The $61.4 million exchanged in six deals in the second quarter of 2012 represented a large increase from the quarter before. Still, the $77.6 million accumulated through 11 transactions year-to-date was off the pace seen in 2011. The mean selling price and average cap rate for the latest quarter’s transactions were $154 psf and 6.8%. The 12-month rolling cap rate per quarter-end was 6.5%, up from 5.7% a year earlier. In the quarter’s largest sale, Laguna Pavilion SC LLC paid Khoury Family Investors LLC $18.75 million ($266 psf) for the 70,554-square-foot Laguna Pavilion neighborhood center in Elk Grove. The deal closed in May at a 5.9% cap rate. The 2000-built project was fully occupied at date of sale.