A refined version of what had been the Moody's/Real Commercial Property Price Indices, one of the commercial real estate market's best-known pricing monitors, is scheduled to be launched May 24. Moody's Investors Service is publishing the revamped version in a venture with Real Capital Analytics.

CBRE Investors has agreed to pay Tishman Speyer Properties about $238.4 million for 400 South Hope St., a downtown Los Angeles office building with 701,294 square feet. The investment manager will assume $171.5 million of debt that was securitized through JPMorgan Commercial Mortgage Securities Corp., 2005-CIBC13.

G&L Realty Corp. of Beverly Hills, Calif., is offering for sale its roughly 775,000 square feet of medical-office space in Southern California. The portfolio includes seven buildings with 265,410 square feet in Beverly Hills, which alone should sell for $185 million, or $700/sf. Jones Lang LaSalle has the listing.

The volume of CMBS loans in the hands of special servicers declined again last month, to $83 billion from $84.4 billion in March, according to Morningstar, as troubled loans continued to get worked out and liquidated. A total of 4,110 loans are now with the industry's 19 active special servicers.

The SEC has charged MayfieldGentry Realty Advisors, a Detroit investment manager led by Chauncy Mayfield, with giving gifts to former Detroit Mayor Kwame M. Kilpatrick and the city's treasurer, Jeffrey W. Beasley, in exchange for their influence in the city's pension funds' investment processes.

Investors in a fund managed by Regency Centers have decided to put its nine retail properties on the sales block. The portfolio contains 1.54 million square feet of space, is well leased and has an estimated value of $331.2 million. The nine properties back a total of $207.7 million of debt, $124.8 million of which is securitized.

A total of 1,263 CMBS loans, with a balance of $8.2 billion, were liquidated via note sales in 2010 and 2011, according to Fitch Ratings. That amounts to 30.4 percent of the 4,160 loans that were liquidated during the two years, making it the most common method of resolving individual loans by CMBS special servicers.

Looking to take advantage of favorable borrowing conditions, General Growth Properties Inc. plans this year to obtain fresh financing to pay off an additional $2 billion of mortgages in advance of their maturity dates.

Vestin Group, a Las Vegas commercial property lender and manager of two publicly-traded REITs, has registered to raise up to $550 million for MVP Monthly Income Realty Trust Inc. The REIT, whose shares would not be traded on any public exchange, will invest in debt against properties in the West and Southwest.