Commercial Real Estate Direct Staff Report Peak Capital Partners has paid $56 million, or $280,000/unit, for Momentum at First Creek, a 200-unit apartment property in Denver. The Provo, Utah, company acquired the property from its developer, Massimino, which...

Charlotte Business Journal Ferncroft Capital has purchased a 403,000-square-foot warehouse at 13005 Sam Neely Road in Charlotte, N.C., for $95.6 million, or $237.22/sf. The local investor acquired the industrial property in the city's Steele Creek area from The...

Commercial Observer Empire State Realty Trust Inc. has paid $46 million, or $2,149/sf, for the 21,400 square feet of commercial space at 127 Kent Ave. in the Williamsburg section of Brooklyn, N.Y. The New York REIT acquired the...

Austin Business Journal Stockbridge has acquired the 271,689-square-foot New Hope industrial campus in Cedar Park, Texas. The San Francisco investor purchased the three-building property from a venture of Riverside Resources, Live Oak Group, and Cordova Real Estate Ventures,...

Austin Business Journal A venture led by Aquila Commercial and PacVentures has acquired The Campus at Arboretum, a 318,782-square-foot office complex in Austin, Texas. Aquila, a locally based company, and PacVentures, of San Diego, did not disclose the...

Orlando Business Journal An affiliate of Nuveen Real Estate has bought the Crossings at Viera, a 190,000-square-foot shopping center in Rockledge, Fla., for $46 million, or $242.11/sf. The New York company purchased the property from SJC Ventures of...

Commercial Real Estate Direct Staff Report MF1 Capital has provided $54 million of financing against the 262-unit Opal apartment property in the Salt Lake City suburb of West Valley City, Utah. The loan was arranged by JLL Capital...

A family office has leased 5,063 square feet at the 9 West 57th St. office building in Midtown Manhattan, with rent averaging $327.50/sf, believed to be the highest ever recorded in the borough. The 1.68 million-square-foot building, a...

Commercial Observer JPMorgan Chase Bank has provided a $765 million loan against the 1,102-unit apartment property at 625 Fulton St. in downtown Brooklyn, N.Y. The loan, arranged by Galaxy Capital, allowed the property's developer and owner, Rabsky Group...

Commercial Observer MF1 Capital has provided a $64 million loan against the 99-unit Elliot apartment property at 151 South Elliott Place in the Fort Greene section of Brooklyn, N.Y. Landstone Capital Group arranged the financing. The property was...

Puget Sound Business Journal Bell Partners has paid $78.32 million, or $489,500/unit, for the Milehouse, a 160-unit apartment complex in the Seattle suburb of Redmond, Wash. The Greensboro, N.C., multifamily investor acquired the property from UDR Inc., which...

REBusiness Online A venture of Bridgeway Real Estate Partners and LBX Investments has paid $43 million, or $358.33/sf, for Plaza Del Mar, a 120,000-square-foot office property in San Diego. Bridgeway, of Pasadena, Calif., and LBX, of Beverly Hills,...

South Florida Business Journal Journey Capital has bought the Rise at Flagler Village, a 348-unit apartment building in Fort Lauderdale, Fla., for $108 million, or $310,345/unit. The New York company purchased the 30-story property from Encore Capital Management...

South Florida Business Journal Kurv Industrial has paid $219.7 million, or $268/sf, for the East Pompano Industrial Center, an 819,752-square-foot complex in Pompano Beach, Fla. The Chicago industrial property investor, formerly known as Bridge Industrial, purchased the five-building...

Commercial Real Estate Direct Staff Report Alternative lender 3650 Capital has provided $104 million of financing to facilitate the acquisition of a portfolio of seven apartment properties with 1,495 units in and around Chicago. The portfolio was purchased...

Commercial Real Estate Direct Staff Report PCCP has provided $70 million of financing against 24Fifty at University Park, a 252‑unit apartment property in Denver. CBRE arranged the loan on behalf of the property's owner, DivcoWest of San Francisco,...

Commercial Real Estate Direct Staff Report Deutsche Bank has filed a foreclosure suit against the owner of the 500,000-square-foot Kaufman Astoria Studios Campus in Queens, N.Y. The bank provided $340 million of mortgage financing to fund the property's...

Commercial Real Estate Direct Staff Report An affiliate of Red Tail Acquisitions has paid $25 million, or $217,391/unit, for the 115-unit Exeter apartment property in Seattle. The Irvine, Calif., investor acquired the property from Gibraltar LLC of Seattle,...

Mesa West Capital has provided $81 million of senior debt against the 313-unit Domain Memorial townhome rental property in Houston. The loan will allow the property's owner, Knightvest Capital, to complete unit renovations. The 10-year-old property is at...

Bisnow WC Smith has paid $69.8 million, or $298,290/unit, for the 234-unit Albemarle apartment property in Washington, D.C. The local investor acquired the property from AvalonBay Communities of Arlington, Va., which had owned it since 2013. The most...

Crain's Chicago Business Braemar Hotels & Resorts is offering for sale Sofitel Chicago Magnificent Mile, a 415-unit hotel in the city's Gold Coast neighborhood. The Dallas REIT, formerly known as Ashford Hospitality Prime Inc., hired JLL to market...

Commercial Real Estate Direct Staff Report Morningstar DBRS estimates that the three Club Quarters hotels in Chicago, San Francisco, and Philadelphia that back a $240.7 million mortgage securitized through BX Trust, 2017-CQHP, would recover only $142.7 million in...

Commercial Real Estate Direct Staff Report Capital Group has agreed to pay $210 million, or $150/sf, for Los Angeles' Bank of America Plaza, a 1.4 million-square-foot office property in the city's downtown. The financial services company, the building's...

Commercial Real Estate Direct Staff Report White Lodging has paid $27.75 million, or $78,612/room, for the 353-room Sheraton Raleigh Hotel in the city's downtown area. The Merrillville, Ind., hotel management company purchased the property from an affiliate of PM...

Commercial Real Estate Direct Staff Report Cottonwood Group has provided $102 million of financing for the construction of the 216-room Kimpton Hotel in downtown Salt Lake City. Walker & Dunlop arranged the loan on behalf of Domain Cos....