MELVILLE, NY-Reckson is selling its 5.9 million sf, 95-property Long Island industrial portfolio back to the Rechler family for approximately $315.5 million and reorganizing its board of directors.

DALLAS-Waterton Associates in a JV with CalSTRS purchases Summit's Camino Real after a three-year lull from buying in the market. Priced at $75,000 per door, the complex goes for less to a buyer with another $50 million to $75 million to spend in the region.

CHATTANOOGA, TN-The four regional malls, three in Virginia and one in North Carolina, range in size from 626,806 sf to 1.05 million sf. The transaction includes the assumption of $170 million in non-recourse fixed-rate debt with an average interest rate of 7.71%.

HOUSTON-Only one in the stack of completed deals is a newcomer: Principal Life Insurance Co., which took 12,813 sf as a consolidation site for two Houston offices. The remaining19,181 sf comes from five-year tenants at 2603 Augusta.