LA JOLLA, CA-The seven-year institutional placement will serve as a mezzanine-debt facility for The Olson Co., thus providing a new capital structure for the developer. In turn, the company will no longer need to

HOUSTON-Claremont Cos. sells the second of three multifamily properties ticketed last year for disposition. The latest to go is the Gables at Richmond at 3400 Ocee Dr., a near $15-million listing that delivered 14 offers.

PHOENIX-LF Enterprises of Phoenix will use the industrial building as a distribution center at 1820 Knudsen for high-end racing products. The structure has been on the market since it delivered in 2000.

DENVER-The Sierra Vista property traded hands recently for almost $45,000 per unit, in a deal brokered by CB Richard Ellis.