Charlotte Business Journal An affiliate of Grubb Properties has sold Sterling Magnolia, a 174-unit apartment property in Charlotte, N.C., for $43 million, or about $247,126/unit. An entity affiliated with Goldrich Kest of Culver City, Calif., bought the three-story...

Commercial Real Estate Direct Staff Report Cortland has paid $91.7 million, or $272,917/unit, for the 336-unit Parc Station Apartments in Hollywood, Fla., according to Broward County, Fla., records. The Atlanta investment manager bought the five-year-old property from JPMorgan Asset...

CIT Group has provided $42.5 million of construction financing for the 307-unit Terra at the Grove apartment complex in St. Louis. The loan was written by CIT's Real Estate Finance group, which funds, among other things, construction and...

A venture of Aegis Living and Blue Moon Capital Partners has paid $350 million for a portfolio of 10 senior-living properties with 702 units in California, Washington and Nevada. The venture acquired the portfolio from Healthpeak Properties Inc.,...

Commercial Real Estate Direct Staff Report CA Ventures has paid $80 million, or about $133,779/unit, for the 598-bed University Park student-housing property in Boca Raton, Fla. The Chicago investment manager bought the property from a venture of Preiss...

The following item was edited to reflect that the property is owned solely by an affiliate of Pacific Life Insurance Co. Bisnow An affiliate of Pacific Life Insurance Co. is looking to sell the 1,152-room Washington Marriott Wardman...

Atlanta Business Chronicle JLL Income Property Trust has bought the 240-unit Siena Suwanee Town Center in Suwanee, Ga., for $70 million, or about $291,667/unit. The seller was not disclosed. The property, at 400 Buford Highway, opened three years...

South Florida Business Journal Affiliates of Krausz Cos. has paid $14.1 million, or $150,000/unit, for the 94-unit Alta Village Gardens Apartments in West Palm Beach, Fla. AVG APTS LLC was the seller. The property was built on a...

South Florida Business Journal Bar Invest Group has bought the Landings at Pembroke Pines, a 358-unit apartment property in Pembroke Pines, Fla., for $79.5 million, or about $222,067/unit. An affiliate of Starwood Capital Group sold the complex, which...

Charing Cross Partners has paid $39.7 million, or $369.17/sf, for the 107,539-square-foot shopping center at 19330 Hawthorne Blvd. in Torrance, Calif. The Santa Monica, Calif., investor purchased the property from Regency Centers of Jacksonville, Fla., in a deal...

Southwood Realty has paid $54 million, or $166,667/unit, for the 324-unit Belle Meade Apartment Homes in Wilmington, N.C. The Gastonia, N.C., real estate investment firm bought the property from McAdams Homes of Wilmington, which had developed it in...

Boston Business Journal A venture of Fairstead and Atalaya Capital has paid $74 million, or $500,000/unit, for the 148-unit Pelham Hall apartment property in the Boston suburb of Brookline, Mass. It bought the property from Nordblom Co. of...

Bank OZK and Square Mile Capital Management have provided $114 million of financing for the construction of 100 Altair Way, a 180,000-square-foot office building that's being developed in Sunnyvale, Calif. Bank OZK retained the senior loan part of...

AZ Big Media YAM Properties has paid $51.5 million, or $214.25/sf, for the 240,370-square-foot Pima Crossing shopping center in Scottsdale, Ariz. The Scottsdale company purchased the property from Karlin Real Estate, which was represented in the deal by...

Commercial Real Estate Direct Staff Report CBRE has originated $36.3 million of Freddie Mac financing against the 288-unit 54 Station apartment property in Durham, N.C. The 10-year loan allowed the property's owner, Chaucer Creek Capital of Raleigh, N.C.,...

Commercial Real Estate Direct Staff Report GMF Capital has paid $58 million, or $241,667/unit, for the 240-unit Bainbridge Ybor City apartment property in Tampa, Fla. The New York investment manager bought the property from Bainbridge Cos. of Wellington,...

Dwight Capital has written a $37 million loan under the U.S. Department of Housing and Urban Development's 223(f) program for the 256-unit Village at Baker Creek apartment property in Bellingham, Wash. The loan allowed the property's owner, a...

Mosaic Real Estate Investors has provided $60 million of construction financing for the 360-unit first phase of the Sovereign at Town Center apartment property in Davenport, Fla., which is just south of Orlando, Fla. The nonrecourse loan was...

Faring has paid $83.5 million, or $210,859/unit, for The Well, a 396-unit apartment complex in Henderson, Nev. The West Hollywood, Calif., developer bought the property from its developer, the Wolff Co. of Scottsdale, Ariz., which had completed it...

Raymond Capital Advisors LLC has paid $37.75 million, or $377,500/unit, for The Woodlands, a 100-unit apartment complex in Snoqualmie, Wash., about 25 miles east of Seattle. The Seattle investor purchased the property from Woodlands Townhomes LLC, which was...

Boston Business Journal Alexandria Real Estate Equities Inc. has agreed to acquire a majority stake in an office and laboratory complex in Boston in a deal that values the property at $1.52 billion. The Pasadena, Calif., REIT is...

The Real Deal A venture of BlackRock Inc. and L3 Capital has taken control of a portfolio of 14 retail properties in the Williamsburg neighborhood of Brooklyn, N.Y., in a deed-in-lieu of foreclosure. Newmark brokered the deal, which...

Commercial Real Estate Direct Staff Report Hudson Capital Properties has sold two apartment properties with 571 units in Greensboro, N.C., for $74 million. Advenir Inc. paid $56.2 million, or $133,810/unit, for the 420-unit Steeplechase Apartments, while Eminent Capital...

Veritas Investments has named Justin Sato its president. Sato had been chief strategy and portfolio officer and, before that, he was the San Francisco investment manager's chief financial officer. As president, a new post, Sato will work closely...

Connor Group has paid $133.75 million for two apartment properties with 655 units in Indiana and Florida. The Dayton, Ohio, investor purchased the 219-unit Domain at Bennett Farms in Zionsville, Ind., for $40.5 million, or $184,931/unit, and the...