Commercial Real Estate Direct Staff Report Tanger Inc., which last year purchased the former Legends Outlets in Kansas City, Kan., expects to pay off the retail property's $115 million CMBS loan next month, when it becomes open to...

Commercial Real Estate Direct Staff Report The venture that owns the Prince Building in Manhattan's SoHo area has lined up $216 million of financing, allowing it to retire a $200 million CMBS loan that became delinquent earlier this year....

Commercial Real Estate Direct Staff Report An affiliate of Bronstein Properties has paid $41 million, or nearly $195/sf, for the 210,853-square-foot Gardens retail property in the northwestern New Jersey community of Flanders. Bronstein, a Forest Hills, N.Y., family...

Crain's Chicago Business Novak Development has sold Webster Place, a 136,000-square-foot retail center in Chicago's Lincoln Park neighborhood, for $67.8 million, or $498.53/sf. The local developer, which bought the property in 2021 for $29.3 million, sold it to...

Crain's Chicago Business An affiliate of Community America Credit Union has filed a $236 million foreclosure lawsuit against the owner of the 1.1 million square-foot office property at 35 West Wacker Drive in downtown Chicago. The credit union...

Commercial Real Estate Direct Staff Report Freddie Mac funded $16 billion of multifamily loans during the third quarter, down 36% from the $25 billion it funded a year ago and 11% from the $18 billion it funded in...

Multi-Housing News A venture of Timberlane Partners and EOS Residential Investors has paid $82.8 million, or $246,428/unit, for the 336-unit Canopy apartments in the Seattle suburb of Everett, Wash. Timberlane, of Seattle, and EOS, of New York, acquired...

The Real Deal Graymark Capital has paid $35.8 million, or $457.80/sf, for the 78,200-square-foot office and research and development property at 1450 Kifer Road in Sunnyvale, Calif. The San Francisco real estate firm acquired the building from Intuitive...

Bisnow A venture of CP Group, The Georgetown Co., Acre, and StepStone has acquired Mizner Park, an 838,000-square-foot mixed-use property in downtown Boca Raton, Fla. The buyers acquired the 30-acre complex from an affiliate of BGRE, formerly Brookfield...

Dallas Business Journal Scotiabank has acquired Victory Commons One, a 364,428-square-foot office building in Dallas' Victory Park neighborhood. The Toronto financial-services company bought the property from a venture of Hillwood Urban of Dallas and Affinius Capital of San...

New York Business Journal Atlas Capital Group has paid $143 million, or about $558,594/unit, for the 256-unit apartment property at 360 West 43rd St. in Manhattan's Hell's Kitchen neighborhood. The local real estate firm acquired the property from...

Washington Business Journal JBG Smith Properties has sold a 90% interest in 800 North Glebe Road in the Washington, D.C., suburb of Arlington, Va., in a deal that values the 306,200-square-foot office building at $79 million. The buyer...

Commercial Real Estate Direct Staff Report The $325 million mortgage against the Fresno Fashion Fair shopping mall in the California Central Valley city of Fresno is now in default. The loan, scattered among six CMBS conduit transactions, matured...

Affinius Capital has provided $100.3 million of financing to fund the construction of the 326-unit Atmosphere Pittsburgh student-housing property in the city's Oakland neighborhood. The 10-story property, which will have a 672-bed capacity, is being developed by a...

Oxford Properties has provided a $155 million construction loan for the first phase of Buckeye Yards, a 4.13-million-square-foot industrial development in Columbus, Ohio. JLL Capital Markets arranged the financing on behalf of developer Xebec of Austin, Texas, and...

New York Life Investment Management has provided $480 million of mortgage financing against 10 apartment properties with 2,731 units owned by Continental Properties Real Estate Development Fund II LP. The loan was arranged by Walker & Dunlop. It...

Triangle Business Journal DUMAC, the investment arm of Duke University, has bought Erwin Square Plaza, a 238,792-square-foot office building in Durham, N.C. Lionstone Investments of Houston sold the property, which sits on 7.42 acres at 2200 West Main...

Bisnow Terra Universal Inc. has paid about $50.2 million, or roughly $369/sf, for the 136,200-square-foot industrial property at 1500 South Raymond Ave. in Fullerton, Calif. The industrial machinery and cleanroom manufacturer acquired the property from Rexford Industrial Realty,...

Chicago Business Journal Prime Finance has completed its purchase of 225 West Wacker Drive, a 650,812-square-foot office property in Chicago, for $115 million, or $176.70/sf. The San Francisco company teamed with Hines of Houston on its acquisition. The...

W.P. Carey Inc. has paid $26 million for a portfolio of seven Sunoco fuel and convenience retail stores with a total of 15,900 square feet in Arkansas. The New York REIT, which specializes in net-leased industrial, retail, and...

Milwaukee Business Journal An affiliate of Sabra Health Care REIT has paid $50 million, or $367,647/unit, for the Waters of Oak Creek, a 136-unit seniors-housing property in the Milwaukee suburb of Oak Creek, Wis. The Tustin, Calif., REIT...

Commercial Real Estate Direct Staff Report Host Hotels & Resorts has paid $172 million, or $558,442/room, for the 308-room Renaissance Dallas at Plano Legacy West Hotel in the Dallas suburb of Plano, Texas. The Bethesda, Md., REIT purchased...

South Florida Business Journal An affiliate of Welltower has paid $49.09 million, or $409,083/bed, for Glades West Rehab & Nursing Center, a skilled-nursing facility with 120 beds in Miramar, Fla. The Toledo, Ohio, REIT purchased the property from...

Commercial Real Estate Direct Staff Report An affiliate of Lincoln Property Co. has paid $27.5 million, or $90.23/sf, for the 304,772-square-foot Queen City Quarter mixed-use complex in Charlotte, N.C. The Dallas investment manager, whose Charlotte operation is the...

Commercial Property Executive BKM Capital Partners has paid $62 million for Goldenwest Circle Business Park, a 231,000-square-foot industrial property in the Los Angeles suburb of Westminster, Calif. The Newport Beach, Calif., company acquired the property, at 15080 Goldenwest...