SAN JOSE, CA-The loan is secured by America Center, two new class-A office buildings totaling 426,663 square feet, in this week’s wrap up of west coast deals.

LOS ANGELES-Gearing up for the three-day conference, panelist Douglas Kessler, president of Ashford Hospitality Trust, and others chat with GlobeSt.com about REIT activity, and the strong fundamentals that drive hotel performance.

LAGUNA BEACH, CA-Most of the debt coming due was originated when values and rents were at all-time highs, but now prices are about 35%-45% below market peaks, say panelists at the IMN conference.

LOS ANGELES-Between July 2010 and June 2011, the brokerage firm completed 5,199 leases with a total value of $5.4 billion.

LONG BEACH, CA-The 40-year lease for the Middle Harbor property here would be the largest deal of its kind for any US seaport, says Port of Long Beach executive director Christopher Lytle.

SEATTLE-According to an unidentified source not involved in the deal, a partnership between Rreef and Kennedy Wilson sell the Mill at Mill Creek here for approximately $71 million.

LOS ANGELES-Jerry Devon joins the firm from Rreef, where he was responsible for operating, leasing and improving a seven-million-square-foot industrial portfolio. Rexford also reveals $23 million portfolio buy.

PORTLAND, OR-The locally based company’s fund will target apartment and mixed-use buildings, specifically retrofitting and developing LEED-certified apartment properties.