The FDIC has hired Newmark to sell roughly $60 billion of loans that were held by Signature Bank, which it took over earlier this month. The brokerage is among 11 pre-approved loan-sales advisers that the agency can use to...

Commercial Real Estate Direct Staff Report Principal Life Insurance Co. has provided $66.2 million of financing for the construction of Eastrail Flats, which will have 207 apartment units and 63 townhomes in Woodinville, Wash. The financing was arranged...

Pacific Business News Watumull Properties Corp. has paid $66 million, or $321.95/sf, for Niumalu Marketplace, a 205,000-square-foot retail center in Kailua, Hawaii. The seller was not known. Financing to facilitate the purchase was provided by a local bank....

Mile High CRE Altus Properties has paid $54 million, or $513.05/sf, for 2nd & Josephine, a four-building office and retail property with 105,253 square feet in Denver. The Clayton, Mo., investment firm purchased the property from Unico Properties....

Venture One Real Estate has recapitalized a portfolio of 54 industrial and industrial/outdoor storage properties owned through its VK Industrial V LP fund by bringing in DRA Advisors as partner in a $369 million transaction. The Chicago investment...

Law firm Venable LLP has formally moved out of the 182,424 square feet it had occupied at 1270 and 1290 Avenue of the Americas in Manhattan and has moved into 157,808 sf at 151 West 42nd St., near...

Commercial Real Estate Direct Staff Report Golden Bee Properties has paid $39.5 million, or $197,500/unit, for Mountain View Manor, a 200-unit apartment property in Sylmar, Calif. The Los Angeles developer purchased the property from Positive Investments Inc., which...

LA Apartments has paid $54 million, or $263,414/unit, for Haven Warner Center, a 205-unit apartment property in Canoga Park, Calif. The Los Angeles investment manager purchased the property in a deal brokered by Marcus & Millichap's Institutional Property...

Commercial Real Estate Direct Staff Report The Vornado Realty Trust venture that owns the 1.82 million-square-foot office complex at 555 California St. in San Francisco is seeking to extend the term of property's $1.2 billion mortgage. The loan...

JLL Capital Markets has arranged an $18.24 million Freddie Mac loan for the 358-unit Cambridge Estates apartment property in Lafayette, Ind. The property, constructed in phases from 1973 to 1977, is owned by Brikwell of Denver, which had...

JLL Capital Markets has hired Alex Possick as a director of its multi-housing investment sales and advisory team, where he will focus on Colorado and the western region of the country. He joins from Northmarq, where he was...

Oak View Apartments, with 237 units in the Central Valley, Calif., city of Visalia, has changed hands for $50 million, or $210,970/unit. The transaction, between two Southern California investors, was arranged by the Mogharebi Group of Costa Mesa,...

Commercial Real Estate Direct Staff Report Trinity Place Holdings Inc., which was created with the real estate assets of the former Syms Corp. clothing retailer, has launched a review of potential strategic alternatives. The New York company has...

Rentv.com A limited liability company based in Oceanside, Calif., has paid $43.5 million, or $381.91/sf, for a 113,900-square-foot office property within the Irvine Spectrum development in Irvine, Calif. The company purchased the property from an Orange, Calif., LLC...

Commercial Real Estate Direct Staff Report A venture led by the Muller Co. is offering for sale Sky Harbor Towers, a 216,338-square-foot office property in Phoenix. The Irvine, Calif., investment firm has hired JLL Capital Markets to market...

A venture of BKM Capital Partners and TerraCore Capital has paid $37.3 million, or $163.23/sf, for Airport Business Center, an 11-building industrial property with 228,518 square feet in Portland, Ore. BKM, of Newport Beach, Calif., and TerraCore, of...

Deloitte has not renewed its lease for 260,000 square feet at 191 Peachtree, a 1.2 million-square-foot office building in Atlanta. The consulting giant's decision to not renew was first reported in the Atlanta Business Chronicle. Deloitte has been...

Commercial Real Estate Direct Staff Report Midtown Manhattan's 515 Madison Ave. has been re-appraised at a value of $155 million, one-third less than its appraised value 10 years ago, but well more than the $102.97 million loan against...

Dallas Morning News AEW Capital Management has bought Preston of the Park Cities, a 129-unit seniors-housing property in Dallas. The Boston investor acquired the building, at 5917 Sherry Lane, from Silverstone Senior Living of Dallas. The sales price...

Dallas Morning News Kairoi Residential has bought the 285-unit Galatyn Station apartment property in Richardson, Texas. The San Antonio multifamily investor purchased the property, at 2301 Performance Drive, from an unidentified Nashville, Tenn., investor. The sales price was...

Commercial Observer Abraham Trust, which last week had turned in the winning $190 million, or $745/sf, bid for Manhattan's Flatiron Building, as of late Friday had not yet submitted its required $19 million deposit. The family office, which is...

Commercial Real Estate Direct Staff Report NGI East Bay Portfolio LLC, which indirectly owns the 236-bed Garden Village student-housing property in Berkeley, Calif., has filed for bankruptcy in U.S. Bankruptcy Court for the Northern District of California in...

Commercial Real Estate Direct Staff Report The owner of Chicago's massive Aon Center, at 200 East Randolph St., could be close to refinancing the 2.78 million-square-foot office property's $677.5 million financing package, which includes $536 million of CMBS...

Commercial Real Estate Direct Staff Report Waterfall Asset Management has paid $38.49 million, or $2,026/sf, for the 19,000 square feet of retail space at the Astor luxury residential condominium property on Manhattan's Upper West Side. The New York...

Service Properties Trust has sold another 16 hotels with 2,155 rooms, all operating under Marriott brands, for $137.5 million. The portfolio was acquired by a venture of NewcrestImage, a Dallas family office that specializes in the hotel sector,...