Commercial Real Estate Direct Staff Report The CMBS financing against the Harborplace retail property within Baltimore's Inner Harbor area has transferred to special servicer Midland Loan Services as it's not expected to be paid off by its maturity...

Commercial Real Estate Direct Staff Report Rise48 Equity has paid $21.7 million, or $200,925/unit, for the 108-unit Northern apartment property in Phoenix. The Scottsdale, Ariz., investment manager bought the property, the former Solano Pines at 17840 North Black...

New York Life Insurance Co. and PGIM Real Estate have provided $332 million of senior and mezzanine financing against the 800-unit NEMA Chicago apartment building across from Grant Park in Chicago. New York Life provided $275 million of...

Boyd Wilson LLC has paid $97 million, or $252,604/unit for the 384-unit Landings apartment property in Bethlehem, Pa. The Lancaster, Pa., investment manager purchased the property, at 1818 Catasauqua Road, from an investor group, Valley Park South LLC....

Crain's Chicago Business Acadia Realty Trust is offering for sale the five retail buildings with 103,526 square feet at 2731 North Clark St. and 639, 662, 613-623 and 651-671 West Diversey Parkway in Chicago. The New York REIT...

Netflix Inc. has struck a deal to pay about $400 million for the Radford Studio Center television production studio in Los Angeles. The Los Gatos, Calif., entertainment company would be buying the 1.13 million-square-foot property, the former CBS...

A venture of Eagle Real Estate Partners and Vistria Group has paid $132.5 million, or $329,601/unit, for the 402-unit Crystal View Apartments in the Los Angeles suburb of Garden Grove, Calif. The venture - Eagle is based in...

JPMorgan Chase Bank has provided a $160 million credit facility for Safely Store Self Storage, which is backed by Caisse de depot et placement du Quebec, or simply La Caisse. The facility, arranged by JLL Capital Markets, is...

ConnectCRE Wells Fargo Bank has provided $125 million of financing against Larimer Square, a 513,000-square-foot mixed-use property in downtown Denver that's owned by Asana Partners of Charlotte, N.C., which bought it in 2020 for $92.5 million. The four-story...

Goodwill Industries International has paid $19.75 million, or $179/sf, for the 110,330-square-foot office building at 761 Wheaton St. in Savannah, Ga. The five-story building was purchased from an investor group led by Margaret Bowen of Alpharetta, Ga., which...

Crain’s Chicago Business A venture of Glenstar Properties and investor Patrick Halloran has taken title to the 966,924-square-foot office building at 500 West Monroe St. in Chicago through a deed in lieu of foreclosure. The venture previously purchased...

Dwight Mortgage Trust has provided $183 million of financing for the construction of a 530-unit apartment property in the northern California city of Gilroy. The loan is the largest construction loan ever originated by the company, the mortgage...

Philadelphia Inquirer The proposed sale of the 1.76 million-square-foot office building at 1500 Market St. in downtown, or Center City Philadelphia, evidently has fallen apart. The 37-story building, commonly referred to as Centre Square, backs a $368 million...

Commercial Real Estate Direct Staff Report The 2.78 million-square-foot Aon Center office property in Chicago has been re-appraised at a value of $195 million. It marks the third time the 83-story building - the third tallest in the...

Commercial Real Estate Direct Staff Report The 12-story mixed-use building at 250 Livingston St. in Brooklyn, N.Y., has been reappraised at a value of only $23.1 million, contributing to Morningstar DBRS' downgrade of five principal-paying classes of one...

Four Mile Capital, in partnership with Midloch Investment Partners, has paid $38.25 million, or $180,424/unit, for the 212-unit Frontgate Apartments in Louisville, Ky. Four Mile, of Louisville, Colo., and Midloch, of Chicago, acquired the property from an affiliate...

Pacific Life Insurance Co. has provided $124.6 million of financing against the 363-unit Arthur on Aberdeen apartment property in Chicago's Fulton Market neighborhood. JLL Capital Markets arranged the three-year loan on behalf of the two-year-old property's developer and...

OakNorth Bank has provided $50 million of mortgage financing to fund Onward Investors' purchase and repositioning of three office buildings within the Coliseum Centre office complex in Charlotte, N.C. As reported, the Minnetonka, Minn., investor purchased the three buildings—Three,...

A San Francisco investor group comprised of Prado Group and Presidio Bay Ventures, which had come close to sewing up a deal to buy the beleaguered San Francisco Centre shopping mall, will not be buying the 1.45 million-square-foot...

Nashville Business Journal Shorenstein Investment Advisors has paid $146.5 million, or $634.20/sf, for the Moore Building, a 231,000-square-foot office building in Nashville, Tenn. The San Francisco investor purchased the 15-story property from a venture of Portman Holdings of...

Jacksonville Business Journal G3 Enterprises has paid $37.39 million, or $103/sf, for a 363,000-square-foot warehouse at 12751 Gran Bay Parkway in Jacksonville, Fla. The Modesto, Calif., company acquired the industrial building from Redfearn Capital of Delray Beach, Fla.,...

Commercial Real Estate Direct Staff Report An affiliate of Golden Horizon Enterprises has paid $112.5 million, or $336,826/unit, for Bungalows at Camelback, a 334-unit apartment property in Phoenix. The purchase was first reported by the Phoenix Business Journal....

Crain's Chicago Business RPM Living has paid $125 million, or $385,802/unit, for SoNo East, a 324-unit apartment property in Chicago's Goose Island neighborhood. The Austin, Texas, investor acquired the property, at 840 West Blackhawk St., from PGIM Real...

Commercial Real Estate Direct Staff Report Plymouth Corporate Center, a 628,436-square-foot office property in the Minneapolis suburb of Plymouth, Minn., has been reappraised at a value of $45.3 million. The latest appraisal, which was highlighted this morning in...

InvenTrust Properties has paid $34 million, or $201.18/sf, for New Garden Crossing, a 169,000-square-foot retail property in Greensboro, N.C. The Downers Grove, Ill., REIT purchased the shopping center from Hackney Real Estate Partners of Richmond, Va., which had bought...