General News

Philadelphia Business Journal Exeter Property Group has paid $20.2 million, or $136.49/sf, for the 148,000-square-foot office building at 931 South Matlack St. in the Philadelphia suburb of West Chester, Pa. The Conshohocken, Pa., investment manager bought the property from First...

Philadelphia Business Journal MRP Realty has paid $210 million, or $150/sf, for 43 industrial properties with 1.4 million square feet in suburban Philadelphia. The Washington, D.C., company bought the properties from the Gambone Group of East Norriton, Pa. The portfolio...

KKR & Co. has provided $72.9 million of financing for the Beacon, a 187-unit apartment building in downtown Cleveland. The seven-year loan, which pays a four percent coupon, was arranged by Berkadia. It allowed the 29-story property's developer and owner,...

Audubon Communities has paid $59.3 million, or $292,118/unit, for the 203-unit Square One apartment property in the Atlanta suburb of Sandy Springs, Ga., The Atlanta apartment investor, which was founded in 2003 by Andrew Schwarz, a former head of acquisitions...

Asia Capital Real Estate has raised $325 million for ACRE Credit Fund I, exceeding its $300 million target. The Atlanta alternative lender started raising capital for its fund early last year. Among those contributing capital included institutional investors, such as...

Commercial Real Estate Direct Staff Report Bank Leumi has provided $37 million of financing against the 116-unit apartment property at 222 Johnson Ave. in Brooklyn, N.Y. The loan allowed the property's owner, Slate Property Group of New York, to retire $35.5...

A venture of Amstar and Searles Property Group has paid $80.8 million, or $338.07/sf, for Westlake Park Place, a 239,003-square-foot office property in Westlake Village, Calif. Amstar, of Denver, and Searles, of Newport Beach, Calif., purchased the property from Invesco...

Commercial Real Estate Direct Staff Report KKR Real Estate Finance Trust, which last Friday priced a $1.3 billion collateralized loan obligation backed by commercial mortgages, will be calling, or retiring, the remaining bonds from a CLO it had issued three...

RLJ Lodging Trust has agreed to pay $58 million, or $311,828/room, for the 186-room Hampton Inn & Suites Midtown hotel in Atlanta. The Bethesda, Md., REIT is buying the property from North Point Hospitality of Atlanta, which had developed it...

Dallas Morning News An affiliate of HASTA Capital has lined up $56.1 million of Freddie Mac financing for its purchase of the Mondrian, a 218-unit apartment building in Dallas' Uptown area. Walker & Dunlop arranged the financing. Additional details about...