Commercial Real Estate Direct Staff Report Ardent Cos. has provided $10 million of financing to fund the redevelopment of a former Rodeway Inn in Kissimmee, Fla., near the entrance to Walt Disney World, into an upscale Ascend Hotel....

Commercial Observer Blackstone has paid $45 million, or $2,192/sf, for the 20,526-square-foot mixed-use property at 113 Spring St. in the SoHo section of Manhattan. The investment giant acquired the property from Morgan Stanley, which bought it 10 years ago...

South Florida Business Journal Napleton Palm Beach Imports LLC has bought the 83,551-square-foot office building at 8000 West Sunrise Blvd. in Plantation, Fla., for $48.5 million, or $580.48/sf. Torburn Partners of Northbrook, Ill., sold the property, which is part of...

Orlando Business Journal Publix Super Markets Inc. has paid $130.4 million, or $316.52/sf, for a portfolio of six shopping centers in Florida and Georgia. The Lakeland, Fla., grocery store chain purchased the properties from Maury L. Carter Management...

Lument has provided $53.1 million of financing against the 266-unit South Bank at Quarry Trails apartment property in Columbus, Ohio. The two-year loan, which the ORIX Corp. subsidiary funded off its balance sheet, allowed the property's owner, Thrive...

Commercial Real Estate Direct Staff Report West Hive Capital has sold Western Plaza, a 28,190-square-foot retail center in Rancho Palos Verdes, Calif., a southern suburb of Los Angeles, for $24.5 million, or $869.10/sf. The Irvine, Calif., investment firm...

Yale Realty Services Corp. has paid $97.61 million, or $239.66/sf, for the 407,261-square-foot Landstown Commons shopping center in Virginia Beach, Va. The White Plains, N.Y., investor will pay an additional $3 million when a lease with Skechers for...

Commercial Real Estate Direct Staff Report Hines has paid $63.09 million, or $387.52/sf, for the 162,803-square-foot office and data center property at 9305 Lightwave Ave. in San Diego. The Houston investment manager acquired the property from GI Partners....

Commercial Real Estate Direct Staff Report The upcoming departure of the largest tenant at the New York Times Building in Midtown Manhattan has contributed to a 37% decline in the property's appraised value, to $635 million. A total...

Bisnow Summit Properties USA's $451.3 million bid to buy a portfolio of New York City apartment properties that Pinnacle Group threw into bankruptcy has been approved by the judge overseeing the case. The city tried to stall the...

Commercial Observer Atlas Capital Group has paid $112 million, or $861,538/unit, for the 130-unit apartment property at 250 East Houston St. in the East Village area of Manhattan. The New York developer acquired the 13-story property from a...

Commercial Observer MLG Capital has paid $100 million, or $294,117/unit, for the 340-unit PeachTree of McLean apartment property in the Washington, D.C., suburb of Falls Church, Va. The Brookfield, Wis., investment manager bought the property from Erkiletian of...

Brixmor Property Group has paid $138 million, or $299.17/sf, for the 461,269-square-foot Chino Spectrum Towne Center retail property in the Los Angeles suburb of Chino, Calif. The New York REIT acquired the property, at 3801-4097 Grand Ave., from...

Silicon Valley Business Journal Four Corners Properties has sold the 46,000-square-foot office property at 1540 El Camino Real in the San Francisco Bay Area city of Menlo Park, Calif., for $103.7 million, or $2,254/sf. The buyer could not...

Deutsche Bank has provided a $93.5 million loan to fund the conversion of the 147,101-square-foot office property at 830 Third Ave. in Manhattan into 188 apartment units. The property is owned by a venture of Namdar Realty Group...

Commercial Real Estate Direct Staff Report Reliant Group has paid $51.3 million, or $213,750/unit, for Villas at Lakewood, a 240-unit apartment property in Marysville, Wash., a northern suburb of Seattle. The San Francisco investment firm acquired the property,...

The Brookfield Properties venture that owns the 2.7 million-square-foot One New York Plaza office property in lower Manhattan has secured a two-year term extension of the property's $835 million CMBS loan. The loan, securitized through One New York...

Priority Capital Advisory has arranged $174 million of senior and mezzanine financing for the development of the first phase of the Blosser Ranch master-planned community in Santa Maria, Calif., along the state's central coast. The 160-acre property's first...

Phoenix Business Journal Baron Properties has paid $23 million, or $156.76/sf, for the 146,723-square-foot industrial property at 4703 West Brill St. in Phoenix. The Denver developer bought the 27-year-old property from Bixby Land Co., which bought it in...

PCCP LLC has provided $41.25 million of senior financing against the 182-unit Sovana at Stuart active-adult residential property in the southeast Florida city of Stuart. The two-building property, at 1900 Northwest Federal Highway, just off U.S. Route 1,...

Brand Street Properties and Barings purchased the 357,742-square-foot Shops at Evergreen Walk retail center in South Windsor, Conn., for $98.25 million, or nearly $275/sf. The venture purchased the property, along Interstate 84 at 501 Evergreen Way, from PGIM....

Commercial Real Estate Direct Staff Report Breakthrough Properties has turned to the CMBS market for a $465 million loan against its 520,000-square-foot Torrey Heights life-science property in San Diego. Breakthrough, a venture formed in 2019 by Tishman Speyer...

New York State's attorney general, Letitia James, has gotten involved in the proposed bankruptcy sale of 93 apartment properties with 5,100 units owned by Pinnacle Group. Pinnacle threw them into bankruptcy last May to avoid foreclosure by Flagstar...

Dwight Mortgage Trust has provided $88.4 million of fixed-rate financing against three apartment properties, two in Fayetteville, N.C., and one in Tuscaloosa, Ala. The two five-year loans allowed the properties' owners to refinance existing debt and fund interest...

BentallGreenOak has paid $128.5 million, or $294.44/sf, for the 436,424-square-foot industrial property at 11119 Juniper Ave. in the Inland Empire city of Fontana, Calif. The New York investment manager, commonly referred to as BGO, acquired the property from...