Commercial Real Estate Direct Staff Report Capital One has originated $53.7 million of Freddie Mac financing against the 528-unit Worthington Meadows apartment property in Worthington, Ohio, about 20 miles north of Columbus, Ohio. The 12-year loan allowed the...

Crain's Chicago Business Blackstone Group has paid $151 million for a portfolio of seven industrial properties totaling 1.1 million square feet in and around Chicago. The New York company purchased the portfolio from CenterPoint Properties of Oak Brook,...

Commercial Real Estate Direct Staff Report Add TPG Real Estate Finance Trust to the list of alternative lenders that have restarted their lending activities. The mortgage REIT, sponsored by TPG Global, had moved to the sidelines soon after...

Commercial Real Estate Direct Staff Report Camden Property Trust is planning to take advantage of the healthy demand for apartment properties to further reduce the age of its portfolio. The Houston REIT plans to sell certain older assets...

Terreno Realty Corp. has paid $33.75 million, or $266.33/sf, for the 126,721-square-foot Parmac Industrial Park in Kirkland, Wash. The San Francisco company purchased the complex from an investment group that had owned it for 30 years. Marcus &...

Commercial Real Estate Direct Staff Report Walker & Dunlop has originated $32 million of Fannie Mae financing to help fund Raia Capital Management's acquisition of Azola West Palm Beach, a 179-unit apartment property in West Palm Beach, Fla....

Investcorp has acquired the 536,051-square-foot Tempe Commerce Park in Tempe, Ariz., for $85.35 million, or $159.22/sf. The New York investment manager bought the property from BKM Capital Partners of Newport Beach, Calif., which had purchased it in 2016 for...

Commercial Real Estate Direct Staff Report Electra America and AKA are in the market to raise $500 million of equity commitments for a hotel investment fund. The vehicle, Electra America Opportunity Fund, will pursue full-service properties in downtown...

Greta Guggenheim, chief executive of mortgage REIT TPG Real Estate Finance Trust, is retiring, effective at the end of March. Matthew Coleman, a partner of parent company TPG Global who was named president of the REIT last July, will...

Square Mile Capital Management was the lender that provided $69.75 million of financing against the recently opened Jefferson Pacific Beach apartment property in San Diego. The loan allowed the property's developer, JPI Cos., which has offices in Irving, Texas,...

Lloyd Jones LLC, which develops and owns apartment and seniors-housing properties, has named Andrew Carroll its chief investment officer. Carroll joins the Miami company from American House Senior Living Communities, where he was director of investments. He previously...

Commercial Real Estate Direct Staff Report Wheelock Street Capital has raised $500 million for its first open-ended investment fund, Wheelock Street Real Estate Long Term Value Fund. The fund is a complementary vehicle to the Greenwich, Conn., investment...

South Florida Business Journal WPH Properties LLC has paid $43.75 million, or about $231,481/room, for the Washington Park Hotel in Miami Beach, Fla. The company, which owns Westime, a Beverly Hills, Calif., luxury watch store, bought the 189-room...

Commercial Real Estate Direct Staff Report Chatham Lodging Trust's revenue per available room in the fourth quarter was $47.30, a 17.9 percent decrease from $57.60 in the third quarter and a 60.4 percent drop from $119.40 a year...

Commercial Real Estate Direct Staff Report Lodging Fund REIT III, a non-traded REIT sponsored by Legendary Capital, has paid $27.9 million, or nearly $198,000/room, for the recently opened Courtyard by Marriott Denver-Aurora hotel in Aurora, Colo. The Fargo,...

Commercial Real Estate Direct Staff Report Pimco acquired a stake in the 245-room Courtyard San Diego Downtown hotel in a deal that valued the property at $64.5 million, or $263,265/room. The Los Angeles investment manager bought the stake from...

Next Wave Investors has paid $28.1 million, or nearly $130,000/unit, for Spanish Oaks, a 216-unit apartment property in Las Vegas. The San Clemente, Calif., investor, formed two years ago through the spin-off of Alpha Wave Investors' apartment business,...

JLL Income Property Trust has paid $46.6 million, or $316.55/sf, for 170 Park Ave., a 147,215-square-foot office/laboratory building in Florham Park, N.J. The property, which is fully leased to biotech company Celularity Inc. under a 15-year agreement, was...

Brookfield Asset Management Inc. has paid $312.5 million, or $460,235/unit, for the 679-unit Vantage Pointe Apartments in San Diego. The sales price makes it the largest multifamily transaction in 2020, according to brokerage Kidder Mathews. The New York...

Lexin Capital has paid $70.8 million, or $224,762/unit, for the 315-unit Jamison apartment property in Kissimmee, Fla., an Orlando, Fla., suburb. The New York real estate investment firm bought the complex from a venture of DeBartolo Development of...

Commercial Real Estate Direct Staff Report Equity Residential, which owns 304 properties with nearly 78,000 units in urban and high-density suburban markets across the country, is planning to sell some major-market assets and redeploy proceeds into properties in...

Commercial Real Estate Direct Staff Report Hersha Hospitality Trust has agreed to sell four hotels with 448 rooms for a combined $132 million as it looks to raise cash and reduce its $1.2 billion of debt. The Philadelphia...

Dekel Capital has hired Peter Houghton as managing director to help expand the Los Angeles' company's joint venture equity platform. Houghton, a 20-plus year veteran of the commercial real estate industry, most recently was managing director of capital...

SJP Properties has hired Patrick Jennings as senior vice president of acquisitions. He will work with Steve Pozycki, founder and chief executive of SJP, a New York developer, in identifying acquisition and development opportunities. The hiring of Jennings...

Commercial Observer A venture of Metropolitan Realty Associates and Clarion Partners has paid $50 million, or about $164.34/sf, for a 304,249-square-foot industrial property in South Windsor, N.J. SunCap Property Group sold the property, which was developed in 2012....