NEW YORK CITY—Best known for its colossal purchase of the Waldorf-Astoria last year, the China-based insurance firm has bought a Fifth avenue office condominium from Blackstone.

ATLANTA—Silver Bay Realty Trust Corp. has entered into a definitive agreement to acquire a portfolio of about 2,460 homes primarily located here and in the cities of Charlotte, NC and Tampa and Orlando, FL for approximately $263 million in cash.

COMPTON, CA—The Dallas-based institutional investor buys the second phase of the Gateway Towne Centre in a steeply competitive sale that drew multiple offers.