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...

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...