Bloomberg Name: MLCFC 2007-7

Commercial Real Estate Direct Staff Report Michael Development Corp. has paid $26.5 million, or $83.20/sf, for Scottsdale Center, a 318,526-square-foot retail property in Rogers, Ark. The Los Angeles company bought the 23-year-old property, at 503 North 46th St., from the ...

Commercial Property Executive Aspen Real Estate has paid $24.7 million, or $109.31/sf, for Renaissance III, a 225,973-square-foot shopping center in Las Vegas. The Aspen, Colo., company purchased the retail property out of foreclosure from special servicer LNR Partners in a ...

New York Community Bank has provided a $71.3 million loan against the 848-unit SDK Millbridge Gardens apartment property in the Philadelphia suburb of Clementon, N.J. The seven-year loan, arranged by Meridian Capital Group, pays a coupon of 3.75 percent. It ...

The Real Reporter Goldman Sachs is acquiring a stake in 10 Milk St., a 221,887-square-foot office building in Boston. The 11-storty property is owned by a venture of Synergy Investments, Independencia SA and GreenOak Real Estate, which is being represented ...

Aareal Capital Corp. has provided $37.5 million of mortgage financing against the 216-room Warwick Denver Hotel. The property, at 1776 Grant St. in the city's downtown, is owned and operated by Warwick International Hotels, which operates 58 high-end hotels globally. ...