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...

Orlando Business Journal KABR Group has bought the 262-unit Edison Daytona apartment complex in Daytona Beach, Fla., for $49 million, or $187,023/unit. The Englewood, N.J., company purchased the four-building property from Unicorp National Developments Inc. of Orlando, Fla.,...

Benefit Street Partners has raised $3 billion of investor commitments for a follow-up real estate credit fund, BP Real Estate Opportunistic Debt Fund II. The fund is a follow-up to a $518 million vehicle the New York investment...

Silicon Valley Business Journal Interstate Equities Corp. has paid $87 million, or $583,892/unit, for mResidences Mountain View, a 149-unit apartment complex in Mountain View, Calif., a city that's 39 miles south of San Francisco. The Los Altos, Calif.,...

Commercial Real Estate Direct Staff Report The $260 million CMBS loan against the 5 Penn Plaza office building in midtown Manhattan has been extended by two years through January 2028. The loan, which initially matured this month, transferred...

Minneapolis/St. Paul Business Journal Oaks Properties has paid $50.45 million, or $249,752/unit, for the Eddi, a 202-unit apartment property in Edina, Minn., about 11 miles south of Minneapolis. The Minneapolis management company acquired the property, at 4911 West...

North River Co. has paid $34.5 million, or $192.54/sf, for the 179,188-square-foot Alexandria Center for Life Science property in the Long Island City section of Queens, N.Y., according to a report in Commercial Observer. The New York investment...

Commercial Real Estate Direct Staff Report A venture of Hankey Investment Co. and Barker Pacific Group has paid $61 million, or $187.12/sf, for Sunset Media Center, a 325,995-square-foot office property in Los Angeles. Hankey and Barker Pacific, both...

Commercial Real Estate Direct Staff Report JRK Property Holdings has paid $400 million for three apartment properties totaling 803 units in Seattle, Los Angeles, and Hoboken, N.J. The Los Angeles investment manager bought the properties from Equity Residential...

Accesso, owner of the 235,620-square-foot 3900 Essex Lane office property in Houston, has negotiated a two-year term extension of the property's $14.75 million loan, taking its maturity to October 2027. The loan, provided by Benefit Street Partners, was...

Philadelphia Business Journal The Eastern Atlantic State Regional Council of Carpenters has paid $52 million, or $250.26/sf, for the 207,770-square-foot office property at 5 Crescent Drive and 4411 South Broad St. in Philadelphia's Navy Yard Corporate Center. The...

Brookfield Properties, which in 2018 acquired mall owner GGP Inc. and folded its 125 mall properties into its own portfolio, has revived the GGP name. The company created GGP Retail LLC, which will be headquartered in Chicago, and...

CJ Park & Associates has paid $27 million, or $188.87/sf, for Pacific Town Center, a 142,957-square-foot shopping center in Stockton, Calif. The Los Angeles investment manager acquired the property, at 616-760 West Hammer Lane, from Brixton Capital as...

South Florida Business Journal Tandel Group 6 LLC has purchased the 199-unit Douglas Enclave apartment property in Miami's Little Havana neighborhood for $68 million, or $341,709/unit. The Miami-based company, which is managed by Abdolmajid Tandel, acquired the 11-story...

South Florida Business Journal An affiliate of Lone Star Funds has bought the two-building Alhambra office complex in the Miami suburb of Coral Gables, Fla., for $119.6 million, or $376.61/sf. The Dallas company purchased the 317,566-square-foot property from DWS...

John M Corcoran & Co. has paid $53.6 million, or $422,047/unit, for the 127-unit 929 Mass apartment property in Cambridge, Mass. The Braintree, Mass., investor acquired the property, at 929 Massachusetts Ave., from Equity Residential of Chicago in...

Commercial Real Estate Direct Staff Report An Orange County, Calif., family office operating as Plaza Pacifica LP has paid $21 million, or nearly $887/sf, for Plaza Pacifica, a 23,679-square-foot retail property in the Southern California city of San...

Wells Fargo Bank, JPMorgan Chase Bank, and Bank of America are providing $480 million of mortgage financing to facilitate SL Green Realty Corp.'s $730 million, or $1,173/sf, purchase of the 621,824-square-foot Park Avenue Tower office building in Manhattan's...

Commercial Real Estate Direct Staff Report Continental Realty Corp. has paid $25.5 million, or $95.86/sf, for Thornton Town Center, a 266,008-square-foot shopping center in Thornton, Colo., a city that's nine miles north of Denver. The Baltimore investment manager...