Hoodline Gindi Capital has paid $55 million, or $337.42/sf, for the 163,000-square-foot office property at 25 Elm Place in downtown Brooklyn, N.Y. The Gindi family office—Ralph Gindi founded the Century 21 department store chain in 1961—bought the 106-year-old...

Crain's Chicago Business Barings has provided $156.7 million of financing to facilitate Onni Group's purchase of the 1.1 million-square-foot office property at 161 North Clark St. in Chicago. Onni, of Vancouver, British Columbia, paid $125 million, or $113.64/sf,...

Commercial Real Estate Direct Staff Report JPMorgan Chase Bank has agreed to provide $282.5 million of mortgage financing against the 825,905-square-foot office property at 1325 Ave. of the Americas in Manhattan. The five-year loan is slated to be...

Commercial Real Estate Direct Staff Report Whitestone REIT, which owns 56 community shopping centers with 4.9 million square feet in Texas and Arizona, has struck a deal to be acquired by Ares Real Estate Management for $19/share in...

South Florida Business Journal An affiliate of Nuveen Real Estate has bought Coral Landings III, a 172,526‑square‑foot shopping center in Margate, Fla., for $46.3 million, or $268.37/sf. The Chicago company purchased the retail property from Sterling Organization of...

Commercial Real Estate Direct Staff Report BKM Capital Partners has paid $43 million, or $185.34/sf, for the 232,000-square-foot Northwest Business Park industrial property in Phoenix. The Newport Beach, Calif., investment manager acquired 11-building property, at 2310-2440 West Mission...

Commercial Real Estate Direct Staff Report Concerns of an oversupply of multifamily units and the impact it might have on property fundamentals have pushed the major apartment REITs to pull back on development in 2026. That's according to...

Charlotte Business Journal CBRE has been tapped to market for sale the Queen City Quarter mixed-use complex in Charlotte, N.C. The property, formerly known as the EpiCentre, is being marketed on behalf of CWCapital Asset Management, special servicer for...

South Florida Business Journal Welltower Inc. has purchased the Arbor at Lake Worth, a 377‑unit assisted-living facility in Lake Worth, Fla., for $87.2 million, or about $231,300/unit. The Toledo, Ohio, company bought the property from Focus Healthcare Partners...

Commercial Real Estate Direct Staff Report Beal Bank has provided $176 million of non-recourse mortgage financing against four retail properties owned by CBL & Associates Properties Inc., allowing the Chattanooga, Tenn., REIT to completely refinance what had been...

Crain's Chicago Business Standard Real Estate Investments and Belay Investment Group has paid $61 million, or $238,281/unit, for Martin's Point, a 256-unit apartment property in the Chicago suburb of Lombard, Ill. Standard and Belay, both of Los Angeles,...

Commercial Observer MF1 Capital has provided $170 million of financing for the completion of the 354-unit apartment property at 2366 Bedford Ave. in the Flatbush neighborhood of Brooklyn, N.Y. The property, which is set to open this year,...

National Life Group has provided $26.75 million of financing against the 90-unit 8th & U Apartments in San Diego. Northmarq arranged the three-year loan, which can be extended. The property, at 3843 8th Ave., was developed last year...

The Real Deal A venture of Metro Loft Management and Quantum Pacific Group has agreed to pay about $100 million, or $262.54/sf, for One Whitehall St. in Lower Manhattan, with plans to convert the 380,895-square-foot office building into...

Charlotte Business Journal Ares Management Corp. is offering for sale ThExchange, a 568,811-square-foot office complex in Charlotte, N.C. The Los Angeles investment manager has tapped CBRE to market the 14-building property. It took title to the property in...

Denver Business Journal The Dinerstein Cos. has paid $137.3 million, or $629,816/unit, for Steele Creek, a 218-unit apartment property in Denver. The Houston investment firm acquired the property, at 3222 East 1st Ave., from UDR Inc., which bought...

QuadReal Property Group has provided $144 million of financing for the construction of Carina, a 408-unit apartment property in Santa Ana, Calif. JLL arranged the three-year loan, which pays a floating-rate coupon, on behalf of the property's developer,...

Commercial Real Estate Direct Staff Report Aurora Capital Associates has paid $54 million, or $675/sf, for the 80,032-square-foot Scribner Building and its neighboring Redfern Building in Midtown Manhattan. The Cayre family office, which is led by Robert Cayre,...

Bisnow Allan Bailey Johnson Group has paid $134 million, or $500/sf, for the 268,000-square-foot FBI Boston Division headquarters building at 201 Maple St. in Chelsea, Mass. The agency relocated to the eight-story building from Boston nine years ago....

Commercial Property Executive Western Realco has paid $40.7 million, or $304.10/sf, for a 133,836-square-foot office property at 600 East Vermont Ave. in Anaheim, Calif. The Newport Beach, Calif., investment firm acquired it from Rexford Industrial in a deal...

Commercial Real Estate Direct Staff Report A venture of Basis Industrial and One Investment Management has paid $144.6 million for a portfolio of three shallow-bay industrial complexes with 839,001 square feet in the Atlanta and Orlando, Fla., areas....

The Real Deal Namdar Realty Group is said to be paying about $280 million, or nearly $515/sf, for the 543,743-square-foot office building at 250 West 57th St. in Manhattan. The Great Neck, N.Y., investor is buying the 26-story...

Carmel Partners has raised $1.35 billion of commitments for its latest investment vehicle, Carmel Partners Investment Fund 9. The fund is a follow-up to Fund 8, through which the San Francisco investment manager raised $1.5 billion in 2023....

Commercial Real Estate Direct Staff Report Principal Asset Management has paid $97.35 million, or $360,555/unit, for the 270-unit Biltmore at Camelback apartment complex in Phoenix. The Des Moines, Iowa, investment manager acquired the property from an affiliate of...

Commercial Real Estate Direct Staff Report The weighted average capitalization rate for net-leased properties has declined for the first time in 15 consecutive quarters, according to the Boulder Group. The overall cap rate for properties offered for sale...