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...

Dwight Mortgage Trust has provided $67.5 million of financing against the 260-unit Elements at Saratoga Lake townhome-apartment community in Saratoga Springs, N.Y. The property was developed in 2024 at 1 Forest Ridge Blvd. by Blue Iron Development of...

Asana Partners has paid $51 million, or $644.69/sf, for Gateway Center, a 79,108-square-foot retail center in Mission Viejo, Calif. The Charlotte, N.C., investment manager acquired the property, at 23972-24042 Alicia Parkway, in an all-cash deal from DJM Capital...

Crain's New York Business Tishman Speyer is in advanced talks to purchase the 1.2 million-square-foot Chrysler Building in Manhattan. The New York investor would acquire the property from Cooper Union, which last year hired Savills to market the property...

Commercial Real Estate Direct Staff Report Last year, 402,175 apartment units were delivered across the country, according to Cushman & Wakefield. At the same time, 355,628 units were absorbed, marking the fourth year in a row in which...

LaSalle Investment Management has paid $50 million, or $114.49/sf, for Bullitt II Logistics Center, a 436,716-square-foot industrial property in Shepherdsville, Ky., a southern suburb of Louisville, Ky. The Chicago investment manager acquired the property, at 251 Buffalo Run...

Greystone has provided $49.2 million of Fannie Mae mortgage financing against the 150-unit SoNo Central apartment property in Norwalk, Conn. The loan has a 10-year term and requires only interest payments for its first three years, after which...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Moody's Rating Fitch Rating KBRA Price % Yield % Final Pricing (bp) Bnch mrk A-1 4.49 30.00 2.36 Aaa AAA AAA J-spread A-2 150.00 30.00 4.72 Aaa...

Commercial Real Estate Direct Staff Report BXP Inc. has sold $1.1 billion of its properties, putting it nearly 60% of the way to its $1.9 billion target. The Boston REIT, the former Boston Properties Inc., set its disposition...

Commercial Real Estate Direct Staff Report MG Properties has paid $91 million, or $505,555/unit, for the 180-unit Dylan Point Loma apartment property in San Diego. The San Diego investment manager acquired the property, at 2930 Barnard St., from...

South Florida Business Journal IMC Equity Group has paid $33.5 million, or $164,216/unit, for the Pine Grove Apartments, a 204-unit complex in Homestead, Fla. The North Miami company purchased the property from Marlin Spring US Realty of Toronto,...

Charlotte Business Journal Passco Cos. has purchased the 340-unit Preston Ridge Apartments in Hickory, N.C., for $73.1 million, or $215,000/unit. The Irvine, Calif., company bought the property from an affiliate of Lat Purser & Associates of Charlotte, N.C.,...

SL Green Realty Corp., which last month sold a 49% stake in Manhattan's 100 Park Ave. to Rockpoint Group, has negotiated a modification of the 874,200-square-foot office building's $382.87 million loan, effectively extending its term an additional year. The...

Commercial Real Estate Direct Staff Report BXP Inc. is in talks with a prospective tenant that would take roughly 150,000 square feet, or about 16%, of the 930,000-sf 343 Madison Ave. office building the REIT is constructing across...

Philadelphia Business Journal L&B Realty Advisors has paid $82.4 million, or $359,825/unit, for the 229-unit Granary apartment property in the Logan Square section of Philadelphia. The Dallas investment manager acquired the property from LaSalle Investment Management, which paid...

Minneapolis/St. Paul Business Journal Greystar Worldwide has paid $53 million, or $200,757/unit, for the 264-unit Arbor Glen apartments in Maple Grove, Minn., a northwestern suburb of Minneapolis. The Charleston, S.C., real estate giant acquired the property, at 9325...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Kroll Rating S&P Price % Yield % Final Pricing (bp) Bnch mrk A-1 17.19 30.00 2.89 AAA AAA AAA 99.99989 4.33498 +70 J-spread A-2-CS 10.00...

South Florida Business Journal A venture that consists of Pebb Capital, Wharton Properties, and Lane Capital Partners has bought the Design 41 mixed-use building in Miami for $72.5 million. Design District Development Partners LLC of Sarasota, Fla., sold...

Triad Business Journal DRA Advisors has paid $60.85 million, or $246,357/unit, for the 247-unit Hawthorne at the Parkway apartment complex in Cary, N.C. The New York company purchased the three-story property Hawthorne Residential Partners of Greensboro, N.C., which...

Bisnow Blackstone is considering selling Willis Tower, a 3.79 million-square-foot office property in Chicago. The New York investment manager has reportedly had conversions with a group of investors that are willing to assume the property's $1.33 billion of...