HOUSTON-Alliance Communities has purchased a 224-unit project called the Gramercy Park Condominiums located at 2600 and 2601 Gramercy in Houston close to the Texas Medical Center.

NEW YORK CITY-In 2011, the market for commercial mortgage-backed securities is expected to witness a faster turnaround, with $8 billion of new CMBS issues in the first quarter of 2011 forecasted by Jones Lang LaSalle.

IRVINE, CA-Standard Pacific Corp., a homebuilder located in Irvine, CA, has announced plans to trade a $650-million debt to settle existing mortgages and bonds.

TEMECULA, CA-Solage Hotels & Resorts, along with an investment group, is eyeing an 80-acre valley in the middle of Wine County, Temecula.

CYPRESS, CA-As part of two different transactions, Manhattan Beachwear and Tyr Sport have leased and purchased a total area of 95,000 square feet to expand their operations.

ORLANDO-Colliers International Central Florida has completed two deals for Quest Diagnostics, a laboratory testing firm.

NEW YORK CITY-Real estate prices rise up as trendsetters in Brooklyn are flocking to Park Slope, also known as South Slope.

FORT MYERS, FL-Hope HealthCare Services has leased an office/retail space measuring 8,656 square feet in the Marquesa Plaza.