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...

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...