Derby Lane Partners has provided $175 million of financing to fund the conversion of the 400,000-square-foot office property at 80 Broad St. in Lower Manhattan into 326 apartment units. The property is being converted by a venture of...

Commercial Real Estate Direct Staff Report An affiliate of Noble Investment Group has paid $37.4 million, or $174,766/room, for the 214-room Renaissance Reno Downtown Hotel in Reno, Nev. The Atlanta investor acquired the property, at 1 Lake St.,...

Commercial Real Estate Direct Staff Report The $425 million CMBS loan against the 1.19 million-square-foot JACX office complex in Queens, N.Y., is unlikely to get refinanced by its September maturity. As a result, the loan, securitized through BAMLL...

A venture of Bulldog Real Estate Partners and Acram Group has paid $46 million, or $460/sf, for the 100,000-square-foot office property at 88 University Place in Manhattan's Greenwich Village area. The venture acquired the property from CIM Group, which...

Commercial Real Estate Direct Staff Report Outlet Shoppes at Gettysburg, a 249,937-square-foot retail property in Gettysburg, Pa., was reappraised at the end of last year at a value of $14.8 million. CBL & Associates Properties Inc. owns the...

Commercial Real Estate Direct Staff Report Ashford Hospitality Trust has sold La Posada de Santa Fe, a 157-room hotel in Santa Fe, N.M., for $57.5 million, or $366,242/room. The buyer is a limited liability company called Abo Sada,...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating S&P Rating KBRA Price % Yield % Final Pricing (bp) Bnch mrk A-1 15.26 30.00 2.79 AAA AAA AAA 99.9979 4.8681 +88 J-spread A-SB 20.15...

Blackstone and New York Life Insurance Co. have provided $238 million of financing against the 561,466-square-foot Lincoln Square North office property in the Seattle suburb of Bellevue, Wash. The loan was arranged by Newmark on behalf of the...

FS Credit REIT has provided a $74.48 million loan against the 267,294-square-foot Shops at Stonefield in Charlottesville, Va. The retail property, at 2100 Hydraulic Road, is owned by O'Connor Capital Partners of New York, which bought it in...

JLL Income Property Trust has paid $32.15 million, or $613/sf, for the 52,487-square-foot West Boston Medical Center property in the Boston suburb of Watertown, Mass. The Chicago REIT, whose shares do not trade on any exchange, acquired the...

Commercial Observer Thor Equities has paid $56 million, or $965.52/sf, for the 58,000-square-foot mixed-use building at 1165 Broadway in the NoMad section of Manhattan. The New York investor acquired the six-story property, the former Coleman House hotel that...

South Florida Business Journal COFE Properties has bought Westside Plaza I and II, a pair of neighboring office buildings totaling 276,637 square feet in Doral, Fla., for $63 million, or $227.74/sf. The Miami company purchased the properties from...

Puget Sound Business Journal Northwest Building LLC has paid $76.5 million, or $283.33/sf, for Gateway North, a 270,000-square-foot industrial and data center property in Tukwila, Wash., a southern suburb of Seattle. The Kirkland, Wash., investment firm acquired the...

PCCP has provided $180.5 million of senior mortgage financing against the 2.1 million-square-foot Oakland Park industrial complex in the Detroit suburb of Highland Park, Mich. The loan allowed the 10-building property's owner, a venture of Boston-based companies AEW...

Commercial Real Estate Direct Staff Report Tech Park @ Goleta, a 733,497-square-foot mixed-use complex in the Southern California coastal city of Goleta, has sold for $235 million, or $320.38/sf. The 17-building property was sold by Majestic Asset Management...

Commercial Real Estate Direct Staff Report The 31 apartment properties with 3,505 units in New York City that back a troubled $506.3 million CMBS loan continue to face challenges, with expenses growing at a far faster clip than...

Atlanta Business Chronicle Healthpeak Properties has paid $240 million, or $677,966/unit, for two seniors-living properties with a total of 354 units in the Atlanta suburb of Marietta, Ga. The Denver healthcare property REIT purchased the two from limited liability...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Moody's Rating DBRS Morningstar Price % Yield % Final Pricing (bp) Bnch mrk A-1 3.11 30.00 2.50 AAA Aaa AAA 99.99915 4.7493 +88 J-spread A-2...

South Florida Business Journal CIM Real Estate Credit has filed a foreclosure suit against the owner of the Goodtime Hotel in Miami Beach, Fla. The 266-room property, at 601 Washington Ave., serves as collateral for a $164 million...

Commercial Real Estate Direct Staff Report Washington Federal Bank has provided $88 million of financing for the construction of the 360-unit Leeway apartment property in the northern Seattle suburb of Shoreline, Wash. JLL Capital Markets arranged the loan...

OpenAI has agreed to fully lease the 450,000-square-foot office property at 350-380 Ellis St. in the Bay Area neighborhood of Mountain View, Calif. The artificial intelligence company was represented by JLL, while Newmark represented the landlord. KKR Real...

Commercial Real Estate Direct Staff Report Iconic Property Partners has paid $44.7 million, or $120,161/unit, for the 372-unit Deercross apartment property in Indianapolis. The Mahwah, N.J., investor acquired the property, at 7007 Deer Path Drive, from Wilkinson Corp....

Nashville Business Journal EPR Properties has paid $70 million, or $421,687/room, for the 166-room Margaritaville Nashville Hotel in downtown Nashville, Tenn. The Kansas City, Mo., company purchased the 12-story property from its developer, an affiliate of Safe Harbor...

Axonic Capital has provided $50 million of senior mortgage financing against the 245,000-square-foot Merchants Exchange Building in the heart of San Francisco's financial district. The loan has a three-year term but comes with two one-year extension options. It...

Commercial Real Estate Direct Staff Report The Queens Place retail property in the Elmhurst neighborhood in Queens, N.Y., which is encumbered by $110 million of financing, has been reappraised at a value of $90 million. The circular property...