PARSIPPANY, NJ—Cornerstone Real Estate Advisers has sold four buildings totaling more than 210,000 square feet of office space to a joint venture between Lincoln Property Company and Red River Asset Management. Value of the deal is estimated at $20 million, CBRE says.

ATLANTIC CITY, NJ—Florida entrepreneur Glen Straub, whose bid for the shuttered Revel Casino and Hotel was bested by Brookfield Asset Management's $110-million bid at an auction last week, filed court papers on Monday requesting a judge to hold a new sale.

CHICAGO—The aging of the US population will create a great deal of demand for new seniors' housing, but at last week's NIC Conference a group of experts said properly gauging that demand is more complex than it seems.

JACKSONVILLE, FL—Condo owners are still turning around distressed assets—and some of them are relying on CMBS loans to do it. Greenberg Traurig offers a prime example.