Commercial Real Estate Direct Staff Report Braven Office Commons, a 749,694-square-foot property in Bellevue, Wash., has been placed on the sales block by its receiver as its foreclosure process begins. Eastdil Secured has been tapped to market the...

South Florida Business Journal An affiliate of Breevast has paid $109.9 million, or $413,158/unit, for Avida Aventura, a 266‑unit apartment property in Miami. The Amsterdam company bought the eight‑story property from an affiliate of Fifield Cos. of Chicago....

Half of all data-center operators reported that their properties had experienced power outages within the past three years, according to data compiled by the Uptime Institute. That was down from 53% in 2024.

Commercial Real Estate Direct Staff Report The appraised value of the 781,426-square-foot office property at 10 South LaSalle St. in Chicago has been reduced once again, this time to $27.2 million. Last September, the property had its value slashed...

AZ Big Media US Merchants has paid $63.88 million, or $140.72/sf, for a 453,960-square-foot building within West Summit at Surprise, a two-building industrial property with 704,472 sf in Surprise, Ariz., a northwestern suburb of Phoenix. The Beverly Hills,...

Atlanta Business Chronicle Portman Holdings has acquired the Westin Peachtree Plaza, a 1,073‑room hotel in downtown Atlanta. The local company purchased the 73-story property through its Portman Hospitality Fund I investment vehicle. Marriott International sold the hotel but...

Houston Business Journal Sade Real Estate has lined up $128.5 million of financing for its purchase of The Arno, a 168‑unit apartment building in Houston. Hudson Bay Capital of New York provided the loan, which was arranged by...

San Antonio Business Journal Platte Canyon Capital has paid about $45 million, or $86,538/unit, for a pair of apartment properties totaling 520 units in the San Antonio area. The properties are the Allure Apartments, with 268 units at...

Commercial Real Estate Direct Staff Report Arbor Realty Trust has provided $125.25 million of agency financing to facilitate the purchase of the 1,115-unit Pavilion Apartments in Chicago. Earlier this month, R.I.G. Capital paid $167 million, or $149,775/unit, to...

Commercial Real Estate Direct Staff Report Glen Una Management Co. has paid $28 million, or $134.62/sf, for a 208,000-square-foot building within the Innovation Industrial Park in Rossford, Ohio, about six miles south of Toledo, Ohio. The Austin, Texas,...

Commercial Property Executive Farallon Capital Management has bought a portfolio of nine office buildings totaling 1.4 million square feet within the Pacific Shores Center office campus in the Silicon Valley city of Redwood City, Calif. The San Francisco...

New York Business Journal An affiliate of Valeray Real Estate has paid $43.3 million, or $3.94 million/unit, for an 11‑unit apartment building at 73-75 Sullivan St. in Manhattan. The local developer purchased the property from affiliates of P....

Commercial Real Estate Direct Staff Report A portfolio of three Wilmington, Del., office buildings backing distressed CMBS debt are scheduled for sheriff's sale next month. The buildings, with 305,398 square feet at 200, 300, and 400 Bellevue Parkway,...

Commercial Real Estate Direct Staff Report Las Vegas developer Eli Applebaum has paid $70 million for a 12-acre development site along the Las Vegas Strip at the southeast corner of Las Vegas Boulevard and Mandalay Bay Road. Applebaum...

Commercial Real Estate Direct Staff Report The appraised value of the 448-room Hilton Houston Post Oak hotel in the city's Uptown area has been reduced again, this time by more than half to $31 million. The property, constructed...

Crain's Chicago Business Vinayaka Hospitality has paid $43.2 million, or $128,955/room, for the 335-room Blackstone Hotel in downtown Chicago. The Schaumburg, Ill., hotel manager acquired the property, at 636 South Michigan Ave., from a venture of Fundamental Advisors...

Denver Business Journal Speed Bay Warehouse Solutions has paid $71.5 million, or $153.43/sf, for the 466,000-square-foot Park Industrial Center in Commerce City, Colo. The local company acquired the property, at 5750-6360 East 58th Ave., from Kew Realty Corp....

ConnectCRE Belkorp has paid $44.15 million, or $252.57/sf, for the 174,800-square-foot industrial property at 3809 East Watkins St. in Phoenix. The Vancouver, British Columbia, investment firm purchased the building from LBA Realty of Irvine, Calif., in a deal...

South Florida Business Journal Publix Super Markets Inc. has paid $78 million, or $436.42/sf, for the 178,726‑square‑foot Fountains of Boynton Shopping Center in Boynton Beach, Fla. The Lakeland, Fla., grocery store chain acquired the retail property from a...

Commercial Real Estate Direct Staff Report The Roostaeian family office has lined up $65 million of mortgage financing from Bank of America against nine of its apartment properties with 200 units in Los Angeles. The family, led by...

Principal Financial Group has paid $80.63 million, or $210.51/sf, for the 383,000-square-foot Capital Marketplace retail property in Raleigh, N.C. The Des Moines, Iowa, company purchased the property from Finmarc Management Inc., which purchased it in 2021 for $58...

Affinius Capital and Axonic Capital have partnered to provide $43 million of construction financing to fund the 104-unit second phase of the Bayside Sarasota apartment project in the Gulf Coast city of Sarasota, Fla. The seven-story building is...

A venture of Basis Industrial and One Investment Management has paid $89.48 million, or nearly $144/sf, for a portfolio of 25 shallow-bay industrial buildings with 621,759 square feet in the suburban Atlanta. The venture bought the portfolio from...

Crain's Chicago Business Tishman Speyer is offering for sale Union West, a 357-unit apartment property in Chicago. The New York investment manager hired CBRE to market the property, which it bought in 2023 for $128 million. At the time...

The Real Deal An affiliate of Hennick & Co. has paid $66 million, or $857,143/room, for the shuttered Chambers Hotel Central Park South in Midtown Manhattan. The Toronto investment company bought the 14-story property from an affiliate of BD Hotels,...