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...

New York City Mayor Zohran Mamdani's administration wants to ensure that whoever buys the 93 apartment properties with about 5,100 units that Pinnacle Group threw into bankruptcy repairs and maintains them and continues to abide by the city's...

PCCP has provided $76 million of senior mortgage financing against the 384-unit Overall Creek apartment property in Murfreesboro, Tenn. The loan, arranged by Cushman & Wakefield, allowed the property's owner, Denholtz of Red Bank, N.J., to refinance and...

Commercial Real Estate Direct Staff Report PCCP has provided $84 million of financing against the 335-unit Montreux apartment property in Phoenix. CBRE arranged the loan on behalf of the property's owner, Pacific Development Partners of Los Angeles. It...

A venture of the Carlyle Group and Z+G Property Group has paid $105 million, or $795,454/unit, for the 132-unit apartment property at 130 Second St. in the Gowanus section of Brooklyn, N.Y. Invesco Real Estate provided an $80...

Accesso has purchased 76 acres in the Orlando, Fla., area on which it will develop the Ovation Orlando mixed-use complex that will have retail space, hotels, and residential condominiums. The Hallandale Beach, Fla., investment manager bought the parcel,...

Commercial Real Estate Direct Staff Report Stellar Senior Living has paid $40 million, or $115,942/unit, for the 345-unit Thunderbird Senior Living seniors-housing property in the Phoenix suburb of Glendale, Ariz. The Midvale, Utah, seniors-housing operator acquired the property,...

Orlando Business Journal Bell Partners has purchased the Trelago Apartments in Maitland, Fla., for $111.25 million, or $317,857/unit. The Greensboro, N.C., company acquired the 350-unit complex from Kettler Inc. of McLean, Va., which had bought it in 2019...

Commercial Real Estate Direct Staff Report Jackson Square Properties has paid $161.5 million, or $301,305/unit, for a pair of apartment complexes with a combined 536 units in Sacramento, Calif. The two properties are the 270-unit Zeta, at 3761...

Rockpoint Group has acquired a 49% stake in the 874,200-square-foot 100 Park Ave. office building in midtown Manhattan. The Boston investment manager bought the stake from SL Green Realty Corp., which has owned an interest in the building...

Commercial Observer Rialto Capital has provided a $150 million loan against the 270,000-square-foot office building at 100 Fifth Ave. in the Union Square area of Manhattan. The property is owned by Sovereign Partners, which bought it in 2023...

Commercial Observer Bank of America, Standard Chartered PLC, and Wells Fargo Bank have provided $1.6 billion of financing for the development of the 1.4 million-square-foot 70 Hudson Yards office building in Manhattan. The loan is the largest for...

South Florida Business Journal An affiliate of CenterPoint Properties has paid $124.5 million, or $266.18/sf, for Bridge Point Powerline Road, a 467,722-square-foot business park in Pompano Beach, Fla. The Oak Brook, Ill., company purchased the three-building industrial complex...