Last Updated: June 16, 2005 10:21pm ET

Beacon Capital Buys Nearly all of Westfield's 3M-SF Office Portfolio

ROSSLYN, VA-A portfolio of 11 class A and B office properties totaling about 2.8 million sf finds a new owner. Beacon Capital Partners takes full possession of 10 of the 12 properties in Westfield Realty's Northern Virginia office portfolio and takes on partial ownership of the two remaining facilities.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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