Commercial Real Estate Direct Staff Report Beal Bank has provided $176 million of non-recourse mortgage financing against four retail properties owned by CBL & Associates Properties Inc., allowing the Chattanooga, Tenn., REIT to completely refinance what had been...

Crain's Chicago Business Standard Real Estate Investments and Belay Investment Group has paid $61 million, or $238,281/unit, for Martin's Point, a 256-unit apartment property in the Chicago suburb of Lombard, Ill. Standard and Belay, both of Los Angeles,...

Commercial Observer MF1 Capital has provided $170 million of financing for the completion of the 354-unit apartment property at 2366 Bedford Ave. in the Flatbush neighborhood of Brooklyn, N.Y. The property, which is set to open this year,...

National Life Group has provided $26.75 million of financing against the 90-unit 8th & U Apartments in San Diego. Northmarq arranged the three-year loan, which can be extended. The property, at 3843 8th Ave., was developed last year...

The Real Deal A venture of Metro Loft Management and Quantum Pacific Group has agreed to pay about $100 million, or $262.54/sf, for One Whitehall St. in Lower Manhattan, with plans to convert the 380,895-square-foot office building into...

Charlotte Business Journal Ares Management Corp. is offering for sale ThExchange, a 568,811-square-foot office complex in Charlotte, N.C. The Los Angeles investment manager has tapped CBRE to market the 14-building property. It took title to the property in...

Denver Business Journal The Dinerstein Cos. has paid $137.3 million, or $629,816/unit, for Steele Creek, a 218-unit apartment property in Denver. The Houston investment firm acquired the property, at 3222 East 1st Ave., from UDR Inc., which bought...

QuadReal Property Group has provided $144 million of financing for the construction of Carina, a 408-unit apartment property in Santa Ana, Calif. JLL arranged the three-year loan, which pays a floating-rate coupon, on behalf of the property's developer,...

Commercial Real Estate Direct Staff Report Aurora Capital Associates has paid $54 million, or $675/sf, for the 80,032-square-foot Scribner Building and its neighboring Redfern Building in Midtown Manhattan. The Cayre family office, which is led by Robert Cayre,...

Bisnow Allan Bailey Johnson Group has paid $134 million, or $500/sf, for the 268,000-square-foot FBI Boston Division headquarters building at 201 Maple St. in Chelsea, Mass. The agency relocated to the eight-story building from Boston nine years ago....

Commercial Property Executive Western Realco has paid $40.7 million, or $304.10/sf, for a 133,836-square-foot office property at 600 East Vermont Ave. in Anaheim, Calif. The Newport Beach, Calif., investment firm acquired it from Rexford Industrial in a deal...

Commercial Real Estate Direct Staff Report A venture of Basis Industrial and One Investment Management has paid $144.6 million for a portfolio of three shallow-bay industrial complexes with 839,001 square feet in the Atlanta and Orlando, Fla., areas....

The Real Deal Namdar Realty Group is said to be paying about $280 million, or nearly $515/sf, for the 543,743-square-foot office building at 250 West 57th St. in Manhattan. The Great Neck, N.Y., investor is buying the 26-story...

Carmel Partners has raised $1.35 billion of commitments for its latest investment vehicle, Carmel Partners Investment Fund 9. The fund is a follow-up to Fund 8, through which the San Francisco investment manager raised $1.5 billion in 2023....

Commercial Real Estate Direct Staff Report Principal Asset Management has paid $97.35 million, or $360,555/unit, for the 270-unit Biltmore at Camelback apartment complex in Phoenix. The Des Moines, Iowa, investment manager acquired the property from an affiliate of...

Commercial Real Estate Direct Staff Report The weighted average capitalization rate for net-leased properties has declined for the first time in 15 consecutive quarters, according to the Boulder Group. The overall cap rate for properties offered for sale...

The Real Deal A venture of Nelson Management, JPMorgan & Co., and L+M Fund Management is taking another shot at selling the 256-unit apartment property at 275 South St. on the Lower East Side of Manhattan. It is now...

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...