South Florida Business Journal PGIM Real Estate has sold 355 Alhambra, a 222,757-square-foot office building in Coral Gables, Fla., for $90 million, or about $404.03/sf. The Newark, N.J., company sold the 16-story property to an affiliate of Princeton...

Commercial Real Estate Direct Staff Report Rialto Capital Advisors, which last year had taken title to the Hilton Woodcliff Lake hotel in northern New Jersey, has put the 338-unit property up for sale. The property, at 200 Tice...

Commercial Real Estate Direct Staff Report The universe of commercial mortgages outstanding in the United States increased by $37.7 billion in the second quarter, to $4.6 trillion, according to the Mortgage Bankers Association. The increase was driven by...

Portland Business Journal Spear Street Capital has paid $41 million, or $347.15/sf, for the 118,104-square-foot Leland James office building in Portland, Ore. The San Francisco company purchased the property from ABS Real Estate Investments, which had acquired it...

Commercial Real Estate Direct Staff Report Sherwood Real Estate Partners has acquired a 40,000-square-foot airplane hangar at 3507 Jack Northrop Ave. at Hawthorne Municipal Airport in the Southern California city of Hawthorne. The Santa Monica, Calif., investment company...

Orlando Business Journal Encore Real Estate Investment Services has been tapped to market for sale the Dellagio Town Center, a 109,000-square-foot lifestyle center in Orlando, Fla. A Wellington, Fla., limited liability company owns the property, at 7924-8075 Via...

An affiliate of Presson Corp. has paid $72.1 million, or $244.08/sf, for the two-building office property with 295,401 square feet at 3131 and 3133 Camelback Road in Phoenix. The local company, led by Daryl Burton, purchased the property...

Commercial Real Estate Direct Staff Report JLL Income Property Trust has funded its first-ever mortgage. The non-traded REIT, managed by LaSalle Investment Management Inc., owns equity interests in 136 properties, mostly apartments and industrial. It's originated a $27...

South Florida Business Journal An affiliate of Stockbridge Capital Group has bought the Alexan Park 82nd Apartments, a 368-unit complex in Doral, Fla., for $156 million, or about $423,913/unit. The San Francisco company purchased the four-story property from...

Commercial Real Estate Direct Staff Report M&T Realty Capital Corp. has provided $21.06 million of Freddie Mac financing to facilitate the purchase, by a Prime Residential fund, of the Trellis, a 111-unit apartment property in Federal Way, Wash....

Philadelphia Business Journal Trigild has been named receiver of Philadelphia's Wanamaker Building, a 954,363-square-foot office property in downtown, or Center City, Philadelphia. The historic building, at 100 Penn Square East, which was built in 1904, is encumbered by...

Commercial Real Estate Direct Staff Report CBRE Capital Markets has provided $43.59 million of Freddie Mac financing to facilitate Ideal Capital Group's purchase of the 292-unit Cabana Happy Valley apartment property in Phoenix. Ideal, of Clovis, Calif., acquired...

Commercial Real Estate Direct Staff Report The $39.6 million CMBS loan against 100 Westminster, a 361,462-square-foot office building in Providence, R.I., has been sent to special servicer Rialto Capital Advisors as it faces its maturity. The loan, securitized...

A venture of Archway Equities and Virtú Investments has paid $74.25 million, or $390,789/unit, for the 190-unit James apartment property in downtown San Jose, Calif. Archway, of Beverly Hills, Calif., and Virtú, of Carlsbad, Calif., purchased the property...

Commercial Real Estate Direct Staff Report Klein Enterprises has paid $22.05 million, or $157.50/sf, for the Southern Shores Marketplace, a 140,000-square-foot retail property in Southern Shores, N.C., in the state's Outer Banks region. The Baltimore developer bought the...

The Registry Blackstone Group has put its Embarcadero Square office building at 650 Davis St. in San Francisco on the sales block. The investment manager had acquired the 298,875-square-foot property, formerly known as Golden Gateway Commons, in 2018...

JLL Capital Markets has arranged $43.24 million of financing against Varenita of Westlake, an 86-unit seniors-housing property in Thousand Oaks, Calif. A regional bank provided the five-year loan. The property, at 95 Duesenberg Drive, is owned by an...

PGIM Real Estate has provided $114.61 million of financing against the Ventana, a 405-unit apartment property in Playa Vista, Calif., which is in a region commonly referred to as Silicon Beach because of the abundance of technology companies...

Commercial Real Estate Direct Staff Report InterSystems Corp., which occupies 239,417 square feet, or nearly 59 percent of the 409,422-sf One Memorial Drive office building in Cambridge, Mass., is expected to terminate its lease by July 2025. The...

Commercial Real Estate Direct Staff Report Continental Realty Corp. has lined up $53.7 million of financing from City National Bank for its purchase of Lakeside Village, a 460,000-square-foot retail center in Lakeland, Fla., about 34 miles east of...

MF1 Capital has provided $42.7 million of financing against the 167-unit Elements Apartments in Santa Maria, Calif. JLL Capital Markets arranged the financing on behalf of the Vernon Group of Santa Barbara, Calif., which will use it to...

Tides Equities, a Los Angeles apartment syndicator that largely had funded its investments with floating-rate debt, has reached modification agreements on some of the loans backing its properties, according to a report in the Real Deal. The publication,...

Commercial Real Estate Direct Staff Report The $175.5 million loan against 183 Madison Ave., a 266,418-square-foot office building in Manhattan's Midtown South area has matured. The collateral property, built in 1925 and renovated in 2012, includes WeWork Inc....

The Real Deal Nuveen Real Estate has paid $103 million, or $306,547/unit, for Oaks of Vernon Hills, a 336-unit apartment property in Vernon Hills, Ill. The investment manager purchased the property from a venture of Azure Partners and...

Commercial Real Estate Direct Staff Report Progressive Casualty Insurance Co. has announced it is terminating its lease for 217,216 square feet at Met Center 15 in Austin, Texas, effective Feb. 29, 2024. The insurance company's departure from the...