Bank OZK and Affinius Capital have provided a total of $140.7 million of financing for the construction of the 270-unit Piazza at Ardmore apartment property in the Philadelphia suburb of Ardmore, Pa. The property, in the Philadelphia region's...

South Florida Business Journal Midtown Capital Partners has purchased the 177,346-square-foot Edison office building in Pembroke Pines, Fla., for $44.5 million, or $250.92/sf. The Miami company bought the property from TPA Group of Atlanta. The purchase was financed...

Commercial Real Estate Direct Staff Report Real Capital Solutions has paid $132.5 million, or $174.08/sf, for the 761,164-square-foot office property at 401 North Michigan Ave. in Chicago. The Louisville, Colo., investor acquired the 35-story building from Walton Street...

New York City real estate investors David Levinson and Marty Burger have launched L&L Infinite, which will pursue development opportunities in the New York and South Florida areas. The venture will also make debt and equity investments in...

Commercial Observer Deutsche Bank and Societe Generale have provided $310 million of mortgage financing against the 512,171-square-foot office property at 535-545 Fifth Ave. in midtown Manhattan. The loan allows the property's owner, Moinian Group of New York, to...

Atlanta Business Chronicle Georgia Power has paid $43 million, or $56.81/sf, for its 756,921-square-foot corporate headquarters building at 241 Ralph McGill Blvd. in Atlanta. The electric utility already owned the land on which the 24-story building stands. Newmark...

A venture of Selig Enterprises and the State Board of Administration of Florida has lined up $245 million of financing against 1105 West Peachtree, a 653,525-square-foot office building in Atlanta's Midtown area. CBRE arranged the floating-rate loan, which...

LCBC Development has paid $32 million, or $298.99/sf, for the 107,028-square-foot Centerstone Plaza office property in the Los Angeles suburb of Irvine, Calif. The Newport Beach, Calif., company acquired the property, at 4000, 4010, and 4040 Barranca Parkway,...

Commercial Observer HB Nitkin has paid about $70 million, or $248.09/sf, for the 282,151-square-foot Metro Center office property at One Station Place in Stamford, Conn. The Greenwich, Conn., opportunistic investor, which was founded in 1984 by Helen and Bradley...

South Florida Business Journal The buzz is that a venture led by billionaire Ken Griffin has paid $180 million, or $604.03/sf, for the 298,000-square-foot 545 Wyn office building in Miami. Griffin, chief executive of Citadel, has partnered with...

The 1700 Market St. office building in downtown, or Center City, Philadelphia has been placed on the sales block as its foreclosure case is winding down. Cushman & Wakefield, receiver for the 850,209-square-foot property, has been tapped to...

RXR Realty Inc. has acquired a 45% stake in the Solow Tower Apartments and the nearby Solow Townhouses on Manhattan's Upper East Side, in a deal that values the buildings at about $435 million. The New York investor...

Clarion Partners has paid $71.5 million, or $170.50/sf, for the 419,358-square-foot industrial property at 320 South 91st Ave. in Tolleson, Ariz., a western suburb of Phoenix. The New York investment manager acquired the property, at 320 South 91st...

Fifteen Group Capital has lined up $52.6 million of financing against Horizons North, a 276-unit apartment complex in Miami. JLL Capital Markets arranged the Freddie Mac loan on behalf of the Miami-based company, which has owned the property...

PGIM has provided $82.5 million of financing against two apartment properties with a combined 408 units in Salt Lake City. Northmarq arranged the debt on behalf of the properties' owner and developer, a venture of Hamilton Partners of...

An entity doing business as Normandy National Pike LLC has paid $57.5 million, or $310.81/sf, for the 185,000-square-foot Normandy Shopping Center in Ellicott City, Md. The investment group, which is led by local residents Gurmit, Ish, and Maninder...

Jacksonville Daily Record CIP Real Estate has paid $53.86 million, or $126.73/sf, for the 425,000-square-foot JAX Airport Logistics Center in Jacksonville, Fla. The Irvine, Calif., company purchased the two-building warehouse property from an affiliate of Pan American Cos....

Triangle Business Journal A joint venture led by Highwoods Properties has bought Bloc83, a 495,121-square-foot mixed-use development in downtown Raleigh, N.C., for $210.5 million, or $425.15/sf. The local real estate company teamed with the North Carolina Investment Authority...

Commercial Real Estate Direct Staff Report Strong demand for office space, particularly in recently built or renovated buildings, drove leasing activity in Manhattan to 39.8 million square feet last year, up 4.28% from 2024, according to Avison Young....

Orlando Business Journal A venture of Cross Ocean Partners and CP Group has paid $96 million, or $132.88/sf, for a portfolio of five office properties totaling 722,456 square feet in the Orlando, Fla., area. City Office REIT sold...

Commercial Real Estate Direct Staff Report Declining occupancy coupled with rising expenses has prompted the transfer of the $88 million CMBS loan against Manhattan's 1384 Broadway to special servicing. The loan, securitized through CD, 2017-CD3, pays a 4.84%...

Triangle Business Journal Stag Industrial has paid $83 million, or $243.97/sf, for Building Three in the Triangle 55 business park in Durham, N.C. The Boston company purchased the 340,200-square-foot building from its developer, Scannell Properties of Indianapolis. The...

TransMedics Group Inc. has fully leased the 498,000-square-foot life-sciences property at 188 Assembly Park Drive in Somerville, Mass., about four miles north of Boston. The property is part of BioMed Realty's Assembly Innovation Park, which will consist of...

Mizuho Financial Group has provided a $289 million loan to help facilitate the sale of the Shops at Skyview, a 550,000-square-feet retail property in the Flushing section of Queens, N.Y. A venture of TPG Inc. and Acadia Realty...

Commercial Real Estate Direct Staff Report An affiliate of Benedict Canyon Equities has sold the 206-unit Element Apartments in Reno, Nev., for $41 million, or $199,029/unit. The seller could not yet be identified. Benedict Canyon, of Los Angeles,...