Commercial Real Estate Direct Staff Report PGIM has provided $74.5 million of financing to facilitate Stonepeak's $125 million, or $73.53/sf, purchase of a portfolio of three industrial buildings totaling 1.7 million square feet in Elwood, Ill. Stonepeak, a New...

KKR & Co. is buying a portfolio of 19 student-housing properties with more than 10,000 units scattered across 10 states for $1.64 billion. The New York investment manager is purchasing the portfolio through its KKR Real Estate Partners...

Commercial Real Estate Direct Staff Report Apartment property sales in New York City totaled $1.44 billion in the first quarter, up 23 percent from the same time last year, according to Ariel Property Advisors. But property sales are...

Commercial Real Estate Direct Staff Report Top 10 Properties has paid $21.8 million, or $232.60/sf, for Pinnacle Peak Commerce Center, a 93,725-square-foot industrial property in Phoenix. The Gilbert, Ariz., company purchased the property from an affiliate of Nicola...

AZ Big Media EQT Exeter has paid $60.1 million, or $93.63/sf, for I-10 Gateway, a 641,906-square-foot industrial property in Buckeye, Ariz. The Radnor, Pa., REIT purchased the property from its developer, BET Investments, in a deal brokered by...

Argentic Investment Management has provided a $29 million bridge loan against Mi-Place at Brightmoor, a 312-unit apartment property in Sicklerville, N.J. CBRE arranged the three-year loan on behalf of the owner, Fernmoor Homes of Jackson, N.J. The three-story...

Jacksonville Business Journal Argentic Investment Management has taken control of the Wells Fargo Center, a 653,919-square-foot office building in downtown Jacksonville, Fla. The New York company also took a nine-level parking garage at 1 West Bay St. and...

South Florida Business Journal An affiliate of JDS Development Group has bought 888 Brickell St., a 115,000-square-foot office building in Miami's Brickell Financial District, for $61.23 million, or about $532.43/sf. The New York developer purchased the nine-story property...

The Real Deal Consus Asset Management is said to have backed out from buying the 1 million-square-foot office tower at 777 South Figueroa St. in Los Angeles. The South Korean investment firm reportedly was paying $145 million, or...

Commercial Real Estate Direct Staff Report The appraised value of the Hilton Suites Chicago Magnificent Mile, a 345-room hotel in Chicago, has been reduced to $61.9 million. That's down from the $63.1 million value pegged to it last...

Dallas Business Journal Pinnacle Bank has filed a foreclosure suit against Opal Holdings, claiming the New York company defaulted on its $40 million loan against the Centerpoint office complex in the Dallas suburb of Arlington, Texas. Opal had...

Corner Lot Advisors has lined up $34.5 million of Freddie Mac financing for its purchase of the 245-unit apartment building at 8200 Wisconsin Ave. in Bethesda, Md. Lument of New York provided the fixed-rate loan, which has a...

Commercial Real Estate Direct Staff Report SL Green Realty Corp. has struck a deal to sell the 10,400-square-foot retail building at 719 Seventh Ave. in the Times Square section of Manhattan for $30.5 million, or about $2,933/sf. The...

The Real Deal Bushburg has agreed to pay $160 million, or $133.33/sf, for the 1.2 million-square-foot office property at 80 Pine St. in Manhattan's Financial District. The New York investor is buying the property from Rudin Management, also...

Commercial Real Estate Direct Staff Report SL Green Realty Corp. has stuck a deal to sell the Palisades Premier Conference Center, with 48,000 square feet of event space in Palisades, N.Y., for $26.25 million, or $546.88/sf. The pending...

Stephen Zsigary has been named president and chief executive of Ashford Hospitality Inc. Zsigary, who is currently the Dallas REIT's senior vice president of corporate finance and strategy, is replacing Rob Hays, who is stepping down from both...

South Florida Business Journal YMP Real Estate Management has bought the Miramar Parkway Collection, a 373,228-square-foot office complex in Miramar, Fla., for $45 million, or about $120.57/sf. The Lauderdale Lakes, Fla., investment and real estate company purchased the...

The Real Deal Abacus Capital Group has paid $72.5 million, or $307,203/unit, for the Veda, a 236-unit apartment complex in Sherman Oaks, Calif. The New York investment manager purchased the property from Alliance Residential Co. JLL Real Estate...

Tampa Bay Business Journal The buzz is that Brookdale Group is buying 100 North Tampa, a 596,383-square-foot office building in downtown Tampa, Fla. The Atlanta company is believed to be paying $150 million, or about $251.52/sf, for the...

Commercial Real Estate Direct Staff Report The Carlyle Group has paid $25.6 million, or $457,143/unit, for the 56-unit self-storage facility at 145 18th St. in the Prospect Park section of Brooklyn, N.Y. The Washington, D.C., investor bought the...

Commercial Observer Bozzuto has paid $44.5 million, or $337,121/unit, for Gables 12 Twenty One, a 132-unit apartment property in Arlington, Va., about four miles west of Washington, D.C. The Greenbelt, Md., investor bought the four-story property from Gables...

The Real Deal A venture of DJM Capital and PGIM Real Estate is offering for sale the 853,000-square-foot Bella Terra Mall in Huntington Beach, Calif. DJM, of San Jose, Calif., and PGIM, of Newark, N.J., has hired Eastdil...

Commercial Real Estate Direct Staff Report The appraised value of the Augusta Mall, a 500,222-square-foot retail property in Augusta, Ga., has been reduced to $159.3 million. That's down from the $250 million appraised value pegged to the mall...

Seagis Property Group has lined up $81 million of financing against the 224,900-square-foot industrial property at 100 Frontage Road in Newark, N.J. JLL Capital Markets arranged the financing, which pays only interest for the life of its five-year...

Dallas Business Journal Affiliates of Hillwood Development Co. have purchased a portfolio of four office buildings totaling about 518,000 square feet in the Dallas suburb of Irving, Texas. The Dallas development and investment company purchased the portfolio from...