NEWPORT BEACH, CA-Locally based CT Realty sells the Baywood Villa Apartments, a 628-unit multifamily complex in Corona, for $55 million. This hefty price tag marks the highest amount paid for an apartment property in the region's history, according to the CB Richard Ellis brokers who represented CT Realty in the deal.

NEW YORK CITY-Good Jobs New York lambastes city and state mechanisms for meting out Downtown redevelopment funds. Lack of accountability, the absence of an affordable-housing requirement and a big-business cash grab are the group's major concerns.

DENVER-Wells Real Estate Investment Trust latest class-A acquisition is 100% leased to Travelers Express Co. Inc., which is obligated for another 10 years, and is located in the foothills of the Rocky Mountains.

OAKLAND, CA- The just-completed 21-story class A office building is the first privately funded office high-rise to be constructed in downtown Oakland in over a decade. It is currently 7.5% leased.