Three Pillars Capital Group, a Houston investment manager specializing in workforce housing, has sold three of its area properties, with 460 units, to an Ohio investor for $56 million. Three Pillars had purchased the three properties in 2019...

Dallas Morning News Ally Financial Inc. is paying $43.8 million, or about $261.74/sf, for the two-story Lake Vista Pointe office building in the Dallas suburb of Lewisville, Texas. The financial services company is buying the 167,344-square-foot property, which...

Highwoods Properties Inc. has agreed to pay $203 million, or $553/sf, for the 367,000-square-foot office building at 650 South Tryon St. at Legacy Union in the uptown area of Charlotte, N.C. The Raleigh, N.C., REIT is buying the...

Minneapolis/St. Paul Business Journal MLG Capital has paid $73.5 million, or $203,601/unit, for the 361-unit Springbrook Apartments in Fridley, Minn. The Brookfield, Wis., investor purchased the property from an affiliate of Belgarde Enterprises of St. Louis, which was...

O'Connor Capital Partners has sold a pair of retail centers with 538,099 square feet on Cape Cod in Massachusetts for a total of $120 million. The New York investment manager sold Southwind Plaza, with 258,110 sf at 65...

Commercial Property Executive Terreno Realty Corp. has paid $54.6 million, or $404.44/sf, for the 135,000-square-foot industrial property at 3660 Thomas Road in Santa Clara, Calif., about 43 miles south of San Francisco. The San Francisco REIT purchased the...

Cape Point Development has paid $23.5 million, or $430.67/sf, for La Paz Village, a 54,566-square-foot retail center in Laguna Hills, Calif. The San Clemente, Calif., developer purchased the property from an investor group in a deal brokered by...

Dwight Mortgage Trust, the mortgage REIT affiliate of Dwight Capital has provided $26 million of financing on 235 Valencia St., a recently completed apartment property with 40 units in San Francisco's Mission district. The loan was arranged by...

A Parkview Financial team has provided $207 million of financing to facilitate the purchase and redevelopment of the 878-room Hudson Hotel in Manhattan into apartments. Parkview teamed with Montgomery Street Partners of Dallas to fund the loan, which...

James Im, a former CMBS trader with Nomura Securities who five years ago was charged by the SEC with lying to bond investors in order to inflate the company's profits, on Friday was exonerated by a jury. The jury...

BizWest.com Cantamar Apartments Associates has paid $50 million, or $396,825/unit, for Alpine Prairie Village, a 126-unit apartment property in Longmont, Colo. The Glendale, Ariz., company purchased the complex from an affiliate of DHI Communities in a deal brokered...

The Harkham family has paid $35.1 million, or $265.83/sf, for Gate One, a 132,037-square-foot office property in Westlake Village, Calif. The seller of the property could not be learned immediately. JLL Capital Markets represented the Harkham family, of...

Denver Business Journal Aukum Group has paid $100 million, or $462,962/unit, for Highline at Cherry Creek, a 216-unit apartment property in Denver. The Larkspur, Calif., investor purchased the property from a venture of Griffis Residential Investments and Pacific...

The Real Deal Veris Residential Inc. has agreed to pay $130 million, or $541,667/unit, for The James, a 240-unit apartment complex in Park Ridge, N.J., about 24 miles northwest of Manhattan. The Jersey City, N.J., REIT, formerly Mack-Cali...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Fitch Rating DBRS Price % Yield% Final Pricing (bp) Bnch mark A-1 6.82 30.00 2.54 Aaa AAA AAA 99.998 3.965 +110 P-spread A-2 32.29 30.00 4.77 Aaa...

Commercial Real Estate Direct Staff Report Washington REIT is continuing to expand its apartment portfolio and has agreed to buy two properties with 1,070 units in suburban Atlanta for $178 million, or $166,355/unit. When the deal closes, the...

South Florida Business Journal O'Connor Real Estate Advisors has bought 48,578 square feet of retail space at 151 Worth Ave. in Palm Beach, Fla., for $78 million, or about $1,606/sf. The New York investor sold the space to...

Atlanta Business Chronicle The Simpson Organization has paid $148 million, or about $447.13/sf, for 1025 Lenox Park, a 331,000-square-foot office building in Atlanta's Buckhead area. The local real estate company purchased the 10-story property from Bridge Investment Group...

Commercial Real Estate Direct Staff Report Invesco Real Estate has provided $52.4 million of financing to facilitate Knightvest Capital's purchase of the Lydian, a 209-unit apartment property in Phoenix. The Dallas investment manager acquired the property for $66...

Commercial Real Estate Direct Staff Report NewPoint Real Estate Capital has provided $45.7 million of Fannie Mae financing against FirstStreet at Happy Valley, a 212-unit apartment property in Phoenix. The 10-year loan requires only interest payments for the...

Commercial Real Estate Direct Staff Report BioMed Realty, an affiliate of Blackstone Group, has paid $151.5 million, or $985.64/sf, for the 153,708-square-foot 1101 Westlake office property in downtown Seattle. The San Diego REIT, which focuses on life-sciences and...

New York Life Real Estate Investors has provided $78 million of financing against the 254-unit Current on River apartment property in the New York City suburb of Hackensack, N.J. The 10-year loan, arranged by JLL Capital Markets, allowed...

A venture of Nuveen Real Estate, Taconic Partners and North American Properties has paid $220 million, or $183/sf, for Ridge Hill, a 1.2 million-square-foot mixed-use property in Yonkers, N.Y. JLL Capital Markets marketed the property, at One Ridge...

A fund managed by CIM Group has provided $147 million of financing against the recently completed Adeline, a 379-unit apartment property in Phoenix. CIM in 2019 had provided a $101 million loan for construction of the property which is...

Commercial Real Estate Direct Staff Report Freddie Mac originated $15 billion of multifamily loans during the first quarter, up from $14 billion during the same period a year ago. But because of pay-offs, the housing-finance agency's portfolio of...