Commercial Real Estate Direct Staff Report Peter Tobin, a long-time specialist in the distressed-assets world, passed away last week. He was 46. He suffered a heart attack from an undiagnosed cardiomyopathy while exercising in his home. Tobin started...

Commercial Real Estate Direct Staff Report Bell Partners has paid $99.5 million, or $356,631/unit, for the 279-unit Satori Apartments in Fort Lauderdale, Fla. The Greensboro, N.C., investment manager bought the property, which it has renamed Bell Sunrise, from...

Charlotte Business Journal TA Realty has paid $74.2 million, or about $271,795/unit, for Bainbridge NoDa, a 273-unit apartment property in Charlotte, N.C. The Boston company bought the complex, at 2509 North Davidson St. in the city's Optimist Park...

Barings LLC has provided more than $400 million of financing for the construction of Genesis Marina, a 570,000-square-foot life-sciences complex in the San Francisco suburb of Brisbane, Calif. The waterfront property is being developed on a nearly nine-acre...

The Real Deal Elion Partners has paid $58.1 million, or $322.78/sf, for the 180,000-square-foot warehouse at 182-20 Liberty Ave. in Queens, N.Y. The Miami company bought the industrial property from two families that run their wholesaling business out...

The Real Deal RXR Realty has agreed to pay $220 million, or $687,500/unit, for 320 apartment units that are under construction at 85 Jay St. in Brooklyn, N.Y. The New York real estate investment company is buying the...

Commercial Observer Morgan Stanley has provided $95 million of financing against the 134-unit apartment property at 261-275 Amsterdam Ave. in Manhattan. Black Bear Capital Partners arranged the loan, which has a 10-year term and pays a 3.55 percent...

A venture of Alliant Strategic Investments and Nuveen Real Estate has paid $93.5 million, or $118,504/unit, for Riverstone, a 789-unit affordable apartment property in the Chicago suburb of Bolingbrook, Ill. Alliant Strategic, of Los Angeles, and Nuveen Real...

New York Life Real Estate Investors has provided $75 million of mortgage financing against the 43-unit SouthLawn Lawrenceville apartment property in the Atlanta suburb of Lawrenceville, Ga. The 10-year mortgage, which pays a coupon of 3.55 percent, was...

Black Equities Group Ltd. has paid $39.5 million, or $564,285/unit, for Citrus Suites, a 70-unit apartment property in Santa Monica, Calif. The Beverly Hills, Calif., company, which was founded in 1985 by Stanley Black, purchased the property from...

Commercial Real Estate Direct Staff Report Berkeley Point Capital has originated $41.9 million of Fannie Mae financing to help fund Greystar Real Estate Partners' acquisition of the Discovery on Broad Apartments in Durham, N.C. As reported, the Charleston, S.C.,...

Philadelphia Business Journal Pfizer Inc. is offering for sale a 1.89 million-square-foot office complex in Collegeville, Pa. The pharmaceutical company has hired Cushman & Wakefield to market the property, which sits on a 340-acre site at 400-500 Arcola...

Four Mile Capital has paid $47.5 million, or $224,057/unit, for the 212-unit River's Edge at Manchester apartment property in Richmond, Va. The Denver-area investment manager bought the three-year-old property, at 505 Porter St., from an investor group led...

The Real Deal ERCT Capital Group has paid $52 million, or about $130.65/sf, for the 398,000-square-foot Broadacres Office Park in Bloomfield, N.J. The Montclair, N.J., real estate investor bought the four-building complex from P3 Properties of Bloomfield, which...

Commercial Real Estate Direct Staff Report AvalonBay Communities Inc. has paid $119 million, or $309,896/unit, for the 384-unit Element Linthicum Heights apartment property in the Baltimore suburb of Linthicum Heights, Md. The Arlington, Va., REIT bought the property...

An affiliate of Wolff Co. has paid $46.3 million, or $314,965/unit, for the 147-unit Storyline apartments in downtown Portland, Ore. The Scottsdale, Ariz., investor purchased the property from Mortenson and HQ Capital Real Estate in a deal brokered...

Electra America, a long-time investor in multifamily properties, has formed a venture with Transcendent Investment Management to invest in single-family rental properties. The venture, Transcendent Electra, has 1,889 homes under contract for $496 million and has another $1...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch Rating Kroll Rating S&P Pricing % Yield% Final Pricing (bp) Bnch mark A-1 9.57 30.00 3.01 AAA AAA AAA 99.998 0.777 +28 swaps A-2 65.76 30.00 4.94 AAA...

Commercial Real Estate Direct Staff Report Canyon View Capital has paid $49.5 million, or $137,119/unit, for the 361-unit Mountain Ranch Apartments in Fayetteville, Ark. The Santa Cruz, Calif., multifamily specialist bought the property from BSR REIT of Little...

Blackstone Real Estate Debt Strategies has provided $42.5 million of long-term financing against the Wilshire West Medical Tower, a 78,702-square-foot medical-office property in the Brentwood neighborhood of West Los Angeles. The loan, written on behalf of a life...

JB Partners has paid $54.5 million, or $216,269/unit, for the 252-unit Cabana on 12th apartment property in Phoenix. The Newport Beach, Calif., investor purchased the property from Greenlight Communities in a deal brokered by Marcus & Millichap's Institutional...

Commercial Real Estate Direct Staff Report KKR Real Estate Finance Trust Inc., which traditionally has provided relatively short-term loans against commercial properties undergoing light transitions, has broadened its scope to include construction financing, particularly against industrial properties. The...

Commercial Real Estate Direct Staff Report Exeter Property Group has paid $77 million, or $226,471/unit, for the 340-unit Bell West End apartment property in Durham, N.C. The Conshohocken, Pa., investor bought the complex from Bell Partners, a Greensboro,...

The Real Deal Rockrose Development has acquired a 14 percent stake in Manhattan's 11 East 26th St., in deal that values the 218,000-square-foot office building at $235 million. The New York company now owns a 42 percent interest...

Natixis has provided $104.75 million of financing against a portfolio of eight industrial buildings with 687,000 square feet in the Boston suburb of Wilmington, Mass. The five-year loan pays a floating coupon and was arranged by Newmark. The...