Tishman Speyer has negotiated the one-year extension of the $485 million mortgage against 300 Park Ave., a 771,643-square-foot office building in midtown Manhattan. The loan, securitized through COMM, 2013-300P, now matures in August 2024. But its modification was...

The Real Deal Bank of America's investment management arm has paid $55.5 million, or $85.38/sf, for the I-88 Gateway Logistics Center, a 650,000-square-foot industrial property in North Aurora, Ill. The Charlotte, N.C., company purchased the property from Realty...

Mercury Casualty Co. has sold the 127,000-square-foot office property at 11000 Eucalyptus St. in Rancho Cucamonga, Calif., for $22.25 million, or $175.20/sf. The Los Angeles company was represented in the deal by Kennedy Wilson Brokerage. The buyer was...

Commercial Real Estate Direct Staff Report KKR Real Estate Partners Americas III has completed the purchase of two recently constructed industrial properties with a total of 2 million square feet in the Phoenix and Atlanta areas for a...

Lenders that hold $940 million of mortgage debt against 95 apartment properties with 2,452 units in San Francisco have hired Eastdil Secured to market it for sale, according to a report in The Real Deal. A big chunk...

Commercial Real Estate Direct Staff Report Arbor Realty Trust has provided $78.5 million of financing against the Village at Pioneer Park, a 322-unit apartment property in Peoria, Ariz. The financing was arranged by Tower Capital and allows the...

Commercial Property Executive Madison Capital Group has paid $260 million, or $451.57/sf, for Seagate Campus, a 575,775-square-foot research and development property in Fremont, Calif. The Charlotte, N.C., investment and development firm purchased the property, as part of a...

Carlyle Group has acquired a development site in the Gowanus neighborhood of Brooklyn, N.Y., and has lined up $170 million of financing from Athene Annuity and Life Co. to fund the construction of apartments on the parcel. The...

Commercial Real Estate Direct Staff Report Ramsfield Hospitality Finance and AB CarVal, which had provided a mezzanine loan against the dual-branded Crowne Plaza and Staybridge Suites in Atlanta's midtown area, have taken over the property. The Ramsfield/CarVal team...

Brian Gould has been named managing director of Berkadia's mortgage banking platform, where he will arrange mortgage and equity financing for property-owning clients. He joins the company's Washington, D.C., office from Chatham Financial, a Kennett Square, Pa., risk-management...

Commercial Real Estate Direct Staff Report Google Inc. is offering for sublease 1.4 million square feet of office space scattered among seven office buildings in Mountain View, Calif., and Sunnyvale, Calif. The tech giant is looking for tenants...

Commercial Real Estate Direct Staff Report Kennedy Wilson has recapitalized Altitude by Vintage in Reno, Nev., by bringing in an equity partner in a deal valuing the 293-unit apartment property at $54.5 million, or $186,006/unit. The identity of...

Moderna Inc. has paid $91 million, or $650/sf, for the 140,000-square-foot life-sciences building at 149 Hayes Memorial Drive in Marlborough, Mass., about 37 miles west of Boston. The pharmaceutical and biotechnology company, which is based in Cambridge, Mass.,...

Commercial Observer A venture led by New York developer Tredway has paid $150 million, or $183,824/unit, for the 816-unit Sea Park Apartments in the Coney Island section of Brooklyn, N.Y. The venture bought the affordable-housing complex, at 2930...

MMA Storage has paid $20 million, or $27,624/unit, for Our City Storage, a 724-unit self-storage facility in Reno, Nev. The Sparks, Nev., investor group purchased the property from an affiliate of West Coast Self Storage, according to Washoe...

Sperry Commercial Global Affiliates has formed a unit to help clients address properties whose mortgages might be maturing and are facing refinancing challenges. The brokerage network has named the unit its Commercial Property Resolution, or CPR, team and...

Commercial Real Estate Direct Staff Report Victor Calanog, a long-time commercial real estate economist, has moved over to the buy-side, having joined Manulife Investment Management as global head of research and strategy for real estate private markets. Calanog...

The Real Deal A portfolio of three apartment properties with 48 units and 8,000 square feet of retail space in the North of Little Italy, or Nolita, neighborhood of Manhattan is headed toward foreclosure. The portfolio serves as...

Commercial Real Estate Direct Staff Report Walker & Dunlop has provided $17.72 million of Freddie Mac financing to facilitate the purchase of the 124-unit Solaire on Scottsdale apartment property in Tempe, Ariz. Chicago investment manager 29th Street Capital...

REBusiness Online A venture led by H.I.G. Realty Partners has paid $110 million for a portfolio of four retail centers with 592,000 square feet in the Richmond, Va., area. The Miami investment manager partnered on the purchase with...

Commercial Real Estate Direct Staff Report Dwight Mortgage Trust has provided $12.75 million of short-term financing against Pine Island Plaza, a 104,000-square-foot retail center in Sunrise, Fla. The loan is the first against a retail property for the...

A venture led by Slate Property Group has paid $120 million, or $722,892/unit, for the 166-unit apartment building at 600 Columbus Ave. in Manhattan's Upper West Side neighborhood. The venture, which includes real estate investment managers KABR Group...

Commercial Real Estate Direct Staff Report The Melohn Group, which owns the 574,878-square-foot office building at 111 West Jackson Blvd. within Chicago's Loop, is attempting to negotiate a workout of the property's $105 million of CMBS financing. Part...

Commercial Real Estate Direct Staff Report Pinnacle II, a 230,000-square-foot office building in Burbank, Calif., that serves as collateral for an $87 million CMBS loan has gone vacant. The vacancy was highlighted in a TreppWire report. The property,...

Philadelphia Business Journal The $273.7 million CMBS loan against a portfolio of four Club Quarters hotels with a total of 1,228 rooms has defaulted and is headed toward foreclosure. The loan is securitized through BX Trust, 2017-CQHP, and...