Commercial Real Estate Direct Staff Report The Hilton Portland Downtown and Duniway hotels, with a total of 782 rooms in Portland, Ore., had their combined appraised value reduced again, this time to $106.09 million. The latest appraisal, highlighted...

South Florida Business Journal Granite REIT has paid $64.13 million, or $289.11/sf, for the 221,815-square-foot industrial property at 201 NW 22nd Ave. in Fort Lauderdale, Fla. The Toronto REIT purchased the warehouse from ASB Capital Management of Bethesda,...

Commercial Observer A venture of Slate Property Group and Breaking Ground has paid $255 million for the 611-room Stewart Hotel at 371 Seventh Ave. in Midtown Manhattan, with plans to convert it into 579 affordable-housing units. The venture—both...

North River Partners, in partnership with funds managed by AB CarVal, has provided $56 million of financing for the construction of the Presley, a 236-unit apartment complex in Las Vegas. North River is a New York investment manager...

Bank OZK has provided $96.7 million of financing against a pair of completed industrial properties and one that's to be constructed in the north-central Illinois city of Rockford. The three properties will have a total of 658,395 square...

Commercial Real Estate Direct Staff Report An investor group led by Haig S. Bagerdjian has paid $46 million, or $206.96/sf, for the 222,268-square-foot IGT Corporate Center office property in Las Vegas. The group bought the property, at 6355...

Commercial Real Estate Direct Staff Report Bell Partners has paid $142 million, or $370,757/unit, for the 383-unit Alexan Access apartment property in the Seattle suburb of Lynnwood, Wash. The Greensboro, N.C., investment manager bought the property, at 2727...

Commercial Real Estate Direct Staff Report Credit Agricole has provided $450 million of mortgage financing against the 115,000 square feet of retail space on the three lowest floors of 715-717 Fifth Ave. in Midtown Manhattan. The financing is...

Minneapolis/St. Paul Business Journal Roundhouse has paid about $47 million, or $297,468/unit, for the 158-unit Second & Second apartments in Minneapolis. The Boise, Idaho, real estate investor acquired the property from its developer, Solaris Group. CBRE brokered the...

The Real Deal The TCG Senior Funding affiliate of Carlyle Group and Otera Capital Investments have  provided a total of $640 million of financing against the mixed-use building at 520 Fifth Ave. in midtown Manhattan. The loan allowed...

Dwight Mortgage Trust has provided $48 million of financing for the construction of the 275-unit Sycamore at Monroe apartment property in the Charlotte, N.C., suburb of Monroe, N.C. The property is being developed by Switzenbaum & Associates of...

Commercial Real Estate Direct Staff Report The New York City Council last week signed off on a legislative proposal that, if approved by the mayor, would give certain groups a right of first offer or the right to...

Dallas Business Journal KKR & Co Inc. has paid $124 million, or $62/sf, for a portfolio of three industrial buildings totaling 2 million square feet in Sunnyvale, Texas, about 14 miles east of downtown Dallas. The private equity...

Commercial Real Estate Direct Staff Report National Property Management Associates Inc. has paid $58 million, or $181,250/unit, for the 320-unit Lake Highland apartment property in Lakeland, Fla., midway between Tampa and Orlando, Fla. The Orchard Park, N.Y., apartment-investment...

Commercial Observer JPMorgan Chase Bank, Tyko Capital, and Apollo Global Management have provided $867 million of financing for the conversion of the 1.2 million-square-foot office building at 111 Wall St. in Lower Manhattan into more than 1,500 apartment...

The venture between Witkoff Group and hotelier Ian Schrager that owns the 367-room Public Hotel in Lower Manhattan has lined up $310 million of financing against the property. JPMorgan Chase Bank has provided $253 million of senior financing...

Helaba Bank and DekaBank have provided a $163.43 million loan against 122 Fifth Ave., a 300,000-square-foot office building in Manhattan's Midtown South submarket. The loan, arranged by Walker & Dunlop, allowed the building's owner, Bromley Cos., to retire...

Commercial Real Estate Direct Staff Report The CMBS trust that holds a $51.85 million loan against the Worldgate Centre in the Washington, D.C., suburb of Herndon, Va., is close to taking title to the 229,326-square-foot retail property. Its...

San Antonio Business Journal Dhanani Private Equity Group is paying $115 million, or $181.10/sf, for the Park North Shopping Center in San Antonio. The Stafford, Texas, real estate investor is buying the 635,000-square-foot retail property from Sterling Organization...

Dallas Business Journal Singh Development has paid $52 million, or $285,714/unit, for Aura 509, a 182-unit apartment complex in Durham, N.C. The West Bloomfield, Mich., company purchased the six-story property from Trinsic Residential Group of Dallas in a...

Dallas Business Journal An affiliate of TRT Holdings has bought St. Paul Place, a nearly 275,000-square-foot office building in downtown Dallas. The locally based company purchased the 22-story property from Pacific Elm Properties. The sales price was not...

Commercial Real Estate Direct Staff Report A venture of Interwest Capital and Intercontinental Real Estate Corp. has acquired the 175-unit River Edge, a student-housing property with 175 units in Boise, Idaho. The purchase price could not be learned...

Commercial Real Estate Direct Staff Report Greystone has provided a $30 million Freddie Mac loan to facilitate the purchase of the 102-unit Lock Vista apartments in Seattle. The property, at 3025 NW Market St., was purchased for $43.7 million...

A venture of Cross Ocean Partners and Lincoln Property Co. has paid $132 million, or $322.60/sf, for the 409,197-square-foot office property at 140 Kendrick St. in the Boston suburb of Needham, Mass. The three-building complex was sold by...

Jacksonville Business Journal An affiliate of KKR & Co. has bought the 603,000-square-foot cold-storage facility at 10030 Eastport Road in Jacksonville, Fla., for $192 million, or $318.41/sf. DHL Supply Chain sold the property, which was built on a...