CHICAGO-The Boston-based REIT has agreed to pay $128.5 million for the loan from PNC Bank, which provided the note to troubled owner Joseph Freed & Associates.

CHICAGO-The local REIT has asked to join the case vs. Lehman; fitting, as Equity's move to buy the 26.5% interest in Archstone is what started the conflict. A hearing has been scheduled for Jan. 5.

SEATTLE-The hospitality industry should return to strong demand in 2012, Colliers believes, placing Mike Mixer of Las Vegas and Dharmesh Patel of San Francisco in charge.

BLOOMFIELD HILLS, MI-The mall owner/developer sought to buy core properties as Evanston, IL-based Davis Street cut its ownership almost in half.

LONDON-The Hong Kong-based firm, which owns most of Sun Hung Kai Properties, has agreed to pay $101.8 million to join an 808-unit multifamily development in Earls Court here.

SALT LAKE CITY-The non-performing loan for the $20 million Broadway Park condo project was purchased for less than $10 million.

CHICAGO-Ray Lewis, president of the local health care REIT, tells GlobeSt.com that the roughly $765 million Cogdell takeover will help Ventas match the current movement of medical property trends.

DETROIT-Rock Venture’s Dan Gilbert can be labeled as Detroit’s Man of the Year, as he will close 2011 having purchased about 1.8 million square feet downtown with plans for it all.