New York State Common Retirement Fund, Albany, through its joint...

New York State Common Retirement Fund, Albany, through its joint venture with ProLogis Trust, has taken a $32 million commercial mortgage loan from Prudential Insurance Co., said Jeffrey Gordon, spokesman for the $125 billion system. The loan will fund the venture’s program to develop industrial real estate in southern California. It is secured by three industrial properties in Ontario, Calif., and Buena Park, Calif.