A venture of Bioscience Properties Inc. and Harrison Street Real Estate Capital has paid $41.3 million, or $444.68/sf, for Sorrento Heights, a 92,875-square-foot office property in San Diego. Bioscience Properties, of Solana Beach, Calif., and Harrison Street, of...

Commercial Real Estate Direct Staff Report The Anderson Mall in Anderson, S.C., has been put up for sale through Newmark's national mall team. A total of 355,198 square feet of the 670,640-sf enclosed mall serve as collateral for...

Commercial Real Estate Direct Staff Report Starwood Capital Group is finalizing the deed-in-lieu of foreclosure transfer of the Rimrock Mall in Billings, Mont., to Wells Fargo Commercial Mortgage Trust, 2013-LC12, which holds a $72.77 million loan against it....

Commercial Real Estate Direct Staff Report Livingston Street Capital has paid $56 million, or $320,000/unit, for the 175-unit Olea at Nocatee Apartments in Ponte Vedra Beach, Fla., about 25 miles southwest of Jacksonville, Fla. The Radnor, Pa., real...

A venture of Arden Group and Vesta Realty Partners has acquired the Solutionreach building, a 145,646-square-foot office property in Lehi, Utah. Arden, of Philadelphia, and Vesta, of Salt Lake City, purchased the property from a venture of Gardner...

Starwood Capital Group has raised $10 billion of equity commitments for its Starwood Distressed Opportunity Fund XII, the latest in its series of opportunistic investment vehicles. The Miami investment manager far surpassed the $7.6 billion it had raised...

Commercial Real Estate Direct Staff Report AllianceBernstein has provided $155.3 million of financing to help fund the purchase, by a venture of CP Group and Related Fund Management, of the 593,527-square-foot Granite Tower office building in Denver. As...

Western Wealth Capital has paid $64 million, or $241,509/unit, for Delano, a 265-unit apartment property in Mesa, Ariz. The Vancouver, British Columbia, investment manager purchased the property from S2 Capital of Dallas, which had bought it in 2019...

Blue Owl Capital Inc., an alternative investment manager that specializes in providing financing to other investment managers and their portfolio companies, has agreed to acquire Oak Street Real Estate Capital, which specializes in the net-leased property market. Blue...

Commercial Real Estate Direct Staff Report Bayshore Investment Partners has paid $40.5 million for two apartment properties with a total of 200 units in Brandon, Fla., a Tampa, Fla., suburb. The Miami investor paid $22.45 million, or $200,446/unit,...

South Florida Business Journal Prologis has sold two warehouses totaling 399,757 square feet in the Weston Business Center in Weston, Fla., for $110 million, or about $275.17/sf. The San Francisco industrial REIT sold the buildings, which sit on...

South Florida Business Journal Vision Properties has paid $57.5 million, or about $332/sf, for a seven-story office building at 261 North University Drive in Plantation, Fla. The Tampa, Fla., company bought the 173,193-square-foot property from Encore Capital Management...

Invesco Real Estate has paid $50 million, or $210.44/sf, for a 237,600-square-foot distribution center in Holbrook, N.Y., on Long Island. The Atlanta investment manager bought the property from a venture of Drake Real Estate Partners and Pacer Partners,...

Commercial Observer A venture of Morgan Stanley and Meridian Property Co. has paid $81.5 million, or $1,207/sf, for the Beverly Hills Medical Plaza, a 67,510-square-foot medical office property in Beverly Hills, Calif., about 12 miles west of Los...

Hamilton Zanze has lined up $39.9 million of Freddie Mac financing against Enchanted Springs, a 200-unit apartment property in Colorado Springs, Colo. KeyBank Real Estate Capital provided the loan. It has a 10-year term and requires only interest...

Commercial Observer Harbor Group International has secured $558 million of financing to help fund its $760 million, or $873.60/sf, purchase of 51 West 52nd St., an 870,000-square-foot office building in Manhattan. Deutsche Bank and Goldman Sachs provided a...

Newmark has hired Nick DiPaolo as executive vice president and market leader of its downtown Los Angeles office. DiPaolo is charged with overseeing tenant and landlord relations, global corporate services, capital markets, valuation and advisory, as well as...

Rockwood Capital has paid $29.8 million, or $425,714/unit, for the 70-unit apartment property at 333 Central Ave. in Westfield, N.J., about 25 miles southwest of Manhattan. The San Francisco investment manager bought the property from a venture of...

Capital One has added three agency-lending executives, beefing up its capabilities in the Tampa, Fla., Washington, D.C., and Mountain West regions. All three were hired from Berkadia. They are: Jonathan Pratt, previously managing director at Berkadia, was named...

Commercial Observer Opal Holdings has paid $55.3 million, or $213.09/sf, for the CGI Building, a 259,511-square-foot office property in Fairfax, Va. The New York investor bought the property from PGIM Real Estate, which had acquired it in 2006...

Commercial Real Estate Direct Staff Report The EpiCentre mixed-use property in Charlotte, N.C., whose $85 million CMBS loan moved to special servicing earlier this year, has been appraised at a value of $87 million, down from $130.5 million...

A venture of Tailwind Investment Group and Roxborough Group has paid $53.6 million, or $272,081/unit, for the 197-unit Vue apartment property in San Bernardino, Calif. Tailwind Investment Group of Newport Beach, Calif., and Roxborough Group of San Francisco...

CBRE has provided $242 million of Freddie Mac financing to help facilitate the purchase, by a Harbert Management Corp. fund, of Parkside at Craig Ranch, a 1,824-unit apartment complex in the Dallas suburb of McKinney, Texas. The loan...

Avanti Residential has paid $102 million, or $451,327/unit, for Sanctuary Doral, a 226-unit apartment property in Doral, Fla. The Denver investor bought the property from its developer, Shoma Group of Miami, in a deal brokered by Walker &...

Commercial Real Estate Direct Staff Report The $84.2 million CMBS loan against the Square One Mall in the Boston suburb of Saugus, Mass., which was slated to mature in January, has been extended by five years to January...