Charlotte Business Journal Anchor Health Properties has bought the 151,993-square-foot Azalea Building in Charlotte, N.C., for $59.5 million, or $391.47/sf. The Charlottesville, Va., company purchased the office property from The Harris Land Co. of Charlotte. Azalea Building, at...

Commercial Observer New Empire Corp. has agreed to pay $51 million, or $702.79/sf, for the 72,568-square-foot office building at 4 West 43rd St. near Bryant Park in Midtown Manhattan. The New York developer is buying the property from...

Oak Funding and Oak North Bank have committed to lend up to $80 million against 524,859 square feet of office space at the Latitude complex in the northern New Jersey township of Parsippany. The lenders—Oak Funding is based...

Commercial Observer Scale Lending has provided $108 million of financing to fund the conversion of the 297,703-square-foot office property at 770 Second Ave. in Manhattan into 140 apartment units. The property, in the borough's Murray Hill section, is...

Dwight Capital has provided $27 million of financing under the U.S. Department of Housing and Urban Development's 241(a) program for the 104-unit second phase of the Ventana at Canyon West apartment property in Lubbock, Texas. The property -...

  Digital Realty Trust Inc. has raised $3.25 billion of equity commitments for its first-ever commingled investment fund that specifically targets data centers. The fund, Digital Realty DC Partners NA Fund, which was launched early last year, has...

The Real Deal Mark Epstein has tapped Newmark has been hired to market for sale the 60,000-square-foot office property at 515 Greenwich St. in the Hudson Square area of Manhattan. The property, which includes air rights, could potentially...

Crain’s Chicago Business Golub & Co. has recapitalized Century Tower, a 293-unit apartment property in Chicago, in a deal that values the property at $64.7 million, or $220,819/unit. The Chicago developer brought in EOS Residential Investors as a...

Principal Asset Management is offering for sale the $140 million loan against the 306,000-square-foot 700 Sixth St. NW office building in Washington, D.C. The nonperforming loan is being offered through JLL Capital Markets. The property is owned by...

Commercial Real Estate Direct Staff Report The $287.72 million CMBS loan against the Bridgewater Commons shopping mall in northern New Jersey has been paid down to $238.88 million, facilitating its extension through November. The loan, with an original...

Commercial Real Estate Direct Staff Report MetroWest, a 207,714-square-foot office property in the Chicago suburb of Naperville, Ill., has been sold for $16.1 million, or $77.51/sf - 50.5% less than its sales price 11 years ago. Real Capital...

Commercial Real Estate Direct Staff Report Northeast Building LLC has paid $76.5 million, or $287.08/sf, for Gateway North, a 266,476-square-foot industrial property in Tukwila, Wash., a southern suburb of Seattle. The Kirkland, Wash., developer, a unit of Matthew...

Atlanta Business Chronicle Avison Young has been hired to market for sale Milton Park, a 319,000-square-foot office property in the Atlanta suburb of Alpharetta, Ga. The two-building property, at 30000 Mill Creek Avenue and 11175 Cicero Drive, is...

Commercial Real Estate Direct Staff Report Moody's Ratings estimates the value of the Hilton Minneapolis hotel at only $89.11 million, contributing to its decision to downgrade three classes of a CMBS deal it rates that holds a $180...

Multi-Housing News Abacus Capital has paid $158 million, or $336,170/unit, for the 470-unit Abbey Lane apartment property in Danbury, Conn. The New York investor acquired the property from 601W Cos., also of New York, which bought it in...

Commercial Real Estate Direct Staff Report Morgan Stanley and Goldman Sachs are providing $360 million of mortgage financing against the 495,275-square-foot Lyrik office property in Boston's Back Bay neighborhood. The five-year loan will allow the property's developer, Samuels...

Crain's Chicago Business Greystar is offering for sale One Six Six, a 223-unit apartment property in Chicago. The Charleston, S.C., investor hired JLL to market the property, which it developed in 2023. The property, at 166 North Aberdeen...

Commercial Real Estate Direct Staff Report The CMBS trust that held the $105 million loan against the 80,032-square-foot Scribner Building and its neighboring Redfern Building in Midtown Manhattan suffered a $76.66 million loss as a result of the...

NewPoint Real Estate Capital LLC has provided a $49 million mortgage against the 288-unit Evolve at the Pines Apartment Homes in Greenville, N.C. The two-year loan has a relatively short term and is designed to allow the property's...

Commercial Real Estate Direct Staff Report The 382,256-square-foot 750 Lexington Ave. office building in Midtown Manhattan has been reappraised at a value of $39 million—an eighth of the value pegged to it 11 years ago. The building has...

Commercial Real Estate Direct Staff Report DataBank is partnering with Goodman Group to complete the development of a 32-megawatt data center at 3094 East Vernon Ave. in Vernon, Calif., about five miles southeast of downtown Los Angeles. Goodman,...

Bisnow Dean Adler, who co-founded investment manager Lubert-Adler, has agreed to buy the former Franklin Mills Mall in Philadelphia, with plans to redevelop it into mixed uses. Adler would invest $100 million into remaking the 37-year-old shopping center,...

Commercial Real Estate Direct Staff Report GSK PLC's pending departure from the 635,058-square-foot life-sciences property at 14200 Shady Grove Road in Rockville, Md., has resulted in the $138 million CMBS loan against the property being transferred to special...

JLL Capital Markets has arranged $55.75 million of financing to facilitate Hines' purchase of Tempo at Riverpark, a 235-unit apartment property in Oxnard, Calif. An unnamed bank provided the five-year loan for Hines, which bought the property for $105...

Nashville Business Journal Anchor WeHo Owner LLC has bought Braxton Music City, a 236-unit apartment complex in Nashville, Tenn., for $54.4 million, or $230,508/unit. The company, led by New Jersey investor Aaron Friedman, purchased the two-building property from...