The Real Deal Blackburn Communities has lined up a $46.5 million bridge loan for the River Junction Apartments, a 329-unit property in the Austin, Texas, suburb of Leander, Texas. Bridge Investment Group provided the floating-rate, interest-only loan, which...

Prime Residential has paid $51.25 million, or $388,257/unit, for the 132-unit Palm Court Apartments in Los Angeles. The San Francisco investment manager acquired the property, at 740 South Burnside Ave., in a deal arranged by Marcus & Millichap....

Commercial Real Estate Direct Staff Report Holland Partner Group has paid $105.25 million, or $482,798/unit, for Meridian at Midtown, a 218-unit apartment property in San Jose, Calif. The Vancouver, Wash., investor acquired the property from Essex Property Trust,...

A venture of Brookfield Asset Management and the Canada Pension Plan Investment Board has agreed to buy LXP Industrial Trust, formerly Lexington Realty Trust, for $61.20/share in a deal valued at roughly $5.2 billion, including the assumption of...

Rialto Capital Management and Hines have provided $229.9 million of short-term financing against the 707,181-square-foot Textile Building in Manhattan's Midtown South submarket. The bridge loan was arranged by Walker & Dunlop Capital Markets Institutional Advisory. It allowed the...

Milwaukee Business Journal Ta Chen International Inc., or TCI, has paid $87 million, or $118.17/sf, for the 736,205-square-foot distribution facility at 8500 109th St. in Pleasant Prairie, Wis. The Long Beach, Calif., stainless steel and aluminum distributor acquired...

Greystone Real Estate Capital, which only last year raised its first low-income housing tax credit fund, has raised its second such vehicle, the $137 million Greystone Affordable Housing Fund II LP. The tax-credit syndicator, was formed just two...

General Investment and Development, or GID, has paid $148.5 million, or $486,885/unit, for the 305-unit Metro Mission Valley apartment property in San Diego. The Boston investment manager acquired the property, at 5080 Camino del Arroyo, from R&V Management...

Commercial Real Estate Direct Staff Report Sagard Real Estate has paid $66.5 million, or $299,549/unit, for the 222-unit Terra at Monroe apartment property in the Seattle suburb of Monroe, Wash. The Denver investment manager acquired the property, at...

PCCP has provided $80 million of mortgage financing against the 343-unit Rae apartment property in the Washington, D.C., suburb of Bethesda, Md. The loan allowed the property's developer, Foulger-Pratt, to refinance the property at 10401 Motor City Drive,...

  Crain's Chicago Business Amazon is in talks to buy the 571,423-square-foot industrial property at 1237 West Division St. in Chicago. The price it would pay isn't known yet, but it's expected to be at least close to...

Madison Realty Capital and Cottonwood Group have provided $211 million of financing to fund the construction of the 112-unti LIDO Asbury Park  residential condominium property that Inspired by Somerset Development is planning for the New Jersey shore city...

An affiliate of Principal Real Estate Investors has paid $38.5 million, or $276,978/unit for the 139-unit Arbor Terrace Citrus Park Independent Living seniors-housing property in Tampa. The investment manager bought the eight-year-old property, on a nine-acre parcel at...

A venture led by Argyle Real Estate Capital has paid $58.7 million, or $188,141/unit, for the 312-unit Exchange at Westgate apartment property in the Wilmington, N.C., suburb of Leland, N.C. The Tampa real estate investor partnered with Battery...

Commercial Real Estate Direct Staff Report Millburn & Co. has paid $95.25 million, or $280,973/unit, for the 339-unit Longbow apartments in Mesa, Ariz. The Salt Lake City investment manager acquired the property, at 2950 North Recker Road, from...

MDH Partners has paid $67.7 million, or $121.52/sf, for three buildings totaling 557,100 square feet in Lakeland Commerce Center in Lakeland, Fla., about 36 miles east of Tampa International Airport. The Atlanta investment manager acquired buildings 100, 200,...

Commercial Real Estate Direct Staff Report Philadelphia's 1818 Market St. office building, with 999,828 square feet, has had its appraised value reduced once again, to $158 million. The 54-year-old building, which was purchased by Shorenstein Realty Investors Eleven...

Puget Sound Business Journal CWCapital Asset Management has hired Colliers to market for sale the 410,000-square-foot Fourth & Blanchard office property at 2101 Fourth Ave. in Seattle. The building is expected to sell for $29 million. CWCapital is...

Minneapolis/St. Paul Business Journal Phillips Edison & Co. has paid $38 million, or $243.59/sf, for Chaska Commons, a 156,000-square-foot retail center in Chaska, Minn., a southwestern suburb of Minneapolis. The Cincinnati REIT acquired the property, at 122-320 Pioneer...

Bascom Group has paid $53.13 million, or $290,301/unit, for the 183-unit Castlewood Park Apartments in the Los Angeles suburb of Buena Park, Calif. The 63-year-old property, at 6968 Campus Drive, was acquired in a deal arranged by Marcus...

Intercontinental Real Estate Corp. has paid $69.5 million, or $555/sf, for the 125,233-square-foot Lakeland Town Center retail property in the Seattle suburb of Auburn, Wash. The Boston investment manager bought the fully leased property, on a 12.6-acre site...

Multi-Housing News Garibaldi Co. has paid $65.3 million, or $199,085/unit, for Waterfield Square, a 328-unit apartment property in Stockton, Calif. The local company bought the property, at 8035 Mariners Drive, from LivCor, a subsidiary of Blackstone, which bought...

Kathy Hochul, governor of New York, signed an executive order yesterday establishing a one-year moratorium on the development of data-center properties with power capacities of 50 megawatts or more. It's the first statewide ban to be passed in...

  Hines Global Income Trust has paid $70 million for the 183,308-square-foot Wicker Park Commons retail property at 1279 North Milwaukee Ave. in Chicago's The Houston non-traded REIT bought the property, housed on the street-level floor of a...

Wall Street Journal Airbnb Inc. is said to have purchased the 42,500-square-foot office building at 281 Park Ave. South in Manhattan's Midtown South submarket for $81.5 million, or $1,917/sf. The historic building, commonly known as the Church Missions...