Paramount Realty Services has paid $36.5 million, or nearly $401/sf, for the 91,069-square-foot View at Marlton retail center in the Philadelphia suburb of Marlton, N.J. The Lakewood, N.J., investor bought the property as part of a tax-deferred exchange...

Steps are being taken that might indicate that the 346-room Club Quarters Hotel in San Francisco is close to selling, according to a report in the San Francisco Business Times. Last month, a consultant requested a zoning verification...

South Florida Business Journal MCR Hotels has bought the Hilton Miami Airport Blue Lagoon for $118.25 million, or about $232,776/room. The Dallas company acquired the 508-room property, which sits on 20.6 acres at 5101 Blue Lagoon Drive, from...

Commercial Real Estate Direct Staff Report Boston Properties completed 1.14 million square feet of leasing during the fourth quarter, bringing its total volume for the year to 5.7 million sf. The latest quarter's volume compares with the 1.45 million...

Houston Business Journal Woodforest National Bank has bought Town Center I and II, a pair of office buildings totaling about 278,000 square feet in the Houston suburb of The Woodlands, Texas. The local bank purchased the six-story buildings,...

A venture of Harrison Yale Hurst and Richard Rosin has paid $46.5 million, or $553,571/unit, for the LC, an 84-unit apartment property in Los Angeles. The partnership, based in Santa Barbara, Calif., purchased the property from California Landmark...

A venture of Trinity Investments and Credit Suisse has agreed to pay $850 million for the Diplomat Beach Resort and properties next to it in Hollywood, Fla. The venture is buying the properties from Brookfield Property Partners, which...

First Citizens Bank is leading a $65.7 million loan for the construction of the 211-unit Spark Apartments in Redmond, Wash. The property is being developed by MainStreet Property Group of Kirkland, Wash., on a 2.2-acre site at 17515...

Commercial Real Estate Direct Staff Report The buzz is that the venture between Varde Partners and Hawkins Way Capital paid $153.93 million, or $235,000/room, for the 655-room former New York Marriott East Side Hotel at 525 Lexington Ave....

High Street Residential has named Michael Adamo senior vice president, putting him in charge of expanding its apartment development business in the New York, New Jersey and southern Connecticut areas. Adamo joins the Trammell Crow Co. subsidiary from...

Charlotte Business Journal CBRE Investment Management has paid $63.7 million, or about $281,858/unit, for Madison Place, a 226-unit apartment complex in Charlotte, N.C. Madison Capital Group of Charlotte sold the property, at 3125 Furr Court, which was built...

The Holiday Inn FiDi, with 492 rooms at 99 Washington St. in lower Manhattan, has received court approval to be used as a shelter for illegal immigrants, according to a report in Crain's New York Business. The hotel...

Vornado Realty Trust said its fourth-quarter financial results would include an impairment charge of roughly $600 million. A total of roughly $480 million of that write-down is tied to the value of a portfolio of Manhattan properties that...

A venture of Varde Partners and Hawkins Way Capital has purchased the former New York Marriott East Side Hotel at 525 Lexington Ave. in Manhattan. The venture purchased the 655-room property, which no longer is affiliated with Marriott...

Commercial Real Estate Direct Staff Report Deborah Jenkins, the former head of Freddie Mac's multifamily business, has joined Comunidad Partners, an Austin, Texas, investment manager that pursues affordable and workforce-housing properties. Jenkins, who most recently was with Kayne Anderson Real...

JBL Asset Management has paid $63 million for a pair of retail centers with a total of 384,119 square feet in Savannah, Ga. The Hollywood, Fla., investment manager, which owns 2.5 million sf of retail space, bought the...

Commercial Real Estate Direct Staff Report Bridge Investment Group has provided $19.19 million of Freddie Mac financing to facilitate Rise48 Equity's purchase of the 112-unit Eden Apartments in Tempe, Ariz. The Phoenix investment manager purchased the property for...

Commercial Real Estate Direct Staff Report The CMBS delinquency numbers for January improved slightly from the month before, with the total volume of loans that are more than 30 days late with their payments declining by 2.84 percent...

The Real Deal Harrison Street Real Estate Capital has paid $50.8 million, or $540,425/unit, for Oakmont of Silver Creek, a 94-unit seniors-housing property in San Jose, Calif. The Chicago investment and management firm purchased the property from an...

Commercial Observer InterVest Capital Partners is paying $65 million, or $129,224/unit, for a portfolio of seven apartment properties with 503 units in the Bronx, N.Y. The investment manager, formerly Wafra Capital Partners, is buying the portfolio from a...

Berkadia has formed an alliance with Knight Frank that gives each brokerage access to a broader field of investor capital. Knight Frank is a London brokerage and valuation consultant that has a staff of more than 20,000 employees...

Griffin Living has sold Griffin Plaza, comprised of an 85,022-square-foot retail center and the 102-unit Varentia of Simi Valley seniors-housing property, in Simi Valley, Calif., for $22.1 million. The Westlake Village, Calif., development firm sold the property to...

Pacific Western Bank has provided $107 million of construction financing for the 224-unit apartment property that's planned for 585 Union St. in the Gowanus neighborhood of Brooklyn, N.Y. The property is being developed by a venture of Canyon...

Commercial Real Estate Direct Staff Report SL Green Realty Corp. signed 33 leases for 196,421 square feet in Manhattan during the fourth quarter, down sharply from the 52 leases totaling 573,806 sf during the same period a year...

The Real Deal Stonehenge NYC has paid $115 million, or $586,735/unit, for the 196-unit RiverEast apartment building on Manhattan's Upper East Side. The New York investor bought the 32-story property, at 408 East 92nd St., from UBS Realty...