PALM BEACH, FL—The Sterling Organization reports the final closing of its second discretionary closed end real estate fund—Sterling Value Add Partners II, LP. The fund exceeded its fundraising target and raised commitments of $311 million.

FORT LAUDERDALE, FL—“We had a strong interest level from the investors because the price per unit was well below the individual sales occurring in the community today and the condo market has rebounded,” says Richard Tarquinio, a senior vice president at CBRE.

MONTGOMERYVILLE, PA—NAI Mertz, arranged for Ambler-based Integrated Image, Inc. to lease an 8,000-square-foot space at 140 Commerce Drive, Montgomeryville, PA, for its sign manufacturing business. Jeffery Licht, SIOR, senior vice president, and Adam Lashner, vice president, represented the owner, K&B Montgomery Real Estate LP in the transaction.