Trion Properties has paid $108.75 million, or $270,522/unit, for the 402-unit Terra Village apartment property in the Denver suburb of Edgewater, Colo. The Los Angeles investment manager is rebranding the 52-year-old property, at 6201 West 26th Ave., as...

Triad Business Journal Magnolia Capital has paid $124.25 million, or about $325,262/unit, for the Preston View Apartments, a 382-unit property in Morrisville, N.C., about 12 miles west of Raleigh, N.C. The Chicago company bought the three-story complex from...

Fortress Investment Group has provided $269 million of financing for the construction of Nautilus 220, a proposed residential condominium project in Lake Park, Fla. The loan was arranged by Concord Summit Capital of Denver, while law firm Arnstein...

Columbia Property Trust Inc., which nearly three years ago had acquired investment manager Normandy Real Estate Management, has spun off the funds it had assumed through that transaction to a company led by one of Normandy's co-founders. The spin-off...

Commercial Observer A venture of Electra America and AKA has purchased the 152-room One Washington Circle Hotel in Washington, D.C., for $49 million, or $322,368/room. The property, at 1 Washington Circle, was purchased from George Washington University, which...

Alternative lender 3650 REIT provided the $170 million of financing for the construction of the 364-unit LOFTY Brickell, a luxury residential condominium building that Newgard Development Group is building along the Rio Miami waterfront in Miami's Brickell neighborhood....

Wall Street Journal A venture of Black Spruce Management and Orbach Affordable Housing Solutions has agreed to buy six apartment buildings with about 1,700 units on Manhattan's Upper East Side for $1.75 billion. Since many leases in the...

The Real Deal Two Kings Real Estate has bought the 226-room Holiday Inn Hotel in the Chelsea section of Manhattan for $80.3 million, or $335,309/room. Watermark Lodging Trust sold the property, at 125 West 36th St., which has...

NewPoint Real Estate Capital has provided $69 million of mortgage financing under the U.S. Department of Housing and Urban Development's 223(f) program against the 255-unit Ascent apartment property in the Denver suburb of Westminster, Colo. The loan allowed...

Sundance Bay has paid $46.5 million, or $184,524/unit, for the 252-unit Port Royale apartment complex in Sierra Vista, Ariz. The Salt Lake City investment manager bought the property, on 13 acres at 1201 North Colombo Ave., from Element...

Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc. has offered to purchase, at a discount, the two loans totaling $112.1 million against its Jefferson Mall in Louisville, Ky., and Southpark Mall in suburban Richmond, Va....

REBusiness Online EverWest Real Estate Investors has paid $96.3 million, or $563,157/unit, for the Graphic Lofts, a 171-unit apartment complex in the Sullivan Square section of Charlestown, Mass. The Denver investment manager bought the property from Berkeley Investments...

SL Green Realty Corp. has partnered with a group of institutional investors from South Korea and Israel on its $445 million, or $1,320/sf, purchase of the 337,000-square-foot office building at 450 Park Ave. in midtown Manhattan. The group...

NewPoint Real Estate Capital LLC has hired Henry "Skip" Martinson, a 22-year industry veteran, as managing director of conventional originations. Martinson joins from PNC Real Estate, where he was senior vice president in its Southeast region and originated...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch Rating Moody's Rating Kroll Pricing % Yield% Final Pricing (bp) Bnch mark A-1 6.78 30.00 2.49 AAA Aaa AAA 99.999 4.490 +135 P-spread A-2 97.87 30.00 4.86 AAA...

Pennsylvania REIT has sold its 25 percent stake in Gloucester Premium Outlets, a 376,967-square-foot outlet center in the Philadelphia suburb of Blackwood, N.J. The Philadelphia company received a total of $35.4 million for its stake, valuing the property...

The Real Deal A venture of Skylight Real Estate Partners and PCCP LLC has bought the 99-unit Grand Adams apartment property in Hoboken, N.J., for $56.7 million, or $572,727/unit. JLL Capital Markets arranged PCCP's equity investment in the...

The Real Deal A venture of Nelson Management, JPMorgan Asset Management and L+M Development Partners is offering for sale the Lafayette Boynton and Promenade Nelson apartment complexes, with a total of 1,290 units in the Bronx, N.Y. Eastdil...

An affiliate of Hampshire Properties has purchased the 276-unit Mansion at Bala apartment property in Philadelphia. The Brooklyn, N.Y., affiliate, Rose Valley Capital, bought the 12-year-old property from Winther Investment Inc. of Houston. It funded the purchase with...

Commercial Real Estate Direct Staff Report A venture of Asland Capital Partners and Pembroke Residential Holdings has lined up $100 million of financing, from a mix of low-income housing tax credits and state-issued housing bonds, for the construction...

DB Capital Management has paid $24.55 million, or $164,765/unit, for Gardens on Paris, a 149-unit apartment property in Aurora, Colo. The Playa Vista, Calif., investment manager, which has about $500 million of assets under management, bought the 53-year-old...

Dallas Morning News An affiliate of TTI Capital has lined up $75.29 million of financing for its purchase of The Travis, a 345-unit apartment property in suburban Dallas. Marcus & Millichap's Institutional Property Advisors unit arranged the financing...

PGIM Real Estate has provided $40 million of financing against the 113-unit LL Hawkins Apartments and the neighboring Slabtown Marketplace in Portland, Ore. The five-year loan with a fixed coupon was arranged by CBRE. The property, at 1515...

FS Credit Real Estate Income Trust Inc. has paid $205.5 million, or $790.40/sf, for 555 Aviation Blvd., a creative-office property with 260,000 square feet in the Los Angeles suburb of El Segundo, Calif. The Philadelphia mortgage REIT bought...

Atlanta Business Chronicle The Interlock, a 305,000-square-foot office building in Atlanta's West Midtown area, has been brought to the sales market. SJC Ventures owns the property, which is expected to sell for $213.5 million, or $700/sf. Cushman &...