks about the market fundamentals that drive industrial infill development. .

PASADENA, CA-MPG Office Trust has agreed to sell the office/retail Plaza Las Fuentes for $75 million. The deal is subject to approval from the Pasadena city government.