PICO RIVERA, CA-Osage Towers Ltd. of La Quinta, Calif., bought the 141-unit Courtyard Apartments from The Bascom Group of Irvine for $11.675 million. The property was more than 90% occupied at the time of sale.

BALCH SPRINGS, TX-The 18-year-old Pioneer Crossing had upward of 15 offers. The 100%-occupied holding is sitting on three acres and a fourth acre, zoned retail, was included in the deal. The seller cashes in the investment for his retirement.

LONDON-Aberdeen Asset Management is looking to sell its pounds 125 million ($196 million) property arm to raise much needed cash.

CHICAGO-Real Estate Research Corp. chief executive officer Ken Riggs says the expected return on real estate is now 7.7 percentage points higher than 10-year Treasury yields, the widest gap his company has seen in 20 years of tracking.