Multi-Housing News Z Modular has lined up $62.3 million of bridge financing against the Flatz 512, a 384-unit apartment complex in San Marcos, Texas. A venture of Castle Lanterra and InterVest Capital Partners originated the loan, which is...

FCP has paid $41.25 million, or $273,179/unit, for the 151-unit Yardley Monroe apartment property in the Charlotte, N.C., suburb of Monroe, N.C. The property was developed by Taylor Morrison Inc. of Scottsdale, Ariz., in 2014. It is comprised...

Morningstar DBRS has sharply downgraded the two most senior classes of the CMBS deal that holds a $161.42 million mortgage against nine office properties with 1.39 million square feet owned by a Brookfield Asset Management-sponsored fund. It downgraded...

BDT & MSD Partners and an affiliate of Apollo Global Management have provided $86 million of financing to fund the construction of the 316-unit apartment building that comprises the first phase of the District mixed-use complex in Round...

Commercial Observer CBRE has provided $96 million of Freddie Mac financing against the 360-unit Prospect Place apartment complex in the northern New Jersey city of Hackensack. The two-building property, at 300-310 Prospect Ave., is owned by Khosla Capital...

South Florida Business Journal Azora Private has bought the 55,000-square-foot office building at 3480 Main Highway in Coconut Grove, Fla., for $61 million, or $1,109/sf. The local investment firm purchased the five-story property from a venture of Torose...

Triangle Business Journal DRA Advisors has bought Forty540 II, a 198,424-square-foot office building in Morrisville, N.C., for $45.5 million, or $229.31/sf. The New York company purchased the five-story structure from FCP of Chevy Chase, Md., which had developed...

Commercial Real Estate Direct Staff Report Brookfield Properties has lined up $800 million of fresh mortgage financing against the leasehold interest in the 2.43 million-sf 225 Liberty St. office property in Lower Manhattan. The loan, which is being...

Commercial Real Estate Direct Staff Report The continued weak performance of 521 Fifth Ave. in Midtown Manhattan has prompted S&P Global Ratings to downgrade three bond classes of COMM, 2019-521F, the CMBS deal that holds the 494,527-square-foot office...

Commercial Real Estate Direct Staff Report Bridge33 Capital has paid $71.4 million, or $216.98/sf, for the 329,061-square-foot Sparks Crossing retail property in the Reno, Nev., suburb of Sparks, Nev. The Seattle investment firm acquired the property, at 101...

Commercial Real Estate Direct Staff Report A venture of 601W Cos. and David Werner Real Estate has completed its $41 million, or just more than $28/sf, purchase of the 1.45 million-square-foot office property at 175 West Jackson Blvd....

Asana Partners has paid $151 million, or just more than $596/sf, for Seacliff Village, a 253,234-square-foot retail property that's anchored by an Albertson's grocery store in Huntington Beach, Calif. The Charlotte, N.C., retail property investor bought the shopping...

Commercial Real Estate Direct Staff Report Forethought Life Insurance Co. and Commonwealth Annuity and Life Insurance Co. have provided $160.25 million of mortgage financing against the 421-unit QLIC apartment property at 41-42 24th St. in the Long Island...

Commercial Observer STORE Capital Corp. has paid $103 million, or $421.33/sf, for the 244,466-square-foot office property at 8000 Jones Branch Drive in the Washington, D.C., suburb of Tysons, Va. The Scottsdale, Ariz., REIT acquired the property from Spring...

Commercial Property Executive Equus Capital Partners has paid $95.9 million, or $186.25/sf, for the 514,900-square-foot Greg Center industrial property in Sparks, Nev. The Newtown Square, Pa., investment manager acquired the four-building property from Link Logistics. The property is...

Mesa West Capital has provided $26.9 million of mortgage financing to facilitate Lift Partners' $31.8 million, or $264.24/sf, purchase of the 120,345-square-foot industrial building at 100 Utah Ave. in South San Francisco. Lift, a San Francisco investment manager...

Triangle Business Journal Tishman Speyer has paid $69.6 million, or $285,246/unit, for The Maggie, a 244-unit apartment complex in Raleigh, N.C. The New York company purchased the property from TA Realty of Boston, which had bought it for $91.2...

Commercial Real Estate Direct Staff Report Leasing activity in the Houston office market slowed last quarter to 1.7 million square feet from 1.9 million sf in the third quarter, according to Cushman & Wakefield. For all of last...

San Antonio Business Journal SageView Partners has bought Westridge One and Two, a pair of office buildings totaling 258,959 square feet in San Antonio. The local private equity real estate firm purchased the buildings from Oxford Properties of...

Commercial Observer Wells Fargo Bank has provided $190 million of mortgage financing against the Ink Block and 7INK, a pair of apartment properties with 495 units in Boston. CBRE arranged the floating-rate financing. The 315-unit Ink Block, at...

Commercial Real Estate Direct Staff Report The New York City Council failed to muster the votes needed to override former Mayor Eric Adams' veto of the New York Community Opportunity to Purchase Act, or COPA, that would have...

Denver Business Journal A venture of CP Group and Time Equities has paid $47.5 million, or $51.08/sf, for Denver Place, a 930,000-square-foot office property in downtown Denver. CP, of Boca Raton, Fla., and Time, of New York, acquired...

Austin Business Journal Centurion Property Group has bought Arba San Marcos, a 748-bed student-housing complex in San Marcos, Texas. The Miami company purchased the 240-unit property from Palatine Capital Partners, also of Miami, in a deal brokered by...

Commercial Real Estate Direct Staff Report Lone Star Funds' $130.6 million purchase of the $240 million mortgage against the 359,883-square-foot 600 California St. office building in San Francisco resulted in a $144.03 million loss to the CMBS trust...

Citibank has provided $690 million of financing against a portfolio of 13 apartment properties with 4,077 units throughout Florida, Kentucky, South Carolina, Tennessee, and Texas. Newmark arranged the loan, which is expected to be securitized, on behalf of...