South Florida Business Journal Local real estate investor Moishe Mana has bought One Downtown, a 450,000-square-foot office building in downtown Miami for $110 million, or $244.44/sf. Mana bought the 31-story property from PCCP of Los Angeles, which had bought...

D2 Residential has provided $25.22 million of financing against Chateau on Wells, a 43-unit apartment property in downtown Chicago. JLL Capital Markets arranged the three-year loan on behalf of the property's owner, Akara Partners of Chicago. The new...

Commercial Real Estate Direct Staff Report Walker & Dunlop, among the top agency lenders in the country, was asked last year to buy back $100 million of loans it originated on behalf of Freddie Mac as a result...

Commercial Real Estate Direct Staff Report Phillips Edison & Co. has paid $25.78 million, or $555.53/sf, for Shops at Plaza West Covina, a 46,406-square-foot retail center in West Covina, Calif. The Cincinnati REIT acquired the property, at 310...

Charlotte Business Journal Southwood Realty Co. has bought the 174-unit Laurel View Apartments in Concord, N.C., for $41.4 million, or $237,931/unit. The Gastonia, N.C., company purchased the property from Gamma Real Estate of New York in a deal brokered...

Crain's New York Business The five CMBS trusts that hold portions of a $215 million mortgage against 681 Fifth Ave. in Midtown Manhattan took title to the 82,573-square-foot mixed-use building at a foreclosure auction on Tuesday. The property...

Crain's New York Business PGIM Real Estate has provided $111 million of bridge financing against the 164-unit Bold apartment property at 27-01 Jackson Ave. in the Long Island City section of Queens, N.Y. The loan allowed the property's...

Orlando Business Journal Second Horizon Capital has paid $56.25 million, or $80.01/sf, for the 703,000-square-foot Melbourne Square enclosed shopping mall in Melbourne, Fla. The Boca Raton, Fla., investment firm purchased the retail property from Washington Prime Group, a...

Commercial Real Estate Direct Staff Report Haverford Retail Partners, which late last year paid $126 million for a portfolio of three retail properties with 767,546 square feet, funded its purchase with an $81 million loan from Citigroup. Part of...

Crain's Chicago Business L3 Capital has paid $50.1 million, or $380.27/sf, for the 131,748-square-foot retail center at 3030 North Broadway in Chicago. The local investor acquired the property from SITE Centers, which bought it in 2017 for $81...

Commercial Real Estate Direct Staff Report The average monthly cost to rent an apartment unit during the fourth quarter was $1,182 less than the average cost of owning a home, according to Newmark. The brokerage noted that the...

Commercial Real Estate Direct Staff Report ACORE Capital has provided a $176 million loan against the 25,600 square feet of retail space at 1551-1555 Broadway in the Times Square section of Manhattan. The loan allowed the owner of...

Commercial Real Estate Direct Staff Report The venture that owns One New York Plaza in Lower Manhattan paid down the 2.7 million-square-foot office property's CMBS loan by $25 million, to $810 million, in order to win a two-year...

Commercial Real Estate Direct Staff Report The appraised value of the 154,944-square-foot Pearlridge Uptown II shopping center near the Pearl Harbor Naval Station on Oahu, Hawaii, has been slashed as it faces a number of near-term lease rollovers....

An affiliate of Richemont Americas, whose Van Cleef & Arpels luxury jewelry retail operation occupies 690 Madison Ave. on Manhattan's Upper East Side, has purchased the five-story building for $54.5 million, or $6,943/sf. The Swiss company purchased the...

Commercial Property Executive Walmart has paid $111.5 million, or $219.92/sf, for Burke Sycamore Business Park, a 507,000-square-foot industrial property in Riverside, Calif., within the state's Inland Empire region. The retail giant acquired the property, at 1001 Columbia Ave.,...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Moody's Rating Fitch Rating KBRA Price % Yield % Final Pricing (bp) Bnch mrk A-1 4.37 30.00 2.74 Aaa AAA AAA 99.99998 4.19967 +69.8 J-spread A-2 130.00...

Silicon Valley Business Journal Equinix has paid $51 million, or $204/sf, for a six-building office portfolio totaling 250,000 square feet in San Jose, Calif. The data center developer and operator acquired the properties, at 6800 Santa Teresa Blvd.,...

Commercial Real Estate Direct Staff Report The venture that owns the 1.1 million-square-foot Factory office property in Queens, N.Y., injected $18.7 million of fresh equity in order to win a two-year term extension of the property's $300 million...

A fund managed by Crow Holdings Capital has paid $44 million, or $832.14/sf, for the 52,876-square-foot Overlook at Oakbrook retail center in the Chicago suburb of Oak Brook, Ill. The Dallas investment manager acquired the property, at 1715...

TKF Burnside Real Estate Partners, a venture between former senior Brookfield Property executives Ric Clark and Dennis Friedrich, has $67.6 million, or $169/sf, for the 393,710-square-foot office property at 360 Hamilton Ave. in White Plains, N.Y. Clark joined...

Commercial Real Estate Direct Staff Report Goldman Sachs has provided $75 million of fixed-rate financing for the 341-room Marriott Monterey hotel in downtown Monterey, Calif. Sonnenblick-Eichner Co. arranged the latest loan, which allowed the property's owner, investor group...

Commercial Real Estate Direct Staff Report Target Corp., which five years ago vacated the 2.2 million-square-foot City Center mixed-use complex in Minneapolis, has made a $109.7 million payment to terminate its lease for 824,840 square feet at the...

An affiliate of Inland Real Estate Group has paid $190 million, or $650,694/unit, for the 292-unit Arboretum apartment property in the Long Island, N.Y., village of Farmingville, N.Y. The Oak Brook, Ill., investment manager acquired the property from...

Dwight Capital, among the leading lenders under the U.S. Department of Housing and Urban Development's multifamily and healthcare lending programs, has purchased Midland States Bank's HUD seniors housing servicing portfolio. The portfolio—69 loans with a balance of more...