MIAMI-Studley, which opens an office at 200 South Biscayne Blvd., also has offices in Fort Lauderdale and Tampa.

DALLAS-Sealy gets CalSTRS' nod for an initial $210 million of equity to buy or build in the Southwest, Southeast and South-Central US. Principal Real Estate is the fund manager.

BRADENTON, FL-A California based investor buys the shopping center with plans to develop 20,000 to 30,000 sf more retail on vacant land.

CHICAGO-Excelsior LaSalle Property Fund has closed on four student housing properties for $148.5 million and will close on the fifth in the next few weeks.