Citibank has provided $690 million of financing against a portfolio of 13 apartment properties with 4,077 units throughout Florida, Kentucky, South Carolina, Tennessee, and Texas. Newmark arranged the loan, which is expected to be securitized, on behalf of...

Dwight Mortgage Trust has provided $67.5 million of financing against the 260-unit Elements at Saratoga Lake townhome-apartment community in Saratoga Springs, N.Y. The property was developed in 2024 at 1 Forest Ridge Blvd. by Blue Iron Development of...

Asana Partners has paid $51 million, or $644.69/sf, for Gateway Center, a 79,108-square-foot retail center in Mission Viejo, Calif. The Charlotte, N.C., investment manager acquired the property, at 23972-24042 Alicia Parkway, in an all-cash deal from DJM Capital...

Crain's New York Business Tishman Speyer is in advanced talks to purchase the 1.2 million-square-foot Chrysler Building in Manhattan. The New York investor would acquire the property from Cooper Union, which last year hired Savills to market the property...

Commercial Real Estate Direct Staff Report Last year, 402,175 apartment units were delivered across the country, according to Cushman & Wakefield. At the same time, 355,628 units were absorbed, marking the fourth year in a row in which...

LaSalle Investment Management has paid $50 million, or $114.49/sf, for Bullitt II Logistics Center, a 436,716-square-foot industrial property in Shepherdsville, Ky., a southern suburb of Louisville, Ky. The Chicago investment manager acquired the property, at 251 Buffalo Run...

Greystone has provided $49.2 million of Fannie Mae mortgage financing against the 150-unit SoNo Central apartment property in Norwalk, Conn. The loan has a 10-year term and requires only interest payments for its first three years, after which...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Moody's Rating Fitch Rating KBRA Price % Yield % Final Pricing (bp) Bnch mrk A-1 4.49 30.00 2.36 Aaa AAA AAA J-spread A-2 150.00 30.00 4.72 Aaa...

Commercial Real Estate Direct Staff Report BXP Inc. has sold $1.1 billion of its properties, putting it nearly 60% of the way to its $1.9 billion target. The Boston REIT, the former Boston Properties Inc., set its disposition...

Commercial Real Estate Direct Staff Report MG Properties has paid $91 million, or $505,555/unit, for the 180-unit Dylan Point Loma apartment property in San Diego. The San Diego investment manager acquired the property, at 2930 Barnard St., from...

South Florida Business Journal IMC Equity Group has paid $33.5 million, or $164,216/unit, for the Pine Grove Apartments, a 204-unit complex in Homestead, Fla. The North Miami company purchased the property from Marlin Spring US Realty of Toronto,...

Charlotte Business Journal Passco Cos. has purchased the 340-unit Preston Ridge Apartments in Hickory, N.C., for $73.1 million, or $215,000/unit. The Irvine, Calif., company bought the property from an affiliate of Lat Purser & Associates of Charlotte, N.C.,...

SL Green Realty Corp., which last month sold a 49% stake in Manhattan's 100 Park Ave. to Rockpoint Group, has negotiated a modification of the 874,200-square-foot office building's $382.87 million loan, effectively extending its term an additional year. The...

Commercial Real Estate Direct Staff Report BXP Inc. is in talks with a prospective tenant that would take roughly 150,000 square feet, or about 16%, of the 930,000-sf 343 Madison Ave. office building the REIT is constructing across...

Philadelphia Business Journal L&B Realty Advisors has paid $82.4 million, or $359,825/unit, for the 229-unit Granary apartment property in the Logan Square section of Philadelphia. The Dallas investment manager acquired the property from LaSalle Investment Management, which paid...

Minneapolis/St. Paul Business Journal Greystar Worldwide has paid $53 million, or $200,757/unit, for the 264-unit Arbor Glen apartments in Maple Grove, Minn., a northwestern suburb of Minneapolis. The Charleston, S.C., real estate giant acquired the property, at 9325...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Kroll Rating S&P Price % Yield % Final Pricing (bp) Bnch mrk A-1 17.19 30.00 2.89 AAA AAA AAA 99.99989 4.33498 +70 J-spread A-2-CS 10.00...

South Florida Business Journal A venture that consists of Pebb Capital, Wharton Properties, and Lane Capital Partners has bought the Design 41 mixed-use building in Miami for $72.5 million. Design District Development Partners LLC of Sarasota, Fla., sold...

Triad Business Journal DRA Advisors has paid $60.85 million, or $246,357/unit, for the 247-unit Hawthorne at the Parkway apartment complex in Cary, N.C. The New York company purchased the three-story property Hawthorne Residential Partners of Greensboro, N.C., which...

Bisnow Blackstone is considering selling Willis Tower, a 3.79 million-square-foot office property in Chicago. The New York investment manager has reportedly had conversions with a group of investors that are willing to assume the property's $1.33 billion of...

The venture of Vornado Realty Trust Inc. and Korea Post that owns the 477,000-square-foot office property at 7 West 34th St. in Midtown Manhattan has lined up $250 million of financing against the building. The five-year loan, with...

A venture led by Hines has paid $105 million, or $446,808/unit, for the 235-unit Tempo at Riverpark Apartments in the California Central Coast city of Oxnard. The Houston investment manager acquired the property from Bascom Northwest Ventures, which...

Commercial Real Estate Direct Staff Report A Brandywine Realty Trust venture has lined up an $87.32 million commercial property assessed clean energy, or C-PACE, loan against the 489,548-square-foot life-sciences building at 3151 Market St. in Philadelphia's Schuylkill Yards...

Denver Business Journal Tourmaline Capital has paid $40.95 million, or $204.75/sf, for the Shops at Greenwood Village, a 200,000-square-foot retail property in Greenwood Village, Colo., a southern suburb of Denver. The San Diego investment firm acquired the property,...

Commercial Observer Keystone Equities has provided an $84 million loan against the 152-unit Nova Astoria apartment property at 11-14 35th Ave. in the Astoria section of Queens, N.Y. The New York investment manager writes loans of at least...