SANTA FE SPRINGS, CA-A Newport Beach, Calif.-based partnership that includes AEW Capital Management buys the 457,521-sf combination industrial and office park from Town Center Associates.

SMITHFIELD, RI-The Crossing at Smithfield secures $52.5 million in financing. The 588,294-sf shopping center, owned and developed by S.R. Weiner & Associates and its affiliate W/S Development Associates, just opened last month and is 100% leased.

SAN ANTONIO-Performance Properties gets a $2.2-million preferred equity investment from Hall Financial Group to help buy Crystal Springs apartments. About $800,000 will be used for capital improvements. In return, Hall stakes a 10% claim.

NEW YORK CITY-The State Street Corp. subsidiary has deals in the works for apartment community projects in the South Florida, New England, Southern California and Washington, DC markets. Closings are expected by year's end.