The Durst Organization is offering for lease nearly all of the 655,208 square feet at its 114 West 47th St. office building in Midtown Manhattan. The New York developer is working with CBRE to lease the space, calling...

Crain's Chicago Business The State Teachers Retirement System of Ohio has paid $85 million, or $400,943/unit, for the 212-unit Fynn apartment property in Elmhurst, Ill., a western suburb of Chicago. The pension fund acquired the property from an...

Commercial Real Estate Direct Staff Report An estimated $797.1 billion of loans against commercial properties come due this year, according to Trepp Inc. That's roughly 16% of the $5.03 trillion universe of loans against income-producing properties. Banks hold...

PCCP has provided $78 million of financing against the 367-unit Alexan Evans Station apartment property in Denver. The property, at 2121 South Broadway, next to a light-rail station and near an on-ramp to State Route 85, was developed...

Philadelphia Business Journal Goldenberg Group is offering for sale Water Tower Square, a 269,000‑square‑foot shopping center in Lansdale, Pa., for sale. The suburban Philadelphia company has tapped CBRE to market the fully occupied property, which comes to market...

Commercial Real Estate Direct Staff Report The owner of Chicago's 2.78 million-square-foot Aon Center office property is looking to negotiate a term extension of the property's $536 million senior mortgage. The loan, which is senior to $141.5 million...

New York Post Citadel Securities isn't the only company rethinking its New York City expansion plans. Apollo Global Management, which is planning a second headquarters, is eyeing Florida or Texas. And it has said the bulk of its...

Commercial Real Estate Direct Staff Report Verizon Communications Inc., which last year signed for 203,000 square feet at the 1.62 million-square-foot Penn 2 office building in Midtown Manhattan, has decided against building out its space and instead is...

Baltimore Business Journal Macerich Co. has acquired the 1.5 million‑square‑foot Annapolis Mall in Annapolis, Md., for $260 million, or $173.33/sf. The Santa Monica, Calif., REIT bought the enclosed mall from a venture led by Centennial, a unit of...

Northwind Group has provided $401 million of mortgage financing for the Ritz-Carlton Residences Palm Beach Gardens, a 106-unit residential property that Catalfumo Cos. is developing in Palm Beach Gardens, Fla. The loan, arranged by Berkadia, is backed by...

Commercial Real Estate Direct Staff Report The commercial real estate market is enjoying a period of substantial lender liquidity. Properties that have been stabilized will generally be able to get financing and often will find offers from a...

S3 Capital has completed capital raising efforts for its latest debt fund, S3 LP RE Credit Fund III. The New York investment manager raised a total of $1.32 billion, with $465 million of that through a co-investment vehicle....

The Real Deal RPM Living has paid $151.4 million, or $398,421/unit, for Biscayne Shores, a 380‑unit residential complex in Miami. The Austin, Texas, multifamily investor acquired the property from a venture of Integra Investments, Korgeous Group, and DCL...

Commercial Real Estate Direct Staff Report Vornado Realty Trust's plans to redevelop its 585,000-square-foot office building at 350 Park Ave. in Midtown Manhattan into a 1.7 million-sf structure that would house Citadel Enterprises Americas' headquarters hit a stumbling...

Commercial Real Estate Direct Staff Report The commercial real estate sector has become increasingly bifurcated. Class-A properties, even offices, are doing quite well. Others: not so much. That was the meat of the discussion at the Bifurcation and...

Commercial Real Estate Direct Staff Report Lenders of all stripes are bullish. They've got plenty of capital to lend and property owners have accepted the fact that interest rates will remain higher than what became the norm until...

Freddie Mac funded $12.85 billion of multifamily loans during the first quarter, up 30% from the $10 billion it funded a year ago, but 55% less than the $29 billion it funded during last year's fourth quarter. The...

Commercial Real Estate Direct Staff Report The second annual Trepp Connect conference got underway earlier today in Manhattan's Rockefeller Center, with more than 200 attendees. After opening remarks by Annemarie DiCola, chief executive of Trepp Inc., Victor Calanog,...

Commercial Real Estate Direct Staff Report The $80 million CMBS loan against the 441,523-square-foot 3000 Post Oak Blvd. office building in Houston's Galleria area is headed to foreclosure. The loan is divided among three CMBS deals, with a...

Fannie Mae funded 669 multifamily loans with a balance of $17.1 billion during the first quarter, up nearly 45% from the $11.8 billion it funded a year ago. The latest quarter's volume increased the housing-finance agency's book of...

Commercial Real Estate Direct Staff Report Weak demand for space from biotechnology companies helped contribute to a drop in the occupancy rate of Alexandria Real Estate Equities Inc.'s portfolio to 87.7% in the first quarter from 91.7% a...

South Florida Business Journal Bowery Properties has bought Cascades at the Hammocks, a 264‑unit apartment property in Miami, for $65.5 million, or $248,106/unit. The local investor purchased the three-story complex from an affiliate of Grand Peaks Properties of...

South Florida Business Journal An affiliate of Property Reserve, the real estate investment arm of the Church of Jesus Christ of Latter‑day Saints, has paid $240 million, or $526,316/unit, for Uptown Boca Villas, a 456‑unit apartment complex in...

Commercial Real Estate Direct Staff Report Blackstone is aiming to raise $1.75 billion through its data-center REIT, Blackstone Digital Infrastructure Trust Inc. Early last month, the giant investment manager filed its plans with regulators to raise public capital for...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating S&P Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 3.96 30.00 2.44 AAA AAA AAA 99.99957 4.62434 +73 J-spread A-2 80.00...