Owner of Orlando, Fla., Hotel Hit with Foreclosure Suit

ACRE, formerly known as Asia Capital Real Estate, has provided $435 million of financing to fund Peak Capital Partners’ $625 million, or $416,667/unit, purchase of the 150-unit Connect at First Creek in Denver The loan, arranged by KeyBank...

Commercial Real Estate Direct Staff Report A group of lenders led by JPMorgan Chase Bank has provided $415 million of financing against 3 Times Square, an 850,000-square-foot office property in midtown Manhattan The group includes Bank of America...

Charlotte Business Journal A venture of Childress Klein and The Springs Co has sold Kingsley Park VII, a 58,937-square-foot office building in the Charlotte, NC, suburb of Fort Mill, SC, for $1665 million, or about $28251/sf Waitt Co of Omaha, Neb,...

Tampa Bay Business Journal Lurin has paid more than $132 million, or about $191,582/unit, for the Cove on the Bay apartment property in Tampa, Fla The Dallas investment firm bought the 689-unit property from Gamma Real Estate, which had purchased it...

Tampa Bay Business Journal Colliers’ Florida Multifamily Team has negotiated the sale of the newly built Solle, a 47-unit apartment property in Sarasota, Fla, for $2335 million, or about $496,809/unit The buyer and seller were not identified...

Charlotte Business Journal Edgewater Ventures and Stockbridge Capital Group have paid $135 million, or about $8832/sf, for a 152,852-square-foot industrial building in Charlotte, NC The Boy Scouts of America sold the property, at 2109 Westinghouse...

South Florida Business Journal An affiliate of Rockpoint Group has sold 1221 Brickell, a 656,821-square-foot office building in Miami for $2865 million, or about $43619/sf A company managed by Randall Davis of Palm Beach, Fla, was the buyer The...

Commercial Real Estate Direct Staff Report The $12138 million CMBS loan that Hull Property Group had assumed when it purchased the Westfield Citrus Park Mall in Tampa, Fla, no longer amortizes It’s not yet known how much Hull, of Augusta, Ga,...

Multi-Housing News A venture of MRP Realty and Barings has lined up $694 million of financing for the third phase of the Washington Gateway mixed-use complex in Washington, DC Santander Bank provided the loan, which was arranged by Eastdil Secured...

The Real Deal Innovo Property Group, which late last year had struck a deal to buy the 864,303-square-foot office building at 452 Fifth Ave in midtown Manhattan, hasn’t completed its purchase and lost its $35 million deposit Innovo was to have...