Commercial Observer MF1 Capital has provided a $64 million loan against the 99-unit Elliot apartment property at 151 South Elliott Place in the Fort Greene section of Brooklyn, N.Y. The property was constructed last year by Borough Developers...

Puget Sound Business Journal Bell Partners has paid $78.32 million, or $489,500/unit, for the Milehouse, a 160-unit apartment complex in the Seattle suburb of Redmond, Wash. The Greensboro, N.C., multifamily investor acquired the property from UDR Inc., which...

REBusiness Online A venture of Bridgeway Real Estate Partners and LBX Investments has paid $43 million, or $358.33/sf, for Plaza Del Mar, a 120,000-square-foot office property in San Diego. Bridgeway, of Pasadena, Calif., and LBX, of Beverly Hills,...

South Florida Business Journal Journey Capital has bought the Rise at Flagler Village, a 348-unit apartment building in Fort Lauderdale, Fla., for $108 million, or $310,345/unit. The New York company purchased the 30-story property from Encore Capital Management...

South Florida Business Journal Kurv Industrial has paid $219.7 million, or $268/sf, for the East Pompano Industrial Center, an 819,752-square-foot complex in Pompano Beach, Fla. The Chicago industrial property investor, formerly known as Bridge Industrial, purchased the five-building...

Commercial Real Estate Direct Staff Report Alternative lender 3650 Capital has provided $104 million of financing to facilitate the acquisition of a portfolio of seven apartment properties with 1,495 units in and around Chicago. The portfolio was purchased...

Commercial Real Estate Direct Staff Report PCCP has provided $70 million of financing against 24Fifty at University Park, a 252‑unit apartment property in Denver. CBRE arranged the loan on behalf of the property's owner, DivcoWest of San Francisco,...

Commercial Real Estate Direct Staff Report Deutsche Bank has filed a foreclosure suit against the owner of the 500,000-square-foot Kaufman Astoria Studios Campus in Queens, N.Y. The bank provided $340 million of mortgage financing to fund the property's...

Commercial Real Estate Direct Staff Report An affiliate of Red Tail Acquisitions has paid $25 million, or $217,391/unit, for the 115-unit Exeter apartment property in Seattle. The Irvine, Calif., investor acquired the property from Gibraltar LLC of Seattle,...

Mesa West Capital has provided $81 million of senior debt against the 313-unit Domain Memorial townhome rental property in Houston. The loan will allow the property's owner, Knightvest Capital, to complete unit renovations. The 10-year-old property is at...

Bisnow WC Smith has paid $69.8 million, or $298,290/unit, for the 234-unit Albemarle apartment property in Washington, D.C. The local investor acquired the property from AvalonBay Communities of Arlington, Va., which had owned it since 2013. The most...

Crain's Chicago Business Braemar Hotels & Resorts is offering for sale Sofitel Chicago Magnificent Mile, a 415-unit hotel in the city's Gold Coast neighborhood. The Dallas REIT, formerly known as Ashford Hospitality Prime Inc., hired JLL to market...

Commercial Real Estate Direct Staff Report Morningstar DBRS estimates that the three Club Quarters hotels in Chicago, San Francisco, and Philadelphia that back a $240.7 million mortgage securitized through BX Trust, 2017-CQHP, would recover only $142.7 million in...

Commercial Real Estate Direct Staff Report Capital Group has agreed to pay $210 million, or $150/sf, for Los Angeles' Bank of America Plaza, a 1.4 million-square-foot office property in the city's downtown. The financial services company, the building's...

Commercial Real Estate Direct Staff Report White Lodging has paid $27.75 million, or $78,612/room, for the 353-room Sheraton Raleigh Hotel in the city's downtown area. The Merrillville, Ind., hotel management company purchased the property from an affiliate of PM...

Commercial Real Estate Direct Staff Report Cottonwood Group has provided $102 million of financing for the construction of the 216-room Kimpton Hotel in downtown Salt Lake City. Walker & Dunlop arranged the loan on behalf of Domain Cos....

Northwind Group has provided a $50 million construction loan for the proposed 34-unit residential condominium project at 10 West 17th St. in Manhattan's Flatiron area. The project is being developed by Prosper Property Group of New York on...

Jacksonville Business Journal An affiliate of U.S. Realty Advisors has paid $66.9 million, or $436.87/sf, for the 153,136-square-foot industrial building at 4125 West Cisco Drive in Jacksonville, Fla. The New York company purchased the property from its developer,...

The Real Deal Seagis Property Group has bought the 200,000-square-foot industrial property at 9500 NW 108th Ave. in Medley, Fla., for $48.8 million, or $244/sf. The Conshohocken, Pa., company purchased the warehouse from local clothing supplier Intradeco Apparel, a...

Bank Hapoalim and Naftali Credit Partners have provided $203 million of financing for the conversion of Manhattan's Candler Building into 176 apartment units. The 221,357-square-foot office building, at 221 West 41st St., is being redeveloped by Yellowstone Real...

Sonnenblick-Eichner Co. has arranged an $80 million mortgage against the 162,031-square-foot Del Rey Campus office property in the West Los Angeles area of Marina del Rey, Calif. The loan, which requires only interest payments for its five-year term,...

Commercial Real Estate Direct Staff Report A venture led by Terrace Group has paid $29.63 million, or $109.73/sf, for the 270,022-square-foot River Tech Workplace industrial-flex property in Fridley, Minn., a northern suburb of Minneapolis. Terrace, of St. Paul,...

Commercial Real Estate Direct Staff Report Acacia Capital Corp. has paid $183 million, or $639,860/unit, for the 286-unit Sofia apartment property in the San Francisco Bay Area city of Santa Clara, Calif. The San Mateo, Calif., investment manager...

Commercial Observer A venture led by Patriot Real Estate Holdings has paid $40.5 million, or $810.79/sf, for the 49,951-square-foot office property at 168 Canal St. in Manhattan's Chinatown area. Patriot Real Estate, of Nashville, Tenn., teamed with investors...

South Florida Business Journal Maxx Properties has bought Bell at Plantation, a 250-unit apartment complex in Plantation, Fla., for $70 million, or $280,000/sf. The Purchase, N.Y., company acquired the property from Bell Partners of Greensboro, N.C., which had bought...