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,...

Commercial Real Estate Direct Staff Report Safehold Inc. has acquired the ground-lease interest in the 207-unit apartment property that's being developed at 6033-6039 De Soto Ave. in Woodland Hills, Calif., a suburb of Los Angeles. Safehold is a...

Apollo Global Management and CenterSquare Investment Management have provided a $106 million loan against Building B @ Interstate Crossings, a 618,048-square-foot industrial property at 0 Pugsley Road in Brewster, N.Y. JLL Capital Markets arranged the financing, which includes...

Bisnow Pacific Retail Capital Partners has taken control of the 402,929-square-foot Resurgens Plaza office building in Atlanta in a deed-in-lieu of foreclosure. The Los Angeles company took the 27-story building from Zeller Realty Group of Chicago, which originally...

South Florida Business Journal Griffis Residential has paid $41 million, or $284,722/unit, for Saba Pompano Beach, a 144-unit apartment complex in Pompano Beach, Fla. The Greenwood Village, Colo., multifamily investor purchased the eight-story property from Frankforter Group of...

Commercial Real Estate Direct Staff Report An affiliate of Bascom Group has paid $53.4 million, or $175,657/unit, for Retreat at Speedway, a 304-unit apartment property in Tucson, Ariz. The Irvine, Calif., investment manager acquired the property, at 7401...

L.A. Business First Orden Co. has paid $57 million, or $221.17/sf, for the 257,722-square-foot industrial building at 875 West State St. in Ontario, Calif. The Santa Fe Springs, Calif., developer acquired the warehouse from IHC State LLC in...

Commercial Observer Wells Fargo Bank has provided a $250 million loan against AtlanticBK, a 456-unit apartment property in the Bedford-Stuyvesant section of Brooklyn, N.Y. The 17-story property, at 1057 Atlantic Ave., is owned by a venture led by...

Commercial Real Estate Direct Staff Report Riot Games has paid $150 million, or $528.17/sf, for its headquarters building, the 284,037-square-foot Element LA office property in Los Angeles. The video game developer bought the building, at 12333 West Olympic...

San Antonio Business Journal Medcore Partners has lined up $69.4 million of financing for its purchase of Franklin Park Alamo Heights, a 221-unit seniors-housing complex in San Antonio. Forbright Bank provided the loan. Medcore, a Dallas real estate...

Rialto Capital has provided $113 million of mortgage financing against the Mix, a 469,749-square-foot mixed-use property in the Los Angeles suburb of Northridge, Calif. Newmark arranged the loan on behalf of the property's owner, a venture of Affinius...

A venture of Elliott Investment Management LP and Morning Calm Management has acquired City Office REIT Inc., a Vancouver, British Columbia, REIT with a portfolio of 49 office buildings totaling 5.4 million square feet in eight major markets....

Madison Realty Capital and Naftali Credit Partners have provided $125 million of financing for the construction of a 241-unit residential condominium property at 70-28 Grand Central Parkway in the Forest Hills section of Queens, N.Y. Madison provided an...

Rentv.com Tishman Speyer has paid $92.95 million, or $366.81/sf, for the 253,400-square-foot Christy Street Industrial Center in Fremont, Calif., a city that’s 40 miles south of San Francisco. The New York investment manager acquired the property, at 42840...

Commercial Real Estate Direct Staff Report Westcore has paid $90.7 million, or $272.80/sf, for Westcore Innovation Park, a 332,479-square-foot industrial property in Phoenix. The San Diego investment firm acquired the property, at 23869-23975 North 19th Ave. and 1775...

Atlanta Business Chronicle PGIM Real Estate has bought Notion Decatur, a 290-unit apartment complex in the Atlanta suburb of Decatur, Ga., for $76 million, or $262,069/unit. The Newark, N.J., company purchased the six-story property from Toll Brothers of...

Commercial Real Estate Direct Staff Report Rialto Capital Advisors has changed the terms of a modification of the $130 million CMBS loan against the 78,287 square feet of retail space at the base of the 350-room Renaissance by...

Sym Investments has paid $80 million, or $344,827/unit, for the 232-unit SilverLake Apartments at 155 and 165 Belmont Ave. in the northern New Jersey township of Belleville. The Cedarhurst, N.Y., investor acquired the property from Klein Enterprises of...

Dallas Business Journal Fortress Investment Group has paid $226.5 million, or $151/sf, for the 1.5 million-square-foot Sparks LS complex that's currently being built in Morrisville, N.C. The Dallas company purchased the life-sciences campus from a venture of Trinity Capital...