Commercial Observer Keystone Equities has provided an $84 million loan against the 152-unit Nova Astoria apartment property at 11-14 35th Ave. in the Astoria section of Queens, N.Y. The New York investment manager writes loans of at least...

EQT Real Estate has paid $55.8 million, or $143.08/sf, for the Blankenbaker Station Portfolio, a two-building industrial property with 390,000 square feet in Louisville, Ky. The Radnor, Pa., investment manager acquired the property from a venture of Washington...

Commercial Real Estate Direct Staff Report The $310 million loan Deutsche Bank and Societe Generale provided against the 512,171-square-foot office property at 535-545 Fifth Ave. in Midtown Manhattan pays a 7.06% coupon. The loan was used by the...

Commercial Real Estate Direct Staff Report Citi Real Estate Funding has provided $58 million of mortgage financing against the 88,365-square-foot mixed-use property at 600 Broadway in the SoHo section of Manhattan. The interest-only loan, which has a five-year...

South Florida Business Journal Bridgeton Holdings has bought the Sheraton Miami Airport Hotel, a 405-room property near Miami International Airport, for $67.5 million, or $166,667/room. The New York company purchased the 10-story property from HHM Hotels, also of...

New York developer Allstate Ventures has lined up a $125.8 million bridge loan from Greystone and $19.5 million of preferred equity from Forum Investment Group against its recently completed Alary apartment building in New Rochelle, N.Y. The financing...

Commercial Property Executive Electric Research and Manufacturing Cooperative Inc. has paid $91 million, or $165.42/sf, for a 550,121-square-foot industrial building within the Virgin Industrial Park in Waddell, Ariz., a western suburb of Phoenix. The manufacturer of distribution transformers...

Commercial Observer Bain Capital has provided a $213 million loan against the 513,000-square-foot office building at 1375 Broadway in Manhattan's Garment District. The property is owned by American Exchange Group, which took it over after its 2024 purchase of...

Charlotte Business Journal Penzance has bought Presley Oaks, a 318-unit apartment complex in Charlotte, N.C., for $65 million, or $204,403/unit. The Washington, D.C., investment firm purchased the 19-building property from American Landmark Apartments of Tampa, Fla. Presley Oaks was...

Multi-Housing News Penzance has paid $75.5 million, or $190,657/unit, for the 396-unit Compass at City Center apartment complex in Newport News, Va. The Washington, D.C., company acquired the property from DF Ventures, the investment arm of Drucker + Falk...

Wells Fargo Bank has provided a $224.3 million loan against the 363-unit Italic apartment property at 26-32 Jackson Ave. in the Long Island City section of Queens, N.Y. JLL Capital Markets arranged the financing. The property was developed...

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...