SEATTLE-An unidentified source tells GlobSt.com the purchase price of Shorewood Heights, a 645 apartment home community purchased by the Pinnacle Family of Cos., is lower than its prior sale.

SAN FRANCISCO-LandsofAmerica’s entire management team, including its founders Allen Shannon and Jake Massengale, will remain with LoopNet to manage and grow the business.

SAN FRANCISCO-The deal points out that institutional investors are back doing business, say experts, in this week’s wrap-up of deals.

SEATTLE-LNC’s commitment combined with Unico’s commitment of $10 million represents a total of $50 million of equity from both companies to launch the $100 million fund.

LOS ANGELES-When seller Hines first acquired the 627,334-square-foot office building in 2005, it represented one of the largest investments made in the company’s US Office Value Added Fund.

SAN DIEGO-Turner Construction Co. will construct the new 295,000-square-foot Central Library for the city. It is expected to be completed by March 2013.

SAN DIEGO-Tom Constantine will replace former chief credit officer Gary Evans, who left the Bank to become CEO of Palm Desert National Bank.

FOLSOM, CA-The seller of the 336-unit class complex here sells to a Bay Area investor due to the ‘compelling price’ says the broker and local expert.