The Real Deal The CMBS trusts that held the $122.93 million loan against the 750 Lexington Ave. office property in Midtown Manhattan have taken title to the property through a foreclosure held last week. The two trusts are...

Crain's Chicago Business Sterling Bay is offering for sale the 197,433-square-foot office property at 345 North Morgan St. in Chicago. The local developer has tapped JLL to market the property, which was developed in 2022. The 11-story building...

Commercial Real Estate Direct Staff Report The CMBS trusts that hold a $130 million loan against 90 Hudson St. in Jersey City, N.J., could soon take title to the 431,658-square-foot office building. Servicer notes compiled by Trepp Inc....

Meadow Partners has made a $62 million preferred equity investment in the 51 Astor Place office building in Manhattan's Midtown South submarket. The 386,000-square-foot property is owned by a venture of Edward J. Minskoff Equities and the Korean Teachers'...

Commercial Real Estate Direct Staff Report Stockdale Capital Partners has paid $110.25 million, or $329,105/unit, for Avant at Fashion Center, a 335-unit apartment property in Chandler, Ariz. The Los Angeles investment manager acquired the property, at 555 South...

New York Business Journal Evergreen Peak has paid $43.7 million, or $2,731/sf, for the 16,000-square-foot mixed-use property at 90 Wooster St. in the SoHo section of Manhattan. The New York developer acquired the property, with office and retail space,...

Värde Partners has provided $54 million of financing against Edmond Curtis Park, a 185-unit apartment property in Denver. JLL Capital Markets arranged the three-year loan, which pays a floating coupon, on behalf of the property's owner and developer,...

Commercial Real Estate Direct Staff Report Namdar Realty Group has paid $66 million, or $63/sf, for the 1.05 million-square-foot Jefferson Tower office building in Houston. The Great Neck, N.Y., investor, which is best known for buying distressed malls...

Commercial Real Estate Direct Staff Report Carmel Partners has paid $141.38 million, or $579,426/unit, for the 244-unit Stella apartment property in the Los Angeles suburb of Marina Del Rey, Calif. The San Francisco investment manager acquired the property,...

Commercial Real Estate Direct Staff Report Chronic cash flow issues at Park Place at Florham Park in northern New Jersey could soon result in its transfer to the CMBS trusts holding a $62.5 million loan against the 360,265-square-foot...

Kennedy Wilson has paid $135 million, or $196,506/unit, for the Chadwick, a 687-unit apartment property in Los Angeles' Koreatown neighborhood. The Beverly Hills, Calif., investment manager acquired the property, at 209 South Westmoreland Ave., from LeFrak of New...

Commercial Real Estate Direct Staff Report Palisades Center Mall in New York's Rockland County is scheduled to be sold at a foreclosure auction on Feb. 4. News of the pending foreclosure auction was reported first by the Rockland...

Commercial Real Estate Direct Staff Report Security Properties Inc. has recapitalized the 398-unit Anthology Apartments in Issaquah, Wash., in a deal that values the property at $191.99 million, or $482,386/unit. The recapitalization involved bringing in a new capital...

Commercial Real Estate Direct Staff Report Investor Capital Group has paid $22 million, or $115,789/unit, for the 190-unit Vertical East Apartments in Tucson, Ariz. The Seattle investment manager acquired the property, at 2050 North Pantano Road, from Vertical...

Triangle Business Journal An affiliate of Delaware Life Insurance Co. has bought the 376-bed Live on Hillsborough student-housing complex in Raleigh, N.C., for $52.7 million, or $140,160/bed. The Zionsville, Ind., company purchased the 203-unit property from a venture...

Commercial Real Estate Direct Staff Report Weidner Apartment Homes has paid $287.44 million, or $439,510/unit, for the 654-unit Via 6 Apartments in Seattle. The Kirkland, Wash., investor acquired the property from its developer, a venture of Pine Street...

Phoenix Business Journal EQT Exeter has paid $104.55 million, or $157.61/sf, for Commerce@303, a 663,367-square-foot industrial property in Litchfield, Ariz., a western suburb of Phoenix. The Radnor, Pa., REIT, whose shares do not trade on any exchange, acquired...

  Class Amt $mln Sub Level % Avg Life (yrs) Rating S&P Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 6.03 30.00 2.56 AAA AAA AAA 99.99999 4.39855 +75 J-spread A-2 110.00...

Mesa West Capital has provided $201.5 million of financing to facilitate the $272.34 million purchase of four apartment properties with 574 units in California's San Francisco Bay Area and Seattle by a venture of Interstate Equities Corp. and...

South Florida Business Journal Faropoint Ventures has paid $24.45 million, or $168.35/sf, for a portfolio of four warehouse properties totaling 145,232 square feet in the Miami area. The Hoboken, N.J., company purchased the industrial portfolio from Longpoint Partners...

The Real Deal DivcoWest has agreed to buy a stake in the 1.25 million-square-foot office building at 101 California St. in San Francisco. The San Francisco investment manager is purchasing the stake from the Hong Kong Monetary Fund, which...

Commercial Real Estate Direct Staff Report The $15.62 million CMBS loan against the 136-room Aloft Lubbock hotel in Lubbock, Texas, originated exactly a year ago, hasn't received a payment since October and is now classified as being more...

Commercial Observer A venture of Carr Properties and Barings has paid $85 million, or $402.84/sf, for the 211,000-square-foot office property at 1401 New York Ave. NW in Washington, D.C. It acquired the property from French bank BNP Paribas,...

Crescent Coast Partners has paid $30 million, or $145.83/sf, for the 205,725-square-foot Terraces at Copley office property in San Diego. The Los Angeles investment firm acquired the six-story property from Peakstone Realty Trust, an El Segundo, Calif., REIT,...

Commercial Real Estate Direct Staff Report The CRE Finance Council's latest board of governors' sentiment index increased 2.1% in the third quarter to 125.4, just shy of the all-time high of 126.6 set in the fourth quarter of...