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 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 CMBS loan...

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...

Commercial Real Estate Direct Staff Report GO Residential REIT, which recently was formed to invest in luxury apartment buildings in Manhattan and other major U.S. cities, has struck a deal to buy three additional properties with 624 units...

Commercial Observer The venture of RXR Realty and One Investment Management that owns 61 Broadway in Lower Manhattan has lined up $475 million of capital to fund the 786,985-square-foot office building's conversion into 796 apartments. Apollo Global Management...

Philadelphia Business Journal PMC Property Group, which is converting parts of two office buildings in Philadelphia into apartments, has agreed to buy the 1.76 million-square-foot Centre Square office building and is expected to pursue a similar strategy. The...

Crain's Chicago Business Spear Street Capital is offering for sale the 650,812-square-foot office property at 225 West Wacker Drive in Chicago. The San Francisco investment firm hired Cushman & Wakefield to market the property, which it bought in...

Nashville Business Journal InvenTrust Properties has paid $88 million, or $117.33/sf, for the 750,000-square-foot Nashville West Shopping Center in Nashville, Tenn. The Downers Grove, Ill., REIT purchased the retail property from Manova Partners of Munich, Germany, according to...

Woodmont Industrial Properties has sold the recently constructed 51 New Brunswick Ave. industrial property in the central New Jersey township of Woodbridge to investment manager Sagard Real Estate for $21.1 million, or nearly $390/sf. The sale of the...

JLL Capital Markets has arranged $40 million of financing against the 238-unit Griffis Belleview Station apartment property in Denver. The seven-year loan, with a fixed coupon was provided by a life-insurance company that couldn't immediately be identified. The...

Northmarq has originated $22.73 million of Fannie Mae financing against the 49-unit One West Drive apartment property in the Minneapolis suburb of Excelsior, Minn. The fixed-rate loan allowed the property's developer, a venture of Monarch Development Partners of...

Crain’s Chicago Business Kohan Retail Investment Group is in talks to buy the 1.5 million-square-foot Citadel Center office property in Chicago. The Great Neck, N.Y., investor would be buying the property, at 131 South Dearborn St., from a...

Commercial Real Estate Direct Staff Report Macerich Co. has negotiated a four-term term extension of the $200 million mortgage against its South Plains Mall in Lubbock, Texas, taking its maturity to November 2029. The Santa Monica, Calif., REIT...

Zeta Charter Schools has paid $25.5 million for the development site at 261 Walton Ave. in the Bronx, N.Y. The operator of charter schools, which has 11 schools in the Bronx, Queens and upper Manhattan, bought the site...