FRANKFURT-GE Capital Real Estate and REIT Asset Management have formed their first-ever joint venture in Germany to buy a portfolio of 25 mainly retail mixed-use properties.

SAN DIEGO-The joint venture, known as Pacific Retail LP, paid cash for the first installment of the purchase of 15 Burnham Pacific properties. The remaining seven properties having an aggregate purchase price of about $57.7 million and will close only if cleared by tenants and lenders.

JERSEY CITY-Looking Glass Networks has taken the space at 50 Dey St., a former warehouse converted for high-tech use by owner MetroNexus.

IRVINE, CA-Trammell Crow plans twin, 15-story towers inside the popular Park Place commercial project. Initial plans call for 360 rental units, though for-sale condos could be built instead if market conditions change.